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Excellent opportunity for investors to own a semi-attached corner mixed-use property located in the East Flatbush section of Brooklyn. The building is in good condition and fully occupied, offering a stable and high-income investment.
Property features include:
One commercial store on the ground floor
Five residential apartments (all rented)
Garage in the rear for additional income
The property produces a gross annual income of $162,288 with gross expenses of $19,898, offering a net income of approximately $142,390.
This results in a strong cap rate, making it an attractive investment for buyers seeking steady cash flow and long-term value growth.
Located on a visible corner with excellent foot and vehicle traffic, close to public transportation, schools, and shopping.