BRP Exclusive Location, Location prime location Corner: Well-maintained, corner 4-story class A building with 42 residential Studio, One, Two & Three Bedrooms residential & 7 commercial spaces totaling 35,700 sq ft!  30,000 sq ft of residential unit approximately 400,698- 1,100 sq ft each 11 Stabilized unit 31 Free market units total $ 1,451,344.36 yearly income in 2025! 3 Vacant apartments & 3 expires in 2027 All 37 leases expires in 2026 creating great rental increase potential -availability & significant add on potential - Fully leased 7 commercial storefronts facing prime high traffic Flatbush commercial corridor. Each store is approximately 817 sq ft. Building size 137.67 ft x 60 ft Lot size 10,900 sq ft 146 ft x 82.75 ft zone R8X, C2-4 with additional buildable space 29,866 sq ft total of 65,618 buildable area (plus air rights) & not included City of Yes Proposed zoning de-restrictions may allow for additional stories, creating significant upside for expansion or redevelopment for savvy investors! Brooklyn Real Property, Inc Exclusive - Steps away to Barclay Arena, Prospect Park, LIRR & all train, buses! All deregulation & DHCR documents will be provided by request! Near all restaurant, shopping & more! Never on the market! For more details NDA must be signed- BRP Off market - Must provide proof of funds, Owner VERY motivated - Submit any & every offers

• Featured Listings: Yes

Interior Features

Investment Opportunity – Prime Mixed-Use Development Site in Brooklyn

Exclusive Off-Market Offering

Presented by Brooklyn Real Property, Inc.

Located on a prime corner along the highly trafficked Flatbush commercial corridor, this exceptionally maintained 4-story Class A mixed-use building presents a rare value-add and redevelopment opportunity in the heart of Brooklyn.

The property consists of:

• 42 residential units
  • Studio, 1-bedroom, 2-bedroom, and 3-bedroom apartments
  • Unit sizes range from approximately 400 SF to 1,100 SF
  • Approximately 30,000 SF of residential space
  • 11 stabilized units
  • 31 free-market units
• 7 fully leased commercial storefronts
  • Each approximately 817 SF
  • Positioned along a prime retail corridor with strong pedestrian and vehicle traffic

Financial Highlights

• Projected 2025 Gross Annual Income: $1,451,344.36
• 3 residential units currently vacant
• 3 leases expiring in 2027
• Remaining 37 leases expire in 2026, creating significant upside through future rent increases and repositioning potential

Property Specifications

• Building Dimensions: 137.67' x 60'
• Lot Size: 10,900 SF (approximately 146' x 82.75')
• Zoning: R8X / C2-4
• Current Buildable Area: 65,618 SF
• Additional Buildable SF Available: approximately 29,866 SF
• Additional air rights included

Potential benefits from the proposed City of Yes zoning initiatives may allow for additional stories and expanded redevelopment possibilities, offering substantial long-term upside for investors and developers.

Premier Brooklyn Location

Conveniently located near:

• Barclays Center
• Prospect Park
• Long Island Rail Road (LIRR)
• Multiple subway lines and bus routes
• Restaurants, shopping, and neighborhood amenities

Additional Information

• DHCR and deregulation documentation available upon request
• Property has never previously been offered on the market
• NDA required for additional details
• Proof of funds required
• Ownership highly motivated and willing to review all offers

Exterior Features

CONFIDENTIAL INVESTMENT OFFERING MEMORANDUM

PRIME BROOKLYN MIXED-USE VALUE-ADD & DEVELOPMENT OPPORTUNITY

Exclusive Off-Market Offering

Presented Exclusively By
Brooklyn Real Property, Inc.

DISCLAIMER

This Confidential Offering Memorandum (“OM”) has been prepared solely for informational purposes to assist qualified investors in evaluating the acquisition of the subject property. The information contained herein has been obtained from sources deemed reliable; however, no representation or warranty, expressed or implied, is made as to the accuracy or completeness of the information.

Prospective purchasers are advised to conduct their own independent investigations, inspections, financial analysis, zoning review, and due diligence.

This is a confidential, off-market offering. Distribution without written consent is prohibited.

