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$2,260,000
Est. payment /mo
3,960 SqFt
UPDATED:
Key Details
Property Type Mixed Use
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,960 sqft
Price per Sqft $570
MLS Listing ID 503790
Year Built 1931
Annual Tax Amount $7,283
Lot Dimensions 18.17 x 100
Property Sub-Type Mixed Use
Property Description
Prime Sunset Park location! Excellent mixed-use investment property featuring 1 commercial store + 2 residential units, offering strong income and exceptional investment potential. Currently generating $13,825/month in gross rental income, with a 7%+ return based on the current asking price and stated operating expense structure. The 1st-floor commercial space is currently leased at $8,100/month through April 2027, with the option to renew or occupy for your own business. The 2nd-floor unit rents for $2,800/month and the 3rd-floor unit for $2,925/month; both are currently delivered without leases, providing flexibility for investors or owner-users. Tenants are responsible for all operating expenses, including heat, hot water, real estate taxes and water charges. The heating and hot-water systems are separated, making management and expense control easier. The property is zoned R7A/C2-4, offering attractive potential for future expansion and additional development. Located on busy 4th Avenue with excellent visibility and heavy pedestrian and vehicular traffic. The R subway station is just minutes away, with multiple bus routes nearby. Surrounded by shops, banks, schools, restaurants and a wide variety of services, this high-density, vibrant Sunset Park community continues to benefit from ongoing development and population growth. A rare opportunity combining strong current income, low owner expenses, flexible occupancy options and future development potential. Motivated seller welcomes serious offers. Don't miss this excellent Sunset Park investment opportunity!
Location
State NY
County Kings (brooklyn)
Area Sunset Park
Zoning R7A - C2-4
Rooms
Basement Full
Interior
Interior Features Heated, Kitchen, Other
Hot Water Gas
Heating Gas
Flooring Other
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Handicap Access No
Building
Story 3
Foundation Slab Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by Re/Max Real Estate Professiona
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716