Property
| Ownership: | For Sale |
|---|---|
| Type: | mixed-use |
| Bedrooms: | Studio |
| Pets: | No Pets Allowed |
| Lot Size: | 0.04 Acres |
Financials
Listing Courtesy of RE/MAX Edge
Excellent opportunity for investors to own a semi attached corner mixed use property located in the East Flatbush section of Brooklyn.
- View of building exterior
- View of front facade
- Gate with a fenced front yard
- View of apartment building / complex
- Foyer entrance featuring stairs, wainscoting, and dark tile patterned flooring
- Staircase with hardwood / wood-style flooring and baseboards
- Spare room featuring plenty of natural light and dark wood-style flooring
- Corridor featuring dark wood finished floors and healthy amount of natural light
Description
Excellent opportunity for investors to own a semi-attached corner mixed-use property located in the East Flatbush section of Brooklyn. The building is in good condition and fully occupied, offering a stable and high-income investment. Property features include: • One commercial store on the ground floor • Five residential apartments (all rented) • Garage in the rear for additional income The property produces a gross annual income of $162,288 with gross expenses of $19,898, offering a net income of approximately $142,390. This results in a strong cap rate, making it an attractive investment for buyers seeking steady cash flow and long-term value growth. Located on a visible corner with excellent foot and vehicle traffic, close to public transportation, schools, and shopping.

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.