1663 10TH Avenue, New York City, NY 11215
Listing Courtesy of Corcoran Group
$3,000,000
Potential Rebate: $45,000
Overview
MIXED USE BUILDING WITH HIGH CAP RATE, IN VERY DESIRABLE WINDSOR TERRACE LOCATION! <br> Architect-Inspired Floorplan Options Included With Property Listings -- to Maximize Cap Rate!<br> <br> SHOWING BY APPT: Welcome to 1663 10th Avenue, a versatile and income-generating property located in the heart of Windsor Terrace, one of Brooklyn's most desirable and family-friendly neighborhoods. This outstanding three-story building offers an Excellent Investment Opportunity for Both Investors and End-Users Alike, featuring a mixed-use layout with two generously-sized residential units and a commercial space, all separately metered for utilities. Located on a very quiet, tree-lined street, 4 blocks from Prospect Park, 3 blocks to F/G trains, and 1 block to P.S. 154. Owned by the same family for almost 60 years, this cherished home has been very well maintained.<br> <br> The ground floor commercial unit has a separate entrance, and is currently leased to a quiet, well-established and long-standing dental office, with a robust lease in place, providing stable and predictable income for years to come. This long-term tenant adds significant value to the property, making it an ideal choice for buyers seeking a low-maintenance investment with immediate returns. The space is well-maintained and professionally operated. A full basement and backyard or dedicated to owner's usage, and can be maximized for additional income.<br> <br> 11-foot lobby ceilings usher you into the two residential units of the building. Each unit provides almost 1,000 sq. ft. of living space, 2- & 3-bedroom layouts, with open kitchens, separate dining areas, walk-in closets, and 1 bathroom. Hardwood floors run throughout, and handsome woodwork frames the windows and doorways. All units are updated with split A/C units. 9 1/2-foot ceilings on the second floor, and almost 9-foot ceilings on the third floor, along with oversized windows, offer picturesque views of 10th Avenue from the front of the building & expansive New York Harbor views in the back of the building. Keep the rental units as is, or update to maximize monthly income.<br> <br> The 2nd floor residential unit is currently rented below market value, with a lease through December 2026. This presents a future opportunity to increase rental income. The top floor unit is vacant, offering flexibility for a new tenant or owner-occupant. Whether you're looking to live in one unit while collecting rent from the others, or fully lease out the building for maximum returns, the configuration supports a variety of strategies. <br> <br> MAXIMIZE RENTAL INCOME & INCREASE CAP RATES SUBSTANTIALLY WITH SOME UPDATES...<br> The 2nd Floor, Floorplan Option Offers a Reconfigured 2 Bedroom, 2 Full Bathroom Plan, with Private Deck, Laundry In-Unit, Full Use of Basement, and Backyard. <br> The 3rd Floor is Redesigned to Include 2 Bedrooms, 2 Full Baths, and a Private Deck, and Laundry In-Unit.<br> The Two Residential Units Can Also Be Combined and Reimagined As An OWNER'S DUPLEX, with Monthly Passive Income From Dentist Office.<br> <br> Situated in the heart of Windsor Terrace, 1663 10th Avenue offers a highly sought-after location. This tranquil and charming neighborhood, along with the conveniences that it offers, appeals to both investors and owners. The block and neighborhood feature like-kind, three story buildings, that maintain the neighborhood's allure. This location provides easy access to trains, the Prospect Expressway, and multiple city bus lines. Terrific shopping, dining and entertainment at your fingertips. Enjoy Windsor Terraces many cafes, and ever-growing restaurant and nightlife scene, and Prospect Parks Farmers Market on Wednesdays & Sundays.<br> <br> This turnkey property's high cap rate, its prime location, stable commercial lease, and potential for rental income growth, make 1663 10th Avenue a compelling opportunity for those looking to invest in Brooklyn real estate, or establish a live/work lifestyle in a vibrant community! <br> <br> Building set-up available upon request.<br>
Home Features
- •Dual
- •In Unit
- •Private Outdoor Space Over 60 Sqft
- •Smoke Free
Estimated Monthly Payment
$15,704 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$45,000
Monthly savings impact
$125/mo
Effective Purchase Price
$2,955,000
(Home Price - Estimated Rebate)
💡 Estimated rebate from our commission
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).
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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20047750
RLS at REBNY
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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20047750
RLS at REBNY
Price Analysis
Compare average listing prices and value metrics for 1663 10TH Avenue against the surrounding Windsor Terrace market.
Average List Price
Price Per SqFt
155.12% Higher
than the Windsor Terrace price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Windsor Terrace.
