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$ 1,880,000
Est. payment | /mo
1,986 Sqft Lot
$ 1,880,000
Est. payment | /mo
1,986 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 847593
Rental Info No
Year Built 1931
Annual Tax Amount $11,843
Lot Size 1,986 Sqft
Acres 0.0456
Property Sub-Type Mixed Use
Source onekey2
Property Description
This is an excellent investment opportunity in Williamsburg, Brooklyn! The combination of a bustling commercial space with a restaurant and multiple residential units can provide a solid income stream. With a return rate close 7% and no renovations needed, The Annual gross income is nearly $175,440/year and monthly Gross income is $14,620, The Net income $139,445/year and monthly Net income $11,620. This is a location with a very high return on investment property, especially with stable tenants in place. The layout of two units per floor, with a mix of two-bedroom and one-bedroom apartments, caters to a variety of renters, which is a plus. The proximity to Broadway Commercial Street and access to multiple subway lines enhances its appeal, making it convenient for both residents and customers.
Location
State NY
County Kings (brooklyn)
Rooms
Basement See Remarks
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Flooring Ceramic Tile, Concrete
Fireplace No
Exterior
Utilities Available See Remarks
Building
Story 4
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by E Realty International Corp • Yanan Eill
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "