Brooklyns 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 6414 square feet with 3 stories , 23 feet by 93 feet long of fine colorful yellow brick and architecture & a 11 foot black entrance door door to residence entry. The residential units consist of FOUR 2 bedroom renovated apartments and a 1650 square foot first floor duplex featuring 3 bedrooms,2 full bathrooms,2 living rooms,2 kitchens, a home office ideal for the virtual business person. Commanding a 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 can be seen from a block away. Excellent Income of 5047. per month plus Sept 2026 the Real Estate tax of 25 % kicks in of the the current then R.E. tax to be paid by the store tenant.Store # 2 has a independent new store front currently a medical billing office on the side building. The current rent is 2912. which includes partial front half of basement . The rental income is 2912. per month.Currently the building income is 259,008. with expenses of approximately 38,000.. NOI 221,000.With moderate rent increases for next year 279,000. All tenants are only 2 persons per apartment….. Easily can offer much higher potential rental income with more # of individuals renting in the apartment.. 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.If you are an investor seeking a stable investment with dependable rents and low building maintenance this is your opportunity you wont want to miss .. Owner will consider holding some financing.
332 Kings Hwy
Brooklyn, New York, 11223, United States
- Robert S. Scaglione
- RE/MAX Edge
- View website
- (718) 612-3088
- (718) 612-3088
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