Remarks

Welcome to this beautiful Mix-Use Corner Property with 4 stores, 2 apartments, and a car garage, in highly desirable Gravesend. This RARE INVESTMENT property produces over $110,000 net income, 5% CAP (projected 6%), and 10%+ annual gain including appreciation. VERY busy corner: N train minutes away and F train minutes away. CASH or 1031 buyer preferred. The building is approx. 20x 70(residential 1365 sqft; commercial 2100 sqft) on a lot approx. 20x 115. First floor - 4 Stores: Deli, Barber, Med Supply & Retail Tea, plus 15’ Garage. Second floor: 2 two-bedroom apartments. Store basement: semi-finished. Built in 1931; Zoned R5. Property tax: $20,700. This highly sought-after property is close to many schools, parks, restaurants, cafes, supermarkets, stores, shops and much more.

Details

MLS#: 482405
Price: $2,250,000

Style: Mixed Use
Sq Ft: 3465
Year Built: 1931

County: Kings (Brooklyn)
Tax Fee: 20667.00