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$4,000,000
Est. payment /mo
6,417 SqFt
UPDATED:
Key Details
Property Type Mixed Use
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,417 sqft
Price per Sqft $623
MLS Listing ID 497478
Annual Tax Amount $27,000
Property Sub-Type Mixed Use
Property Description
Brooklyn's Best Corner Commercial Investment Building For Sale. Welcome to an exceptional income -producing opportunity in a Prime Bensonhurst location. This solid corner FREE MARKET brick property spans over 6414 square feet with 3 stories , 23 feet by 93 feet long of fine colorful yellow brick and architecture & a 11 foot black entrance door door to residence entry. The residential units consist of FOUR 2 bedroom renovated apartments and a 1650 square foot first floor duplex featuring 3 bedrooms,2 full bathrooms,2 living rooms,2 kitchens, a home office ideal for the virtual business person. Commanding a a premium rental income.
In Addition Store # 1 is a Prime Corner KINGS HIGHWAY Hair Salon with 20 feet front & 16 feet side windows exposure can be seen from a block away. Excellent Income of $5047. per month plus Sept 2026 the Real Estate tax of 25 % kicks in of the the current then R.E. tax to be paid by the store tenant.
Store # 2 has a independent new store front currently a medical billing office on the side building. The current rent is $2912. which includes partial front half of basement . The rental income is $ 2912. per month.
Currently the building income is $259,008. with expenses of approximately $38,000.. NOI $221,000.
With moderate rent increases for next year $279,000. All tenants are only 2 persons per apartment.....
Easily can offer much higher potential rental income with more # of individuals renting in the apartment..
The potential upside to building up 6-7 stories , zoning R7A-2 commercial inlay. To build Condos.
ALL Functional building equipment has been replaced in the past 5 years. New - Gas heating system,43 Windows, New EPDM roof, upgraded electric per apartment, hallway painted. , brick pointing, steam cleaning , outside concrete.
If you are an investor seeking a stable investment with dependable rents and low building maintenance this is your opportunity you won't want to miss .. Owner will consider holding some financing.
In Addition Store # 1 is a Prime Corner KINGS HIGHWAY Hair Salon with 20 feet front & 16 feet side windows exposure can be seen from a block away. Excellent Income of $5047. per month plus Sept 2026 the Real Estate tax of 25 % kicks in of the the current then R.E. tax to be paid by the store tenant.
Store # 2 has a independent new store front currently a medical billing office on the side building. The current rent is $2912. which includes partial front half of basement . The rental income is $ 2912. per month.
Currently the building income is $259,008. with expenses of approximately $38,000.. NOI $221,000.
With moderate rent increases for next year $279,000. All tenants are only 2 persons per apartment.....
Easily can offer much higher potential rental income with more # of individuals renting in the apartment..
The potential upside to building up 6-7 stories , zoning R7A-2 commercial inlay. To build Condos.
ALL Functional building equipment has been replaced in the past 5 years. New - Gas heating system,43 Windows, New EPDM roof, upgraded electric per apartment, hallway painted. , brick pointing, steam cleaning , outside concrete.
If you are an investor seeking a stable investment with dependable rents and low building maintenance this is your opportunity you won't want to miss .. Owner will consider holding some financing.
Location
State NY
County Kings (brooklyn)
Area Bensonhurst
Zoning R-7a C2
Rooms
Basement Finished
Interior
Interior Features Heated
Hot Water Gas
Heating Gas
Flooring Ceramic, Hardwood, Parquet
Equipment All equipment has been upgraded in the past 5 years.
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat,Other
Building
Story 3
Foundation Block
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash,Owner
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Listed by RE/MAX Edge
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716