108 Troutman Street – Prime Mixed-Use Opportunity in Bushwick
Asking Price: $1,999,999 | Projected Cap Rate: 6.93% | Delivered Vacant
Welcome to 108 Troutman Street, a rare opportunity to acquire a fully vacant, mixed-use building in the heart of Bushwick, one of Brooklyn’s most vibrant and fastest-growing neighborhoods.
This three-story brick walk-up with basement spans approximately 4,695 SF on a 3,894 SF R6-zoned lot, offering exceptional flexibility and income potential. The building features:
• One ground-floor commercial unit (approx. 1,380 SF), currently occupied by a house of worship
• Four full-floor residential units (approx. 830 SF each), delivered vacant
• Clean basement with mechanicals in place, including a gas-fired boiler
• no leases – a clean slate for repositioning
With a projected rent roll of $192,300 and estimated expenses of $53,644, this property is expected to generate a net operating income of $138,656, yielding a projected cap rate of 6.93%.
Located just minutes from the J/M/Z trains, 108 Troutman is surrounded by cafés, galleries, creative workspaces, and neighborhood favorites like Roberta’s and Maria Hernandez Park. Whether you’re an investor seeking cash flow or a developer exploring value-add strategies, this property offers the scale and freedom to execute your vision.
Disclaimer: All information, including but not limited to square footage, zoning, rent roll projections, and stabilization status is not guaranteed. Buyers are advised to conduct their own due diligence and consult with their attorney, architect, and other appropriate professionals to independently verify all details.
Active
$1,999,999
108 Troutman St, Brooklyn, NY 11206
--beds
4,695sqft
Multi Family
Built in 1931
-- sqft lot
$1,947,400 Zestimate®
$426/sqft
$-- HOA
What's special
Ground-floor commercial unitClean basementFull-floor residential unitsThree-story brick walk-upGas-fired boilerMechanicals in place
- 72 days
- on Zillow |
- 140 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: May 09, 2025 at 06:13pm
Listing by:
Brooklyn Consulate LLC 646-706-9305,
Mark Mallek
Source: StreetEasy,MLS#: S1764783
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
- Full bathrooms: 1
Interior area
- Total structure area: 4,695
- Total interior livable area: 4,695 sqft
Property
Details
- Parcel number: 031840016
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1931
Community & HOA
Community
- Subdivision: Bushwick
HOA
- Services included: Maintenance
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $426/sqft
- Tax assessed value: $1,113,600
- Annual tax amount: $10,116
- Date on market: 4/10/2025
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