Prime Sunset Park Mixed-Use Building For Sale! Excellent investment opportunity featuring a 3-story building with a full finished basementâ??2 family and 1 commercial storefront. Lot size 20x80; Building size: 1FL 20x80, 2FL&3FL 20x56. Ideally located on 8th Avenue in the heart of Sunset Park, a highly desirable commercial corridor with strong foot traffic and excellent visibility.The ground-floor retail unit is currently a pharmacy with 2 years remaining on the lease and a 3-year option to renew; rent includes 25% of property tax. The 2nd and 3rd floor residential units have been renovated and require no additional work. The residential units can be DELIVERED VACANT, offering great flexibility for owner-use or rental. Convenient to N train and B9, B70 bus lines, restaurants, supermarkets, and all neighborhood amenities. Excellent income-producing property with a current 5.51% cap rate and strong potential to reach 6.71%! A rare find in a prime 8th Avenue location! All information is deemed reliable but is not guaranteed. Buyer is advised to independently verify the accuracy of all information.
Details:
Families:
2
Property Type:
Mixed Use
Built:
1930
Financials:
Price:
$5,980,000
Fang Fang Realty Inc Xiu Qin (jenny) Zou Office: (718)676-2518
provided by Brooklyn NY MLS
![[Sunset Park Real Estate, listing number 3322410]](https://www.vlshomes.com/inlines/nophoto_480.jpg)