A magnificent newly renovated brick mixed-use property, fully redone from top to bottom, showcasing two prime commercial stores and four elegant residential units. Each residence is equipped with independent heat and hot water systems, allowing tenants to cover their own utilities and ensuring maximum efficiency for the owner. With a building size of 21 Ã? 80 ft and a lot size of 21 Ã? 90 ft, this impressive property also features a private garage and parking for two vehicles, along with brand-new plumbing and electrical systems that deliver both luxury and durability. Generating an annual gross income of $308,000 with minimal expenses of $38,633, the property achieves a strong net operating income of $269,537 and offers an outstanding cap rate. Ideally situated in a sought-after Brooklyn neighborhood celebrated for its vibrant shopping corridors, excellent schools, and convenient transportation, this is a rare opportunity to acquire a turnkey trophy investment with enduring value.
Details:
Families:
4
Property Type:
Mixed Use
Financials:
Price:
$3,500,000
RE/MAX Edge Zaiyou (joe) Zhu Office: (718)612-3088
provided by Brooklyn NY MLS
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