467 Keap Street, Brooklyn, NY 11211

Property Description

Ten-story mixed-use elevator building built in 2009 29 residential lofts with 20' ceilings - all fully occupied (6 affordable units) 8,300 SF commercial unit with elevator - half recently leased for $14,000/month to a high end gym 3 levels of parking with 60 spots generating monthly income Potential to add 6,985 SF of parking on the second-floor roof Includes cellar storage and a loading dock 421a tax exemption in place until July 2038 Building measures 77,664 SF on a 96.08' x 183.33' lot Current gross annual income: $2,170,641. Current net annual income: ~$1,875,569. Legal residential rent roll: $1,401,975/year (as per 2025 DHCR) Projected total gross income with full commercial lease: ~$2,352,375. Actual cap rate with parking and lower level retail projections: 8.15%