Gravesend Real Estate

284 Kings Highway, Gravesend, NY 11223

[Gravesend Real Estate, listing number 3349405]
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Description: 3349405
   Excellent income-producing mixed-use property featuring 4 residential family units and 2 storefronts in a desirable Brooklyn location. This property offers multiple income streams with strong rental potential, making it an excellent opportunity for investors seeking immediate cash flow and long-term appreciation. The combination of residential and commercial spaces provides flexibility and stability, while the storefronts offer valuable street-level exposure for businesses. A great addition to any investment portfolio with strong income potential and significant upside. The property consists of a deli and a restaurant on the first floor. There are two - 2 bedrooms apt and one 3 bedrooms along with an one bedroom apt. These 4 units have a rent increment for $200 per month in every Sept, the deli has a rent increment for $175 per month in every July and the restaurant also has a rent increment for $150 per month in every April. The cap rate is 4.4 % DonĂ¢??t miss this opportunity to own a versatile Brooklyn mixed-use property with excellent income potential.

Details:
   Families: 4
   Property Type: Mixed Use
   Built: 1931

Financials:
   Price: $3,899,000

 

Ashford Homes LLC
Shuyu (linda) Zeng
Office: (929)364-1301

provided by Brooklyn Bd of Realtors