Excellent investment opportunity!!! Rare find solid brick 1 retail store and 2 residential units mixed use building located on super busy location 8th Avenue business district of Sunset Park. The restaurant currently occupies the retail space and basement. 2nd floor and 3rd floor both feature 4 bedrooms with 1.5 full bathroom each; Building size: 20x54, Lot size:20x80. the whole building were renovated from top to bottom on August 2017. All 3 unit have separate heat and hot water. The restaurant responsible for 50% property tax. The seller only pay 50% property tax and building insurance. Gross current annual income $261,600.(Market rent:312,000). Total expenses:$21,500. the net operating income is $240,100. CAP RATE: 5%. Convenient to all. Can't miss it.
Off market
$4,132,700
5805 8th Ave, Brooklyn, NY 11220
--beds
0baths
3,240sqft
Mixed Use
Built in 1931
-- sqft lot
$4,132,700 Zestimate®
$1,276/sqft
$6,032 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Interior area
- Total interior livable area: 3,240 sqft
Property
Lot
- Size: 1,742 sqft
Details
- Parcel number: 057000008
- Zoning: R6
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
Condition
- Year built: 1931
Utilities & green energy
- Electric: 220 V, 110 V
Community & neighborhood
Location
- Region: Brooklyn
Other
Other facts
- Flooring: Hardwood, Tile
- Property Sub Type: Mixed Use
- Property Type: Mixed Use
- Basement Amenities: Full, Finished
- Borough: Brooklyn
- Building Type: Attached
- Roof: Flat
- Construction Materials: Brick
- Electric: 220 V, 110 V
- Foundation Details: Poured Concrete
- Heating Fuel: Gas
- Hot Water: Gas
- Zoning: R6
- Exterior: Brick
- Heat Delivery: Hot Water, Baseboard
- Yard: Other
- Commercial Features Exterior: Other
- Commercial Features Interior: Other
- Loading Docks: Other
- Lavatories: 4+