$4,225,888332 Kings HighwayBrooklyn, New York, 11223
LISTED BY
Sav-A-Lot Realty Inc
Primary Features
- Lot Size Square Feet: 2200 sqft.
- Property Type: Commercial
- Property Sub Type: Mixed Use
Other Features
- Flooring: Ceramic,Granite
- Foundation Details: Block
- Heating: Gas
- Parking Features: None
- Roof: Flat
- Utilities: n/a
- Electric: 200 Amp,220 V,Circuit Breakers
Location
- Street Address: 332 Kings Highway
- City: Brooklyn
- State: New York
- County: Kings (Brooklyn)
- Postal Code: 11223
- Zoning: R7 C2-3
Pricing & Sale Info
- List Price: $4,225,888
- Tax Annual Amount: $14,000
- MLS#: 458569
- Last Change Timestamp: Jul 30, 2022
- Source MLS: Brooklyn New York MLS
About This Property
Bensonhurst-Gravesend Prime Location. Current Income $ 212,700. PROJECTED RENT WITH RENT INCREASES & STORAGE BASEMENT $252,000.00 .. Corner 332 Kings Highway & West 5th Street. Excellent High traffic location. Great Commercial and Residential Investment Property with 2 Stores & 5 family . PROJECTED CAP Rate 5.97 % .The front professional office on Kings Highway has been A Real Estate Office for almost 30 years AND PAYS 1/3 R.E. TAXES. CENTRAL AIR & HEAT, The side store has its own entrance. The 5 family consist of ( 4 ) 2 bedroom apartments and A
( 2 bedroom DUPLEX, 7 ROOMS . Total income is at least $17,225. MONTH.
ADDITIONAL POTENTIAL RENTAL INCOME:
The front half of the basement approximate 1100 sq.ft. can be rented as storage for contractors , for $1,000. per month.
Renting billboard space on the corner 3 story building $1,000. per month .
This is a REAL MONEY MAKER.
THE MAIN OPERATING COMPONENTS"
of the building are as follows: Removed all old layers of roof and installed Totally brand new EPDM roof installed Aug. 2021 , 20 year guarantee. Brand new high efficiency gas boiler & water heater Feb. 2018. Brand new chimney smoke stack from basement to the roof March 2019. Forty three new windows & window lentils were installed 3 yrs ago.. Each apartment has breaker panel boxes, all upgraded electric service. The building was steam cleaned & pointed 5 years ago. In April 2021 the fencing and fire escape has been painted. The complete 3 story hallway was freshly painted September 2021.Building in excellent condition. If you desire an investment property without any problems this is truly a gem. PROJECTED GROSS INCOME $259,200k
Zoning R7a -C2-3 overlay. Don't pass up Great opportunity. CAN BUILD CONDOS, CHECK WITH ARCHITECT.
