The mixed-use corner building is a great investment opportunity. The building is fully occupied and boasts a great mix of income streams. On the second floor, there are three apartments which are all currently leased out. The ground floor is occupied by a store with a basement, which is also currently leased out. Additionally, there are three parking garage spaces available for tenants or customers. The lot size for the building is 20x100, which offers a good amount of space for tenants and customers. The building has a CAP rate of 8+%, which is a good return on investment. However, there is also potential for the CAP rate to grow, which makes this an even more attractive investment opportunity. Overall, the mixed-use corner building is a fully occupied investment opportunity that offers multiple income streams. With its great location and potential for growth, this property could be an excellent investment for the right buyer.
Sold
$1,195,000
4722 Avenue, Brooklyn, NY 11203
6beds
3,500sqft
Multi Family
Built in 1931
-- sqft lot
$1,242,600 Zestimate®
$341/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: July 24, 2024 at 03:53am
Listed by:
Vadim Blinov,
Remax Edge
Source: StreetEasy,MLS#: S1665564
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Interior area
- Total structure area: 3,500
- Total interior livable area: 3,500 sqft
Property
Details
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1931
Community & neighborhood
Location
- Region: Brooklyn
- Subdivision: Farragut
HOA & financial
HOA
- Services included: Maintenance