HIGH PROFIT Mix-Use Corner Property with 4 stores, 2 apartments, and a Garage, in highly desirable Gravesend. This RARE INVESTMENT property produces
*OVER $150,000 yearly rental income; *OVER $116,000 NET INCOME*
*OVER 5% CAP (projected 6%) *
*10%+ annual gain with appreciation.* The building is 20× 105(residential 1365 sq ft; commercial 2100 sq ft) on a lot 20× 115.
First floor – 4 Stores: Deli, Barber Shop, Flower Shop, Office and Garage.
Second floor: 2 two-bedroom apartments.
Store basement: Full semi-finished.
Built in 1931; Zoned R5. Property tax $20,543. VERY busy corner – Right next to N train station and B3 Bus Stop. This highly sought-after property is close to many schools, parks, restaurants, cafes, supermarkets, stores, shops, and more.
2025 UPGRADES:
*tested LEAD-FREE!*
*New store floor and subfloor*
*Brick Repointed*
*ROOF waterproofed & Flashed* *Apartments painted*
*New apartment floor*
HIGH PROFIT Mix-Use Corner Property with 4 stores, 2 apartments, and a Garage, in highly desirable Gravesend. This RARE INVESTMENT property produces
*OVER $150,000 yearly rental income; *OVER $116,000 NET INCOME*
*OVER 5% CAP (projected 6%) *
*10%+ annual gain with appreciation.* The building is 20× 105(residential 1365 sq ft; commercial 2100 sq ft) on a lot 20× 115.
First floor – 4 Stores: Deli, Barber Shop, Flower Shop, Office and Garage.
Second floor: 2 two-bedroom apartments.
Store basement: Full semi-finished.
Built in 1931; Zoned R5. Property tax $20,543. VERY busy corner – Right next to N train station and B3 Bus Stop. This highly sought-after property is close to many schools, parks, restaurants, cafes, supermarkets, stores, shops, and more.
2025 UPGRADES:
*tested LEAD-FREE!*
*New store floor and subfloor*
*Brick Repointed*
*ROOF waterproofed & Flashed* *Apartments painted*
*New apartment floor*
Listing Courtesy of RE/MAX Real Estate Professiona