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$2,980,000
Est. payment /mo
3,265 SqFt
UPDATED:
Key Details
Property Type Mixed Use
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,265 sqft
Price per Sqft $912
MLS Listing ID 505652
Annual Tax Amount $30,000
Property Sub-Type Mixed Use
Property Description
INVESTOR ALERT – Prime Mixed-Use Building on Brooklyn's bustling 5th Avenue!
This well-maintained 2-store + 4-family property sits in the heart of Sunset Park's busiest commercial corridor, surrounded by heavy foot traffic, shops, restaurants, and transit. The two ground-floor stores are occupied by a pharmacy and a medical clinic – both long-standing, stable tenants providing reliable commercial income.
Each of the four residential units features 2 bedrooms and 1 bathroom, separately metered with 6 electric meters and 6 gas meters, and tenants pay their own gas and electric – keeping landlord expenses low.
Three residential units can be delivered vacant, offering immediate upside and flexibility, while the remaining unit is leased at $1,900/month with one year remaining. Projected market rents of $240,000 per year yield a strong 6.5% pro forma cap rate.
A rare opportunity to own a high-traffic, income-producing asset in one of Brooklyn's most vibrant neighborhoods – ideal for investors and 1031 buyers.
This well-maintained 2-store + 4-family property sits in the heart of Sunset Park's busiest commercial corridor, surrounded by heavy foot traffic, shops, restaurants, and transit. The two ground-floor stores are occupied by a pharmacy and a medical clinic – both long-standing, stable tenants providing reliable commercial income.
Each of the four residential units features 2 bedrooms and 1 bathroom, separately metered with 6 electric meters and 6 gas meters, and tenants pay their own gas and electric – keeping landlord expenses low.
Three residential units can be delivered vacant, offering immediate upside and flexibility, while the remaining unit is leased at $1,900/month with one year remaining. Projected market rents of $240,000 per year yield a strong 6.5% pro forma cap rate.
A rare opportunity to own a high-traffic, income-producing asset in one of Brooklyn's most vibrant neighborhoods – ideal for investors and 1031 buyers.
Location
State NY
County Kings (brooklyn)
Area Sunset Park
Rooms
Basement Full, Unfinished
Interior
Interior Features None
Hot Water Gas
Heating Electric, Gas
Flooring Tile, Other
Heat Source Electric, Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Foundation Block
Others
Energy Description Electric,Gas
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by RE/MAX Edge
NEARBY SCHOOL & BUSINESS
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