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Property Description

A magnificent newly renovated brick mixed-use property, fully redone from top to bottom, showcasing two prime commercial stores and four elegant residential units. Each residence is equipped with independent heat and hot water systems, allowing tenants to cover their own utilities and ensuring maximum efficiency for the owner. With a building size of 21 80 ft and a lot size of 21 90 ft, this impressive property also features a private garage and parking for two vehicles, along with brand-new plumbing and electrical systems that deliver both luxury and durability. Generating an annual gross income of 308,000 with minimal expenses of 38,633, the property achieves a strong net operating income of 269,537 and offers an outstanding cap rate. Ideally situated in a sought-after Brooklyn neighborhood celebrated for its vibrant shopping corridors, excellent schools, and convenient transportation, this is a rare opportunity to acquire a turnkey trophy investment with enduring value.

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Additional Info
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122 Avenue T

Brooklyn, New York, 11223, United States

0.04 Sqft
$3,500,000
Listing ID #1945860
Basic Details
Property Type : Residential
Listing Type : Active
Listing ID : 1945860
Ref ID : 495971
Price : $3,500,000
Lot Area : 0.04 Sqft
MLS : 495971
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