Remarks

HIGH PROFIT Mix-Use Corner Property with 4 stores, 2 apartments, and a Garage, in highly desirable Gravesend. This RARE INVESTMENT property produces

*OVER $150,000 yearly rental income; *OVER $116,000 NET INCOME*

*OVER 5% CAP (projected 6%) *

*10%+ annual gain with appreciation.* The building is 20× 105(residential 1365 sq ft; commercial 2100 sq ft) on a lot 20× 115.

First floor – 4 Stores: Deli, Barber Shop, Flower Shop, Office and Garage.

Second floor: 2 two-bedroom apartments.

Store basement: Full semi-finished.

Built in 1931; Zoned R5. Property tax $20,543. VERY busy corner – Right next to N train station and B3 Bus Stop. This highly sought-after property is close to many schools, parks, restaurants, cafes, supermarkets, stores, shops, and more.

2025 UPGRADES:

*tested LEAD-FREE!*

*New store floor and subfloor*

*Brick Repointed*

*ROOF waterproofed & Flashed* *Apartments painted*

*New apartment floor*

Details

MLS#: 492790
Price: $2,350,000

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

County: Kings (Brooklyn)
Tax Fee: 20543.00