This meticulously maintained investment property consists of 2 completely updated corner mixed-use brick buildings totaling 7,150 SF including the basements used by commercial tenants (Price per SF $360) with 3 Storefronts and 4 Residential Apartments.
The buildings are in excellent condition with updated electric systems, new Boilers, W/H, windows, rubber roofs, kitchen cabinets, granite counter-tops, appliances, and so on.
The property is located on the corner of a busy commercial avenue in Prime Homecrest / Sheepshead Bay area of South Brooklyn steps away from all the public transportation - 2 blocks to Neck Rd Subway Station, shopping, schools, parks, restaurants and places of worship.
This property is an excellent choice for the owner-user or savvy investor.
Current Gross Annual Income (GAI) $166,123, Total annual expenses $18,799, Net Operational Income (NOI) $147,324. Cap Rate is 5.7%.
Offered by Broker/Owner.
Detailed Offering Memorandum is attached for your review
Courtesy of City Express Realty Llc
We received your Showing Request.
Feel free to call 718-954-8401 for immediate assistance.