182 Avenue S, Brooklyn, New York, 11223

182 Avenue S
Brooklyn NY 11223

Cross street:West 7th Street

Building

Type:Low-rise
Era:Post-war
Floors:2

Property

Ownership: Mixed Use
Rooms: 10
Bedrooms: Studio
Pets: Pets Unknown

Financials

Price: $1,399,000
578 Driggs Avenue Brooklyn, NY 11211
Courtesy of Elliman

Description

Welcome to 182 Avenue S in the Gravesend section of Brooklyn. This Mixed Use building offers 2 spacious apartments, and a ground level store with access to a full basement. The store is currently occupied by a car service business, while the basement runs the full length of the building and is perfect for storage. There is access to the basement from the 1st floor hallway and from the front of the building. The 1st floor apartment located behind the store offers a kitchen, a full bathroom, 2 spacious bedrooms, a large living room, and access to the backyard. The top floor apartment is super spacious offering 3-4 bedrooms, a large living room, a kitchen, a full bathroom, and access to a covered rear terrace. Both apartments have long term tenants who are paying below market value rent. Potential Cap Rate of 4.5% with increases to market rent on residential units. Landlord responsible for water, heat, and hallway lighting. Owner ready to hear offers

Amenities

  • Air Conditioning
  • Gas
  • Voice Intercom
  • Walk-up

Neighborhood

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Welcome to 182 Avenue S in the Gravesend section of Brooklyn.

Description

Welcome to 182 Avenue S in the Gravesend section of Brooklyn. This Mixed Use building offers 2 spacious apartments, and a ground level store with access to a full basement. The store is currently occupied by a car service business, while the basement runs the full length of the building and is perfect for storage. There is access to the basement from the 1st floor hallway and from the front of the building. The 1st floor apartment located behind the store offers a kitchen, a full bathroom, 2 spacious bedrooms, a large living room, and access to the backyard. The top floor apartment is super spacious offering 3-4 bedrooms, a large living room, a kitchen, a full bathroom, and access to a covered rear terrace. Both apartments have long term tenants who are paying below market value rent. Potential Cap Rate of 4.5% with increases to market rent on residential units. Landlord responsible for water, heat, and hallway lighting. Owner ready to hear offers

Amenities

  • Air Conditioning
  • Gas
  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.