![[Gravesend Real Estate, listing number 3349286]](https://www.vlshomes.com/images/full/3349286a.jpg)
| Description: 3349286 | |
| Rare HIGH PROFIT Mixed-Use Investment in Prime Gravesend! This well-maintained corner property features 4 retail stores, 2 two-bedroom apartments, and a private garage, at the VERY BUSY Avenue U & W. 7th St. intersection. The property generates $174,120 in annual gross income with a net profit of $138,000, producing an amazing 6% CAP rate at the asking price. The building measures approximately 20` x 105` on a 20` x 115` lot, with approximately 3,465 SF, plus a Full Basement. Excellent corner exposure, HIGH TENANT DEMAND, nearby from the Avenue U N train station and B3 bus, surrounded by established businesses, restaurants, supermarkets and neighborhood amenities. Strong income with additional rental upside makes this an excellent opportunity for investors, or for a store operator looking for a great location. | |
Details: |
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| Families: | 2 | |
| Property Type: | Mixed Use | |
| Built: | 1931 | |
Financials: |
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| Price: | $2,288,888 | |
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