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$3,680,000
Est. payment /mo
1,640 SqFt
UPDATED:
Key Details
Property Type Mixed Use
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,640 sqft
Price per Sqft $2,243
MLS Listing ID 501915
Property Sub-Type Mixed Use
Property Description
Fully renovated mixed-use building with strong cash flow and minimal owner expenses!
Ground floor & basement leased to a large restaurant with multiple private dining rooms. Restaurant rent: $15,000/month Tenant pays all water bills and 50% of property taxes. Two residential apartments on the 2nd floor, each renting for $3,000/month, Approximately $250,000 annual rental income
3% annual rent increases built into the lease
Owner only pays 50% of property taxes and insurance
A rare investment opportunity offering stable income, low management, and long-term growth potential.
Don't miss this exceptional Brooklyn investment property!
Ground floor & basement leased to a large restaurant with multiple private dining rooms. Restaurant rent: $15,000/month Tenant pays all water bills and 50% of property taxes. Two residential apartments on the 2nd floor, each renting for $3,000/month, Approximately $250,000 annual rental income
3% annual rent increases built into the lease
Owner only pays 50% of property taxes and insurance
A rare investment opportunity offering stable income, low management, and long-term growth potential.
Don't miss this exceptional Brooklyn investment property!
Location
State NY
County Kings (brooklyn)
Area Sunset Park
Rooms
Basement Finished, Walk-in
Interior
Interior Features Fire - Smoke Alarm, Fire Sprinkler, Heated, Intercom, Kitchen, Lobby, Restrooms - Public
Hot Water Gas
Heating Gas
Flooring Ceramic, Hardwood
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Foundation Block
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by RE/MAX Edge
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716