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  2. 774 48th Street
  • 774 48th Street
  • $ 3,680,000
774 48th Street Sunset Park Brooklyn NY 11220
774 48th Street Sunset Park Brooklyn NY 11220
774 48th Street Sunset Park Brooklyn NY 11220
774 48th Street Sunset Park Brooklyn NY 11220

774 48th Street

Sunset Park   |   7th Ave & 8th Ave

Building For Sale
$ 3,680,000
Ownership Mixed Use
Lot Size 20'x100'
Status Active
ASF/ASM 1,640/152
 

Photos

774 48th Street Sunset Park Brooklyn NY 11220
774 48th Street Sunset Park Brooklyn NY 11220

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
774 48th Street Sunset Park Brooklyn NY 11220

Property Description

Fully renovated mixed-use building with strong cash flow and minimal owner expenses! Ground floor & basement leased to a large restaurant with multiple private dining rooms. Restaurant rent: $15,000/month Tenant pays all water bills and 50% of property taxes. Two residential apartments on the 2nd floor, each renting for $3,000/month, Approximately $250,000 annual rental income 3% annual rent increases built into the lease Owner only pays 50% of property taxes and insurance A rare investment opportunity offering stable income, low management, and long-term growth potential. Don’t miss this exceptional Brooklyn investment property!
Fully renovated mixed-use building with strong cash flow and minimal owner expenses! Ground floor & basement leased to a large restaurant with multiple private dining rooms. Restaurant rent: $15,000/month Tenant pays all water bills and 50% of property taxes. Two residential apartments on the 2nd floor, each renting for $3,000/month, Approximately $250,000 annual rental income 3% annual rent increases built into the lease Owner only pays 50% of property taxes and insurance A rare investment opportunity offering stable income, low management, and long-term growth potential. Don’t miss this exceptional Brooklyn investment property!

Listing Courtesy of RE/MAX Edge

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

Care to take a look at this property?

Apartment Features

Exposed Bricks
Hardwood Floors
Walk-in Closet
774 48th Street Sunset Park Brooklyn NY 11220
774 48th Street Sunset Park Brooklyn NY 11220

Building Details [774 48th Street]

Ownership Mixed Use
Block/Lot 777/35
Lot Size 20'x100'

Mortgage Calculator in [US Dollars]

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Loan Amount

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 501915