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Commercial Sale in Brooklyn, New York, Brooklyn, NY 11224 | Web ID: 833912 | $2,500,000

 
Commercial Sale in New York - 16th  Brooklyn, NY 11224Commercial Sale 16th  Brooklyn, NY 11224, MLS-833912-2Commercial Sale 16th  Brooklyn, NY 11224, MLS-833912-3
 

Property Description

This Prime Investment Opportunity In Coney Island Features A High-potential Mixed-use Property With A Warehouse And Three Residential Units On A 60’ X 119’ Lot (m1-2 Zoning), Allowing For Various Commercial And Industrial Uses With Potential Future Zoning Changes. The Warehouse Generates $5, 000/month (month-to-month, No Lease), While The Residential Units Bring In Additional Rental Income: A Two-bedroom Apartment At $2, 000/month And Two Three-bedroom Apartments At $2, 500/month Each. With Low Property Taxes Of $6, 670 Per Year And An Estimated 5% Cap Rate, This Property Offers Strong Investment Potential. Ideally Located Near Home Depot, Raymour & Flanigan, Best Buy, And Key Commercial Hubs, It Also Provides Convenient Access To Public Transportation Via The N, D, F, And Q Subway Lines And Quick Entry To The Belt Parkway. Perfect For Investors Or Owner-operators, This Property Allows For Stable Rental Income While Utilizing Or Leasing The Warehouse. With Ongoing Zoning Changes And Potential For Increased Floor Area Ratio (far), There May Be Future Opportunities For Vertical Expansion And Redevelopment. Don't Miss This Rare Chance To Acquire A High-yield Investment In A Growing Area.

Property Information

Location/Town New York
Area/County Brooklyn
Post Office/Postal City Brooklyn
Prop. Type Commercial Sale
Tax $6,670.00
Year Built 1925
Basement Finished, Full
Construction Brick
Lot SqFt 7,125
Cooling None
Heat Source Natural Gas
Util Incl See Remarks
Days On Market 1
Tax Assessed Value 59160
Listing information courtesy of: RE/MAX Edge

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