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  1. Retail
  2. For Sale
  3. Brooklyn
Rong Feng Li 2,080,000 USD

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

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2080000.0000 USD
1020192159-40 Commercial/Retail RE/MAX 1020192159-40 1020192159-40 https://global.remax.com/en/listings/usa/commercial/retail/for-sale/brooklyn/7917-5th-ave/1020192159-40

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

Commercial in Brooklyn, NY

2,080,000 USD https://global.remax.com/en/listings/usa/commercial/retail/for-sale/brooklyn/7917-5th-ave/1020192159-40 InStock
 
7917 5th Ave - Brooklyn, Brooklyn, New York, United States
Lot Size:
0.04 acre(s)
Rare Opportunity in Prime Bay Ridge, Brooklyn! This one-story, two-family mixed-use building is a must-have in your investment portfolio. All units are currently rented, generating a gross annual income of $134,400, with a 3% yearly increase. The storefront, approximately 2,000 square feet including the ground floor and basement, is currently operating as a liquor store. It comes with a fresh 10-year lease and a 5-year renewal option. The commercial tenant pays $350 quarterly for water and 50% of any annual property tax increases. The second and third floors each feature two-bedroom residential units, both occupied by reliable tenants who consistently pay rent on time. The building was gutted and fully renovated a few years ago at a significant cost to the owner. The net income is approximately $116,000 per year. Ideally located in the heart of Bay Ridge's commercial district, just minutes from the I-278 as well as from the R train, this property offers convenience and strong investment potential. Rent roll and detailed expense information available upon request.
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.
Rong Feng Li - RE/MAX Edge
+1 (718) 288-3835 0 - 99999999 Rong Feng Li Rong Feng Li https://global.remax.com/en/agents/usa/brooklyn/rong-feng-li/1020192159 1812 Bath Ave Ste 2
Brooklyn, New York, United States
11214-4647

Rong Feng Li

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 Rong Feng Li Rong Feng Li https://global.remax.com/en/agents/usa/brooklyn/rong-feng-li/1020192159 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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