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$2,750,000
Est. payment /mo
5,400 SqFt
UPDATED:
Key Details
Property Type Mixed Use
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,400 sqft
Price per Sqft $509
MLS Listing ID 500312
Year Built 1927
Annual Tax Amount $36,349
Property Sub-Type Mixed Use
Property Description
Presenting a rare opportunity to acquire a fully free-market, income-producing mixed-use property in the heart of Bensonhurst. This well-maintained building features five spacious residential units, each configured as 2-bedroom apartments, along with one ground-floor retail space, offering strong and diversified income potential.
Each residential unit is generously sized, providing comfortable layouts that appeal to long-term tenants. All apartments are free market, allowing for continued rental growth and flexibility. Tenants are responsible for their own heat, electricity, and cooking gas, significantly reducing owner expenses and increasing net operating income.
The property has been thoughtfully updated with brand new boilers and individual hot water heaters for each unit, ensuring efficiency, reliability, and reduced maintenance concerns for years to come.
With a gross cap rate of 6.3% and a net cap rate of 4.3%, this asset presents a solid return in one of Brooklyn's most established and high-demand neighborhoods.
Located on a busy corridor along 20th Avenue, the property benefits from excellent foot traffic, strong retail visibility, and convenient access to transportation, shopping, and dining—making it highly attractive for both residential and commercial tenants.
This property offers a compelling combination of stable income, upside potential, and prime Brooklyn location.
Each residential unit is generously sized, providing comfortable layouts that appeal to long-term tenants. All apartments are free market, allowing for continued rental growth and flexibility. Tenants are responsible for their own heat, electricity, and cooking gas, significantly reducing owner expenses and increasing net operating income.
The property has been thoughtfully updated with brand new boilers and individual hot water heaters for each unit, ensuring efficiency, reliability, and reduced maintenance concerns for years to come.
With a gross cap rate of 6.3% and a net cap rate of 4.3%, this asset presents a solid return in one of Brooklyn's most established and high-demand neighborhoods.
Located on a busy corridor along 20th Avenue, the property benefits from excellent foot traffic, strong retail visibility, and convenient access to transportation, shopping, and dining—making it highly attractive for both residential and commercial tenants.
This property offers a compelling combination of stable income, upside potential, and prime Brooklyn location.
Location
State NY
County Kings (brooklyn)
Area Bensonhurst
Zoning R5
Rooms
Basement Full, Unfinished
Interior
Interior Features Fire - Smoke Alarm, Kitchen, Living Space Available
Hot Water Gas, Other
Heating Gas, Other
Flooring Hardwood, Tile
Heat Source Gas, Other
Exterior
Exterior Feature Brick
Roof Type Asphalt/Tar,Flat,Other
Building
Story 3
Foundation Slab Concrete, Other
Others
Energy Description Gas,Other
Financing Bank Mortgage,Cash
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Listed by Real Broker NY LLC
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716