6903 8th AVE, Brooklyn, NY 11228
6903 8th AVE, Brooklyn, NY 11228
6903 8th AVE, Brooklyn, NY 11228
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Randy Reis

Randy Reis

+1(917) 336-1118
$1,690,000
Est. payment /mo
2,000 SqFt
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UPDATED:

Key Details

Property Type Mixed Use

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $845

MLS Listing ID 504515

Year Built 1928

Annual Tax Amount $7,448

Property Sub-Type Mixed Use

Property Description

Excellent Investment Opportunity on Prime 8th Avenue! This attached mixed-use 1-family property offers stable cash flow and long-term leases, making it an attractive investment opportunity. The property features a 20' × 50' building on a 20' × 60' lot with annual property taxes of $7,448. The 1st floor and finished basement are currently leased to an established hair salon at $2,300/month, with the lease secured through 2029. The commercial tenant is responsible for its own utilities, including water, electricity, gas, and heating, and also pays 30% of the property taxes. The 2nd-floor residential apartment features 3 bedrooms and 1 full bathroom and will be delivered vacant, providing flexibility for an owner-user or an investor looking to establish their own rental income. The property currently generates $2,300/month in rental income from the commercial space, or $27,600 in annual gross rental income, while the vacant 2nd floor offers additional income potential. A compelling opportunity for investors seeking dependable rental income and long-term occupancy in a prime 8th Avenue location.

Location

State NY

County Kings (brooklyn)

Area Bay Ridge

Zoning R5B

Rooms

Basement Finished, Full

Interior

Interior Features None

Hot Water Gas

Heating Gas

Flooring Hardwood, Tile

Heat Source Gas

Exterior

Exterior Feature Brick

Roof Type Flat

Building

Story 2

Foundation Poured Concrete

Others

Energy Description Gas

Financing Bank Mortgage,Cash

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Listed by Tiger Realty

NEARBY SCHOOL & BUSINESS

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Randy Reis

Randy Reis

+1(917) 336-1118

Team Leader License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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