241 Blake Ave

• Recently Renovated, Vacant Residential Units: Both 3-bedroom/1-bath apartments above the retail space are vacant and recently renovated, allowing a buyer to immediately lease at full market rent or move in without any capital improvements.
• Exceptionally Low Tax Basis: Designated Tax Class 1, the property carries just $3,929 in annual real estate taxes — among the lowest tax burdens available for a mixed-use asset of this size, preserving cash flow for ownership.
• Owner-User / Live-Work Opportunity: With both renovated residential units above the retail space vacant, an owner-user can occupy one or both 3-bedroom apartments while collecting in-place retail income at street level.
• Section 8 / Affordable Housing Candidate: The vacant, renovated unit configuration and East New York location make this property well-suited for an investor targeting Section 8 or other affordable housing programs, which often command above-market rents with reliable, subsidized income.
• Emerging East New York Submarket: Located at the corner of Chester Street and Blake Avenue, the property sits in a rapidly evolving section of Brooklyn that continues to see rising rents and investor interest as redevelopment activity increases throughout the corridor