5415 8th AVE new Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11220
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,840 sqft
Price per Sqft $1,557
MLS Listing ID 497004
Year Built 1930
Annual Tax Amount $16,330
Property Sub-Type Mixed Use
Property Description
Prime Sunset Park Mixed-Use Building For Sale! Excellent investment opportunity featuring a 3-story building with a full finished basement—2 family and 1 commercial storefront. Lot size 20x80; Building size: 1FL 20x80, 2FL&3FL 20x56. Ideally located on 8th Avenue in the heart of Sunset Park, a highly desirable commercial corridor with strong foot traffic and excellent visibility.The ground-floor retail unit is currently a pharmacy with 2 years remaining on the lease and a 3-year option to renew; rent includes 25% of property tax. The 2nd and 3rd floor residential units have been renovated and require no additional work. The residential units can be DELIVERED VACANT, offering great flexibility for owner-use or rental. Convenient to N train and B9, B70 bus lines, restaurants, supermarkets, and all neighborhood amenities. Excellent income-producing property with a current 5.51% cap rate and strong potential to reach 6.71%! A rare find in a prime 8th Avenue location! All information is deemed reliable but is not guaranteed. Buyer is advised to independently verify the accuracy of all information.
Location
State NY
County Kings (brooklyn)
Area Sunset Park
Zoning R6, C1-3
Rooms
Basement Finished,Full
Interior
Interior Features Restrooms - Staff,Other
Hot Water Other
Heating Other
Flooring Hardwood
Heat Source Other
Exterior
Exterior Feature Brick
Roof Type Other
Building
Story 3
Foundation Other
Others
Energy Description Other
Financing 1031 Exchange,Bank Mortgage,Cash