5805 8th Ave, Brooklyn, NY 11220

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.