Remarks

Located in one of the most booming neighborhoods in Brooklyn, Bath Beach, this cash-producing mixed-use property just hit the market for the first time in decades. 1 store, 5 families, no rent stabilizer, regular market rent, and all good tenants. The building size is 22×82, and the lot size is 21.67×100. The store is currently leased and runs as a barbershop, and four families are all in spacious 1-bedroom units. The owner's apartment is a duplex with two beds, two full baths, and kitchens. The gross rental income is approximately $144000 per year, and insurance is $4000 per year. All units are in great condition, and most of them were renovated in the past few years,2 years new roof. very convenient location; D train station is a few blocks away; 86th Street commercial district; and easy access to Belt PKWY. possible full procession at closing!

Details

MLS#: 480017
Price: $2,178,000

Style: Mixed Use
Year Built: 1945

County: Kings (Brooklyn)
Lot Size: 5358