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$3,899,000
Est. payment /mo
6,700 SqFt
UPDATED:
Key Details
Property Type Mixed Use
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,700 sqft
Price per Sqft $581
MLS Listing ID 504508
Year Built 1931
Annual Tax Amount $41,975
Property Sub-Type Mixed Use
Property Description
Excellent income-producing mixed-use property featuring 4 residential family units and 2 storefronts in a desirable Brooklyn location. This property offers multiple income streams with strong rental potential, making it an excellent opportunity for investors seeking immediate cash flow and long-term appreciation.
The combination of residential and commercial spaces provides flexibility and stability, while the storefronts offer valuable street-level exposure for businesses. A great addition to any investment portfolio with strong income potential and significant upside.
The property consists of a deli and a restaurant on the first floor. There are two - 2 bedrooms apt and one 3 bedrooms along with an one bedroom apt. These 4 units have a rent increment for $200 per month in every Sept, the deli has a rent increment for $175 per month in every July and the restaurant also has a rent increment for $150 per month in every April.
The cap rate is 4.4 %
Don't miss this opportunity to own a versatile Brooklyn mixed-use property with excellent income potential.
The combination of residential and commercial spaces provides flexibility and stability, while the storefronts offer valuable street-level exposure for businesses. A great addition to any investment portfolio with strong income potential and significant upside.
The property consists of a deli and a restaurant on the first floor. There are two - 2 bedrooms apt and one 3 bedrooms along with an one bedroom apt. These 4 units have a rent increment for $200 per month in every Sept, the deli has a rent increment for $175 per month in every July and the restaurant also has a rent increment for $150 per month in every April.
The cap rate is 4.4 %
Don't miss this opportunity to own a versatile Brooklyn mixed-use property with excellent income potential.
Location
State NY
County Kings (brooklyn)
Area Gravesend
Zoning R7A
Rooms
Basement Full, Unfinished
Interior
Interior Features None
Hot Water Hot Water Coil in Boiler
Heating Oil
Flooring Other
Heat Source Oil
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 3
Foundation Poured Concrete
Others
Energy Description Oil
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by Ashford Homes LLC
NEARBY SCHOOL & BUSINESS
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