1913 Avenue, Brooklyn, NY, 11235

About This Home

2 Apartments and 1 Office (Office Can be Delivered Vacant, or Occupied with a Lease from Seller) The Brennan Team of Marcus & Millichap is pleased to present 1913 Avenue Z, a mixed-use building located between Ocean Avenue and East 19th Street in the Sheepshead Bay neighborhood of Brooklyn, offered at $1,400,000. The Property consists of two residential units and one commercial unit totaling approximately 2,683 square feet, with 2,281 rentable square feet. With a current cap rate of 4.90 percent and the potential to achieve a 5.91 percent cap rate in year one, the offering presents a compelling opportunity for both income-focused and value-add investors. This well-maintained asset features the opportunity to enhance returns through strategic leasing and a stable income stream, with additional upside potential in a growing and transit-accessible submarket. The building is in excellent condition and offers notable flexibility with its commercial component, which can be delivered either vacant or with a new lease, allowing investors to tailor tenancy and maximize income potential. Additionally, one of the residential units is currently vacant, presenting immediate rental upside. A one-car garage further enhances the Property’s appeal, providing a valuable amenity in this dense Brooklyn submarket. Situated in Sheepshead Bay, the property benefits from proximity to local retail corridors, dining options, and public transportation, supporting consistent residential and commercial demand. 1913 Avenue Z represents an opportunity to acquire a turnkey mixed-use asset with leasing flexibility, parking, and rental upside in a well-established Brooklyn neighborhood INVESTMENT HIGHLIGHTS • Sheepshead Bay Mixed-Use Building • Option for Office to be Delivered Vacant, or with Brand New Lease • One-Car Garage Included • One Apartment is Vacant and Offers Rental Upside • Building is in Overall Excellent Condition