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  1. Retail
  2. For Sale
  3. Brooklyn
Ping Chen 1,299,000 USD

Commercial - Commercial/Retail - Brooklyn, New York, United States - United States

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1299000.0000 USD
1020192208-96 Commercial/Retail RE/MAX 1020192208-96 1020192208-96 https://global.remax.com/en/listings/usa/commercial/retail/for-sale/brooklyn/7420-20th-ave/1020192208-96

Commercial - Commercial/Retail - Brooklyn, New York, United States - United States

Commercial in Brooklyn, NY

1,299,000 USD https://global.remax.com/en/listings/usa/commercial/retail/for-sale/brooklyn/7420-20th-ave/1020192208-96 InStock
 
7420 20th Ave - Brooklyn, Brooklyn, New York, United States
Lot Size:
0.04 acre(s)
PRIME MIXED-USE GEM IN THE HEART OF THE BEDSONHURST! FULLY RENOVATED WITH IMMEDIATE RENTAL INCOME! Welcome to this fully updated mixed-use propertyan exceptional investment opportunity featuring a ground-level commercial storefront and an upper-level residential unit, both generating immediate rental income. EACH TENANT IS RESPONSIBLE FOR THEIR OWN UTILITIES, ENSURING LOW OPERATING COSTS FOR THE OWNER.The first floor measures 20' x 75', with the second floor at 20' x 45', on a 20' x 80' lot. Annual property taxes are impressively low at just $9,230.60. The first floor is occupied by a well-established nail salon that has successfully operated for over 15 years. The current combined 1st floor rent for 2025 is $3,051 per month, with a scheduled increase to the Nail Salon in September 2025. With a short-term lease in place, theres flexibility for future plans or lease renegotiation. The second-floor residential unit features a spacious three-bedroom layout, complete with a granite tiled bathroom, a formal dining room, and a bright, comfortable living room. Modern upgrades include radiant floor heating and central A/C, ensuring year-round comfort. Rent for this unit will increase to $2,450 starting in January 2026. A fully finished basement with high ceilings offers additional functional spaceideal for storage, recreation, or flexible use. Tenants pay their own utilities, and the property has been meticulously renovated from top to bottom. Its truly move-in ready and already generating reliable rental income. Additionally, under the new City of Yes zoning initiative, there may be potential for vertical expansion or horizontal expansion to second floor. Buyers are encouraged to consult with an architect for further details and possibilities. Dont miss this rare opportunity to own a income-generating property. Schedule your private showing today!
Features Description


All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
Ping Chen - RE/MAX Edge
+1 (718) 288-3835 0 - 99999999 Ping Chen Ping Chen https://global.remax.com/en/agents/usa/brooklyn/ping-chen/1020192208 1812 Bath Ave Ste 2
Brooklyn, New York, United States
11214-4647

Ping Chen

RE/MAX Edge

+1 (718) 288-3835 0 - 99999999 USD United States RE/MAX RE/MAX Edge Brooklyn 1812 Bath Ave Ste 2
Brooklyn, New York, United States
11214-4647


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+1 (718) 288-3835 0 - 99999999 Ping Chen Ping Chen https://global.remax.com/en/agents/usa/brooklyn/ping-chen/1020192208 1812 Bath Ave Ste 2
Brooklyn, New York, United States
11214-4647

RE/MAX Edge

1812 Bath Ave Ste 2
Brooklyn, New York, United States
11214-4647
https://remaxedgeny.com/
+1 (718) 288-3835 0 - 99999999 USD United States RE/MAX RE/MAX Edge Brooklyn

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