New York, NY 11210

Property

Ownership: For Sale
Type: mixed-use
Bedrooms: Studio
Pets: No Pets Allowed
Lot Size: 0.05 Acres

Financials

Price:$850,000
Annual Taxes:$6,843
Listing Courtesy of YourHomeSold Guaranteed Realty

This well located 3 unit building offers strong income with built in upside.

Description

This well-located 3-unit building offers strong income with built-in upside. The first floor is leased to a long-standing ophthalmologist practice with eyewear sales, generating $2,700/month. The third floor is a two-bedroom, one-bath apartment currently rented for $1,400/month. The second floor, also a two-bedroom, one-bath, will be delivered vacant perfect for owner-occupancy or new rental income. This property sits on a busy stretch of Nostrand Avenue, offering excellent visibility and consistent traffic. With tenants already in place and one unit available, it’s a rare opportunity for both investors and buyers looking to live upstairs while collecting rent. Even better, the property qualifies for an FHA 203K Rehabilitation Loan, allowing owner-occupants to finance both purchase and renovations in one package. This is a turnkey investment with future growth potential. Selling with tenants in place.

Long Island MLS

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.