1307 Foster Ave, Brooklyn, NY 11230

ATTENTION INVESTORS, DEVELOPERS AND END USERS Brick Mix-use 2 Family and store in prime location! Zoned R7A with an FAR of 4.0 and potential to build up to 9,720sq Ft!!! The brick building measures 20x50 and the Lot measures a whopping 21x111. The store is currently occupied with a lease ending in March 2020. The 2nd floor has a huge 4 bedroom apartment with living room, kitchen and full bath. The 3rd floor has a huge 4 bedroom apartment with living room, kitchen and full bath. There is also a full basement and an enormous backyard. Excellent investment property currently collecting $84,000 in Annual Gross Income and an Annual Net Operating Income of $70,800. Possession of both apartments may be possible to generate even more income! Unbelievable location on Foster Avenue only 2 minutes away from the B and Q Trains, all stores and surrounded by mansions. This property is a Perfect opportunity to build condos, or keep it as an income generating investment property! Please submit all offers with pre approval letter and proof of funds.