Back To All Properties 
Type:
Mixed Use
Sq Ft:
4,618
Units:
Property Description
Investment Property Realty Group (IPRG) has been exclusively retained to sell 308 Tompkins Avenue, a renovated 4-story mixed-use building located in the heart of Bedford-Stuyvesant, Brooklyn. The asset consists of 3 residential apartments and 1 ground-floor retail store, delivering strong in-place cash flow with an established commercial tenant and free-market residential income.
The building sits on a high-visibility stretch of Tompkins Avenue, one of Bed-Stuy’s premier retail corridors, with excellent foot traffic and convenient access to the A/C subway lines. Bedford-Stuyvesant continues to attract strong residential demand while supporting a vibrant mix of local shops, dining, and neighborhood services. Total building area is approximately 4,620 SF. The property benefits from protected tax status, resulting in exceptionally low annual taxes of only $6,595 and meaningful insulation against assessment increases.
This is a great opportunity to acquire a well-located, renovated, cash-flowing mixed-use asset in Bed-Stuy at $595/SF, producing a 6.63% cap rate on $226,000 of annual gross income, with both defensive characteristics (tax protection + residential income) and stable commercial occupancy.
-
Block & Lot:
01809-0041
-
Neighborhood:
Bedford-Stuyvesant
-
Cross Streets:
Quincy Street & Gates Avenue
-
Building Dimensions:
19.25 ft x 60 ft
-
Lot Dimensions:
19.25 ft x 81 ft
-
Units:
4
-
Total Approx. SF:
4,618
-
Zoning:
R6A, C2-4
-
FAR:
3.0
-
Tax Class:
2A
