649 Argyle Road

Investment Highlights Ariel Property Advisors is pleased to present 649 Argyle Road, a 21-unit mixed-use building located on the northeast corner of Argyle Road and Foster Avenue in Ditmas Park. The building stands four stories tall and encompasses approximately 18,150 gross square feet with 43’ of frontage on Foster Avenue and 109’ feet along Argyle Road. The 21 units in the building consist of 12 rent stabilized apartments, 7 free market apartments and 2 commercial stores. The residential apartments are all approximately 726 square feet for a total of approximately 13,612 square feet of residential space. The two commercial spaces total 1,500 square feet with an additional 200 SF in the cellar. The area is well served by public transportation with the B and Q subway lines only 3 blocks away. There are also bus routes nearby including the B68 and B8. 649 Argyle Road presents a great opportunity to acquire a strong cash flowing mixed-use building in the lovely neighborhood of Ditmas Park, Brooklyn. For more information about this property, please contact the exclusive agents listed below.