Prime Mixed Use Investment Opportunity in Brooklyn.
436 New Lots Avenue
New York, NY 11207
Listing
| Web ID: | 5840426 |
|---|---|
| Website: | https://www.nestseekers.com/5840426 |
Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Bedrooms: | Studio |
| Lot Size: | 0.1 Acres |
Financials
Price:$1,390,000
Annual Taxes:$5,599.92
Description
Prime Mixed-Use Investment Opportunity in Brooklyn. One store + 2 Apartments.
Excellent opportunity to own a well-maintained mixed-use property in East New York, Brooklyn, featuring a ground-floor commercial space and two vacant residential apartments above.
The ground floor and basement are currently occupied by an operating nail salon, generating $3,200 per month in rental income, with approximately 3 years remaining on the lease.
The second floor features two separate vacant apartments: a front unit with 3 bedrooms and 1 full bathroom, and a rear unit with 2 bedrooms and 1 full bathroom.
The property 20 x 101 ft lot, approximately 20 x 50 ft building dimensions, R6/C1-3 zoning, and low annual property taxes of approximately $5,600.
With a projected investment return of approximately 6.5%, this property offers excellent potential for investors and owner-users alike. Enjoy existing commercial rental income while exploring additional residential rental opportunities.
A rare opportunity to combine commercial income, residential flexibility, and long-term investment potential in Brooklyn!
Amenities
- Electricity Connected
- Natural Gas Connected
- Other
- Sewer Connected
- Water Connected
Contact
Listing Courtesy of Chase Global Realty Corp