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$ 2,000,000
Est. payment | /mo
3,200 SqFt
$ 2,000,000
Est. payment | /mo
3,200 SqFt
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $625
MLS Listing ID 491033
Year Built 1931
Annual Tax Amount $23,940
Property Sub-Type Mixed Use
Property Description
INVESTMENT OPPORTUNITY: Mixed-Use Property in Prime Brooklyn Location
This fully renovated mixed-use brick building presents an exceptional investment opportunity in the desirable Gravesend-Bensonhurst area of Brooklyn. The property features a strategic combination of residential and commercial spaces designed to maximize rental income potential.
PROPERTY SPECIFICATIONS:
• Building Type: Semi-attached brick construction
• Configuration: Mixed-use with residential and retail components
• Total Units: Four income-generating spaces
• Basement: Semi-finished with expansion potential
RESIDENTIAL COMPONENT:
• Two well-appointed 2-bedroom apartments on second floor
• Large balcony feature enhancing tenant appeal in one of the apartments
• Fully renovated living spaces with modern finishes
• Combined monthly rental income: $6,000 ($3,000 each)
COMMERCIAL COMPONENT:
• Two ground-floor retail spaces
• Store 1: $3,500 monthly rent
• Store 2: $3,500 monthly rent
• Street-level visibility in high-traffic corridor
RECENT IMPROVEMENTS:
• Complete renovation from foundation to roof
• Updated electrical and plumbing systems throughout
• Modern LED lighting installation
• New windows and doors
• Contemporary appliances
• Basement infrastructure upgrades including new boiler and water heater
• Roof replacement
FINANCIAL PERFORMANCE:
• Gross Monthly Income: $13,000
• Diversified revenue streams across residential and commercial tenants
• Established rental rates reflecting current market conditions
• Strong cash flow generation from fully occupied property
This fully renovated mixed-use brick building presents an exceptional investment opportunity in the desirable Gravesend-Bensonhurst area of Brooklyn. The property features a strategic combination of residential and commercial spaces designed to maximize rental income potential.
PROPERTY SPECIFICATIONS:
• Building Type: Semi-attached brick construction
• Configuration: Mixed-use with residential and retail components
• Total Units: Four income-generating spaces
• Basement: Semi-finished with expansion potential
RESIDENTIAL COMPONENT:
• Two well-appointed 2-bedroom apartments on second floor
• Large balcony feature enhancing tenant appeal in one of the apartments
• Fully renovated living spaces with modern finishes
• Combined monthly rental income: $6,000 ($3,000 each)
COMMERCIAL COMPONENT:
• Two ground-floor retail spaces
• Store 1: $3,500 monthly rent
• Store 2: $3,500 monthly rent
• Street-level visibility in high-traffic corridor
RECENT IMPROVEMENTS:
• Complete renovation from foundation to roof
• Updated electrical and plumbing systems throughout
• Modern LED lighting installation
• New windows and doors
• Contemporary appliances
• Basement infrastructure upgrades including new boiler and water heater
• Roof replacement
FINANCIAL PERFORMANCE:
• Gross Monthly Income: $13,000
• Diversified revenue streams across residential and commercial tenants
• Established rental rates reflecting current market conditions
• Strong cash flow generation from fully occupied property
Location
State NY
County Kings (brooklyn)
Area Gravesend
Zoning R5B
Rooms
Basement Semi-Finished
Interior
Interior Features Lobby
Hot Water Gas
Heating Gas
Flooring Ceramic, Laminate
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Handicap Access Yes
Building
Story 2
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Superior Realty Service
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DiTommaso Real Estate
Broker