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332 Kings Highway, Brooklyn, NY 11223

$4,225,888
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Active
BEDS0 BATHS SQUARE FEET6,324 MLS#458569
STATUSActive PROPERTY TYPECommercial - Multiple

Property Description

Bensonhurst-Gravesend Prime Location. Current Income $ 212,700. PROJECTED RENT WITH RENT INCREASES & STORAGE BASEMENT $252,000.00 .. Corner 332 Kings Highway & West 5th Street. Excellent High traffic location. Great Commercial and Residential Investment Property with 2 Stores & 5 family . PROJECTED CAP Rate 5.97 % .The front professional office on Kings Highway has been A Real Estate Office for almost 30 years AND PAYS 1/3 R.E. TAXES. CENTRAL AIR & HEAT, The side store has its own entrance. The 5 family consist of ( 4 ) 2 bedroom apartments and A ( 2 bedroom DUPLEX, 7 ROOMS . Total income is at least $17,225. MONTH. ADDITIONAL POTENTIAL RENTAL INCOME: The front half of the basement approximate 1100 sq.ft. can be rented as storage for contractors , for $1,000. per month. Renting billboard space on the corner 3 story building $1,000. per month . This is a REAL MONEY MAKER. THE MAIN OPERATING COMPONENTS" of the building are as follows: Removed all old layers of roof and installed Totally brand new EPDM roof installed Aug. 2021 , 20 year guarantee. Brand new high efficiency gas boiler & water heater Feb. 2018. Brand new chimney smoke stack from basement to the roof March 2019. Forty three new windows & window lentils were installed 3 yrs ago.. Each apartment has breaker panel boxes, all upgraded electric service. The building was steam cleaned & pointed 5 years ago. In April 2021 the fencing and fire escape has been painted. The complete 3 story hallway was freshly painted September 2021.Building in excellent condition. If you desire an investment property without any problems this is truly a gem. PROJECTED GROSS INCOME $259,200k Zoning R7a -C2-3 overlay. Don't pass up Great opportunity. CAN BUILD CONDOS, CHECK WITH ARCHITECT.

332 Kings Highway | MLS# 458569

This commercial property located at 332 Kings Highway, Brooklyn, NY 11223 is currently listed for sale with an asking price of $4,225,888. Search Brooklyn real estate on www.fillmore.com today.

Property Features

Property Type: Commercial - Multiple
Basement: Yes
Heating: Baseboard, Hot Water, Steam/Radiator
Lot Size: 0.05 Acres
Roof Type: Flat
Stories: 3.0

Feature Descriptions

Construction: Brick
Days on Site: 246
Electric: 200 Amp, 220 V, Circuit Breakers
Exterior: Brick
Flooring: Ceramic, Granite
Foundation: Block
Hot Water: Gas
Yard: Back, Side

Listed By / Shown By

Listing By

Agency Name: Sav-A-Lot Realty Inc
Agency Phone: (718) 336-1144

Shown By

Agency Title: Fillmore Real Estate
Agency Phone:

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