436 New Lots Avenue, New York, NY, 11207
$1,390,000
activeLot Size
2,015 sqft
Year Built
1920
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
Prime Mixed-Use Investment Opportunity in Brooklyn. One store + 2 Apartments. Excellent opportunity to own a well-maintained mixed-use property in East New York, Brooklyn, featuring a ground-floor commercial space and two vacant residential apartments above. The ground floor and basement are currently occupied by an operating nail salon, generating $3,200 per month in rental income, with approximately 3 years remaining on the lease. The second floor features two separate vacant apartments: a front unit with 3 bedrooms and 1 full bathroom, and a rear unit with 2 bedrooms and 1 full bathroom. The property 20 x 101 ft lot, approximately 20 x 50 ft building dimensions, R6/C1-3 zoning, and low annual property taxes of approximately $5,600. With a projected investment return of approximately 6.5%, this property offers excellent potential for investors and owner-users alike. Enjoy existing commercial rental income while exploring additional residential rental opportunities. A rare opportunity to combine commercial income, residential flexibility, and long-term investment potential in Brooklyn!
Listed by Sophia X. Yao, Chase Global Realty Corp
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