Remarks

The mixed-use corner building is a great investment opportunity. The building is fully occupied and boasts a great mix of income streams. On the second floor, there are three apartments which are all currently leased out. The ground floor is occupied by a store with a basement, which is also currently leased out. Additionally, there are three parking garage spaces available for tenants or customers.
The lot size for the building is 20x100, which offers a good amount of space for tenants and customers. The building has a CAP rate of 8+%, which is a good return on investment. However, there is also potential for the CAP rate to grow, which makes this an even more attractive investment opportunity.
Overall, the mixed-use corner building is a fully occupied investment opportunity that offers multiple income streams. With its great location and potential for growth, this property could be an excellent investment for the right buyer.

Details

MLS#: 477199
Price: $1,250,000

Style: Mixed Use
Sq Ft: 2830
Year Built: 1931

County: Kings (Brooklyn)
Tax Fee: 23000.00