Description

Welcome to this beautiful Mix-Use Corner Property with 4 stores, 2 apartments, and a car garage, in highly desirable Gravesend. This RARE INVESTMENT property produces over $110,000 net income, 5% CAP (projected 6%), and 10%+ annual gain including appreciation. VERY busy corner: N train minutes away and F train minutes away. CASH or 1031 buyer preferred. The building is approx. 20x 70(residential 1365 sqft; commercial 2100 sqft) on a lot approx. 20x 115. First floor - 4 Stores: Deli, Barber, Med Supply & Retail Tea, plus 15’ Garage. Second floor: 2 two-bedroom apartments. Store basement: semi-finished. Built in 1931; Zoned R5. Property tax: $20,700. This highly sought-after property is close to many schools, parks, restaurants, cafes, supermarkets, stores, shops and much more.
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Building Features - Floors- Units

intercom

$2,250,000 / $649 per ft²

$100,000  -  279 days ago

Listed on Mar 24, 2023

476 Days on Market

- Beds / - Baths - / 3,465 ft²

Total Monthly expenses: $1,722

Maintenance: - / R.E. Taxes $1,722

Other Details:

Exclusively listed with: ProBase Real Estate Source: Brooklyn MLS

Shaojie (Jayden) Liang

jaydenprobase@gmail.com

(646) 407-6668

Listing Courtesy of ProBase Real Estate

Unit listing history

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