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Commercial Sale in Brooklyn, New York, Brooklyn, NY 11223 | Web ID: 979554 | $3,999,000

 
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Property Description

Brooklyn's Best Corner Commercial Investment Building For Sale. Welcome To An Exceptional Income-producing Opportunity In A Prime Bensonhurst Location. This Solid Corner Free Market Brick Property Spans Over 6, 414 Square Feet With 3 Stories, 23 Feet By 93 Feet Long Of Fine Colorful Yellow Brick And Architecture & An 11-foot Black Entrance Door To Residence Entry. The Residential Units Consist Of Four 2-bedroom Renovated Apartments And A 1, 650 Square Foot First Floor Duplex Featuring 3 Bedrooms, 2 Full Bathrooms, 2 Living Rooms, 2 Kitchens, A Home Office Ideal For A Virtual Businessperson. Commanding A Premium Rental Income. In Addition, Store #1 Is A Prime Corner Kings Highway Hair Salon With 20 Feet Front & 16 Feet Side Windows Exposure. Excellent Income Of $5, 047 Per Month Plus Sept 2026 The Real Estate Tax Of 25% Kicks In Of The Current Then R.e. Tax To Be Paid By The Store Tenant. Store #2 Has An Independent New Storefront Currently A Medical Billing Office On The Side Building. The Current Rent Is $2, 912, Which Includes Partial Front Half Of Basement. The Rental Income Is $2, 912 Per Month. Currently The Building Income Is $259, 008 With Expenses Of Approximately $38, 000. Noi $219, 008. With Moderate Rent Increases For Next Year $279, 000. Easily Can Offer Much Higher Potential Rental Income With More Individuals Renting In The Apartments. The Potential Upside To Building Up 6-7 Stories, Zoning R7a-2 Commercial Inlay. To Build Condos. All Functional Building Equipment Has Been Replaced In The Past 5 Years. New - Gas Heating System, 43 Windows, New Epdm Roof, Upgraded Electric Per Apartment, Hallway Painted, Brick Pointing, Steam Cleaning, Outside Concrete. For Investors Seeking A Stable Investment With Dependable Rents And Low Building Maintenance, This Is An Opportunity Worth Considering. Owner Will Consider Holding Some Financing.

Property Information

Location/Town New York
Area/County Brooklyn
Post Office/Postal City Brooklyn
Prop. Type Commercial Sale
Tax $27,000.00
# Stories 3
Year Built 1936
Basement Finished, Full
Construction Block, Brick
Total Units 5
Cooling None
Heat Source Natural Gas
Util Incl See Remarks
Days On Market 2
Parking Features None
Units 5
Listing information courtesy of: RE/MAX Edge

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Fax: 718-896-7020

 

 

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