Description
Bensonhurst -Great Investment opportunity for investors and developers .Excellent high traffic location on Kings Highway and West 5th street. Corner investment property, three story building with 2 stores. Corner modern store/office has 40 feet of store front and side window exposure with 8 feet high glass on both sides. The side store has its own entrance,rented as an office. . Stores have central air & heat .There is (4) Two bedroom apartments and 1 ( one bedroom ) all occupied with potential for rent increases. All apartments have been gutted and renovated recently with State of the Art kitchens and bathrooms. Brand new high efficiency gas unit. The building is 22 feet by 93 feet long. The building is in excellent condition... Proforma cap income $ 201,000. annual. Expenses $ 21,350. Net operating income $ 172,850. Cap rate @ 4.50% Attention DEVELOPERS Zoning R 7a-C2-3 FAR 4.0 ( 8093.88 square feet ) Check with architect. Subject to errors and Omissions... IDEAL FOR 1031 TAX EXCHANGE. POSSIBLE SELLER FINANCING ... price reduced from $ 4,400,000 TO $ 4,270,000. Buyers must verify all information and bears all risks for any inaccuracies.
