372 Mother Gaston Blvd

ASKING PRICE $3,295,000 INCLUDES A 3 BUILDING PACKAGE 1784-1788 PITKIN AVE & 372 MOTHER GASTON BLVD.  We are excited to offer you this rare package of 3 consecutive buildings for sale in the up & coming area of Brownsville - located in the Opportunity Zone! These properties were not affected by Covid-19. The 3 commercial tenants are all “Essential Businesses”, and the 4 residential tenants are all Section 8. This area is gentrifying quicker than any other area in Brooklyn. Directly across the street is a brand new state-of-the-art medical center. Just steps away on the same block, a luxury high rise building with a swimming pool is being developed (see below for details). The residential rents in 1784 and 1788 Pitkin Avenues have doubled since 2018 and will only continue to rise as the demand for this area increases. All the apartments are large 3 bedrooms with full living and dining room areas. Every (except 1) unit was completely renovated in the past 3 years. The tenants pay their own utilities, and each unit is equipped with individual central heating systems, AO Smith hot water tanks and washer/dryer rooms. All tenants pay their own utilities. 372 Mother Gaston has unused air rights. These properties are great for an investor who wants to hold onto stable income-producing properties, or for developers who want to redevelop this bustling corner in the Opportunity Zone.

For more information call:

Jack A Cohen

(718) 971-1675 Office

(917) 533-8905 Cell

[email protected]