New York, NY 11222

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.0 Acres

Financials

Price:$3,490,000
Annual Taxes:$67,143.88
578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Real Broker NY LLC

Located in a vibrant commercial corridor, 941 Manhattan Avenue presents an opportunity to acquire a mixed use asset with plenty of space for significant rent growth and value add potential.

Description

Located in a vibrant commercial corridor, 941 Manhattan Avenue presents an opportunity to acquire a mixed use asset with plenty of space for significant rent growth and value add potential. 4 residential free-market units, all functional two bedroom layouts (approx 688 sq feet) with natural light and sizeable bedrooms. With current rents offering market rate appreciation, increase rents as is or make minor cosmetic changes to maximize your ROI. All four residential units are free-market and not subject to rent stabilization, offering full flexibility for rent increases and repositioning The ground floor features a high visibility store front currently operating as a popular restaurant. Great foot traffic, near public transportation, and surrounded by trendy boutiques and eateries. 941 Manhattan Avenue is Situated steps from the Greenpoint Ave G train and close to the East River Ferry. We have a full P&L and expense breakdown for qualified buyers. This property is ready for an investor who recognizes the value of location and is ready to make small changes that will lead to large profits.

Amenities

  • Electricity Available
  • Natural Gas Available

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.