For sale
$1,895,000
Mixed-use property
9,000 SF building
$211/SF (asking price ÷ building area)
2904 Atlantic AvenueBrooklyn, NY 11207
Listing courtesy of TIP TOP REALTY MANAGEMENT CORP · MyStateMLS #12042739
For saleReduced $249,000 from $3,999,000
$3,750,000
Unit MixedUse
9 Newport Street #MixedUseBrooklyn, NY 11212
Mixed-use property (from the listing description) · MLS 12002724 · Listed 40 days ago (Sep 25, 2026)
Active: Listed and available according to the MyStateMLS feed.
About this property
FREE-MARKET 12-UNIT MIXED-USE INVESTMENT PROPERTY 9% IN-PLACE CAP RATERare opportunity to acquire a fully renovated, 12-unit mixed-use corner investment property in Brooklyn, offering a strong in-place return.Prominently situated at the corner of Newport Street and East 98th Street, the property was recently converted from four residential apartments and retail space into a newly configured asset consisting of seven free-market studio apartments and five ground-floor commercial units.The residential component features seven fully renovated studio apartments, all of which are free market and not subject to rent stabilization. Six of the seven residential units are currently leased, providing immediate income with additional upside through the lease-up of the remaining unit.The commercial component consists of five fully renovated ground-floor retail spaces, all of which are currently leased, providing stabilized commercial income from day one.The property underwent a comprehensive gut renovation, creating a modern, income-producing asset with limited near-term capital improvement requirements and flexibility for future rental growth.Situated on an approximately 8,314-square-foot corner lot, the property benefits from approximately 49 feet of frontage along Newport Street and approximately 130 feet of wraparound frontage, providing excellent exposure, visibility, and street presence.The property is zoned R6/C1-3, with a 2.02 FAR, and benefits from Tax Class 2B status. Conveniently located approximately two blocks from the 3 train at Saratoga Avenue, with additional access to the L train at New Lots Avenue.Investment Highlights- 12-unit mixed-use corner investment property- Attractive 9% in-place cap rate- 7 free-market studio apartments- 5 ground-floor commercial units- 6 of 7 residential units currently leased- Commercial component 100% leased- Fully renovated residential and retail spaces- Residential units not subject to rent stabilization- Approximately 8,314 SF corner lot- Approximately 49 feet of Newport Street frontage- Approximately 130 feet of wraparound frontage- R6/C1-3 zoning- 2.02 FAR- Tax Class 2B- Strong in-place income with additional lease-up opportunity- Excellent corner visibility- Convenient access to the 3 and L subway lines
Description provided by the listing brokerage.
Key facts
- Asking price
- $3,750,000
- Original list price
- $3,999,000
- Status
- For sale
- Property type
- Mixed useFrom the listing description
- MLS number
- 12002724
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.
Price
- Asking price
- $3,750,000
Building and site
- Suite or unit
- MixedUseSource field UnitNumber
- County
- Kings County
Investment figures reported in the description
- Occupancy
- 100% (described as actual or current)"…leased- commercial component 100% leased- fully renovated residential…"
These figures are as written by the listing agent, without a stated period or supporting statements. Commercial Only does not calculate or verify them. Ask for rent rolls, operating statements and leases before relying on any figure.
Reported features
- Corner location (from the description)“…proximately 8,314-square-foot corner lot, the property benefits from a…”
A mention is not a specification. Confirm power, clear height, doors, parking and code compliance for your use with the listing representative and your own advisers.
Location
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Brooklyn or mixed-use property in Brooklyn.
Why this listing is on Commercial Only
- Property type as the listing describes it. (description: "free-market 12-unit mixed-use investment property 9% in-place cap raterare oppor…")
- MLS property class detail. (PropertyTypeDetail: comm-building)
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Price and status history
- Original list price reported by the brokerage: $3,999,000
Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.
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$670/SF (asking price ÷ building area)
2149 Utica AveBrooklyn, NY 11234
Listing courtesy of 5 BORO REALTY CORP · MyStateMLS #11863336
For saleReduced $108,000
$2,880,000
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- Corner location
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Guides
Listing courtesy of Real Street Inc.. Listing agent: Sully Klein. Co-listing agent: Real Street. Listings provided by MyStateMLS.
Listing last modified at the source Oct 30, 2026, 10:45 AM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 10:01 AM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.