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Single Family House for Sale in Brooklyn, New York, Brooklyn, NY 11207 | Web ID: 987131 | $1,350,000

 
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Property Description

Live. Work. Earn. Repeat. This Is The Kind Of Opportunity That Rarely Hits The Market—a High-income Producing Mixed-use Property Designed For Both Savvy Investors And Ambitious Business Owners Ready To Control Their Future. This Fully Electric Building Features Two Residential Units Plus A Prime Storefront, Creating Multiple Income Streams Under One Roof. The Front Unit Offers A Duplex Layout With A Finished Basement, Making It The Perfect Live/work Setup—run Your Business Downstairs While Enjoying Private Living Space Above Or Below. The Rear Of The First Floor Includes A Spacious One-bedroom, And The Top Floor Delivers A High-demand Four-bedroom Unit. The Numbers Speak For Themselves: $5, 000/month (storefront Potential) $4, 000/month (4-bedroom Unit) $2, 800/month (1-bedroom Unit) That’s Over $140, 000/year In Projected Gross Income—with Extremely Low Expenses. Even Better? The Property Is 100% Electric, Meaning Tenants Pay Their Own Heat, Hot Water, And Electricity, Dramatically Reducing Landlord Overhead And Boosting Your Net Returns. With Property Taxes At Just ~$2, 243/year (virtually Unheard Of For Mixed-use In Brooklyn), Plus Minimal Operating Expenses, This Asset Delivers An Estimated 9.7% Cap Rate At A $1.35m Purchase Price. There’s More—additional Upside Exists With A Separate Basement Section Ready To Be Monetized For Storage Or Coin-operated Laundry, Adding Even More Cash Flow. Now Here’s Where It Gets Exciting… This Property May Qualify For Fha Financing For Owner-occupants, Meaning A Qualified Buyer Can Potentially Purchase With As Little As 3.5% Down. If You’re A Business Owner, This Is Your Chance To: ? Own Your Storefront Instead Of Renting ? Live In The Property ? Collect Rental Income From The Other Units To Offset Your Mortgage It’s Not Just A Purchase—it’s A Wealth-building Machine. Located In A Rapidly Growing Brooklyn Corridor With Strong Foot Traffic, Accessibility, And Ongoing Development, This Is A Rare Chance To Secure A Cash-flowing Asset With Built-in Lifestyle Flexibility. Whether You’re An Investor Chasing Yield Or An Entrepreneur Ready To Own Your Space—this Deal Checks Every Box.

Property Information

Location/Town New York
Area/County Brooklyn
Post Office/Postal City Brooklyn
Prop. Type Single Family House for Sale
Tax $2,243.00
Year Built 1935
Basement Finished
Construction Brick
Total Units 3
Lot SqFt 1,497
Cooling Ductless, Wall/Window Unit(s)
Heat Source Electric
Util Incl Electricity Available, Electricity Connected
Days On Market 6
Parking Features None
Tax Assessed Value 43320
Units 3
Features First floor bedroom
Listing information courtesy of: Instahomes Realty LLC

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