EXECUTIVE SUMMARY

Brooklyn Real Property, Inc. is pleased to present an exclusive opportunity to acquire a premier corner mixed-use asset located along Brooklyn’s highly trafficked Flatbush commercial corridor.

This exceptionally maintained 4-story Class A building consists of 42 residential apartments and 7 fully leased commercial storefronts, offering immediate stable cash flow with substantial future upside through lease rollover, rental repositioning, and future development potential.

The property benefits from favorable R8X/C2-4 zoning, significant unused FAR, additional air rights, and possible future upside associated with New York City’s proposed “City of Yes” zoning initiatives.

This offering represents a rare opportunity to acquire a stabilized income-producing asset with both near-term and long-term value enhancement potential in one of Brooklyn’s strongest rental and commercial corridors.

PROPERTY OVERVIEW

Asset Type

Mixed-Use Multifamily / Retail

Building Description

• 4-Story Class A Corner Building
• Excellent physical condition
• Prominent frontage along Flatbush corridor

Residential Component

• 42 Apartments
  • Studio Units
  • One-Bedroom Units
  • Two-Bedroom Units
  • Three-Bedroom Units
• Approximate Unit Sizes:
  • 400 SF – 1,100 SF
• Approximate Residential Area:
  • 30,000 SF

Commercial Component

• 7 Fully Leased Retail Storefronts
• Approximate Store Size:
  • 817 SF each
• Prime high-traffic retail exposure

Total Building Size

• Approximately 35,700 SF

Lot Size

• Approximately 10,900 SF
• Dimensions:
  • 146 FT x 82.75 FT

Building Dimensions

• 137.67 FT x 60 FT

INVESTMENT HIGHLIGHTS

Significant Revenue Potential

• Projected 2025 Gross Annual Income:
  • $1,451,344.36

Favorable Lease Rollover Schedule

• 37 leases expiring in 2026
• 3 leases expiring in 2027
• 3 vacant apartments available for immediate repositioning

Strong Residential Mix

• 31 Free Market Units
• 11 Stabilized Units

Major Upside Opportunity

• Future rent increases through lease turnover
• Opportunity to modernize and reposition select units
• Strong Brooklyn rental demand fundamentals

Prime Commercial Exposure

• Fully leased retail component
• Strong pedestrian and vehicular traffic
• Established Flatbush retail corridor

Development & Expansion Potential

• Zoning:
  • R8X / C2-4
• Additional Buildable Area:
  • Approx. 29,866 SF
• Total Potential Buildable Area:
  • Approx. 65,618 SF
• Additional Air Rights Included

City of Yes Potential

Proposed NYC zoning changes may allow additional stories and expanded redevelopment opportunities, significantly enhancing long-term asset value.

LOCATION OVERVIEW

Strategically positioned in one of Brooklyn’s most dynamic and rapidly evolving neighborhoods, the property offers exceptional connectivity, transportation access, and proximity to major destination anchors.

Nearby amenities include:

• Barclays Center
• Prospect Park
• Long Island Rail Road (LIRR)
• Multiple subway lines
• Bus transportation
• Restaurants
• Shopping corridors
• Entertainment destinations

The surrounding area continues to experience strong residential demand, retail growth, and long-term appreciation trends.

FINANCIAL SUMMARY

VALUE-ADD STRATEGY

Potential ownership strategies include:

Rental Repositioning

• Capture future market rent increases
• Upgrade select units
• Improve operational efficiencies

Development Expansion

• Utilize remaining FAR
• Explore vertical expansion opportunities
• Leverage additional air rights

Long-Term Hold

• Stable mixed-use income stream
• Strong Brooklyn appreciation fundamentals
• Transit-oriented investment profile

DUE DILIGENCE

The following documentation will be made available to qualified purchasers upon execution of an NDA:

• Rent Roll
• Income & Expense Statements
• DHCR Documentation
• Deregulation Records
• Existing Lease Information
• Property Surveys
• Zoning Information

OFFERING TERMS

• Off-Market Exclusive Offering
• NDA Required
• Proof of Funds Required
• Ownership Highly Motivated
• Submit All Offers

CONTACT INFORMATION

For additional information, property tours, or due diligence access, contact:

Brooklyn Real Property, Inc.

Confidentiality agreement and proof of funds required prior to release of detailed financials and property documentation.