332 Kings Highway, Brooklyn, NY 11223

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STATUSActive PROPERTY TYPECommercial - Multiple

Property Description

Bensonhurst-Gravesend *PRIME LOCATION * Current income 212,700. Projected with RENT-TO-RENT INCREASES & STORAGE BASEMENT 252,000.00...... Corner of Kings Highway & West 5th street. Excellent High Traffic Location =. Great Commerical and Residential Investment Property with 2 Stores & 5 family plus 2 complete finish basements approximately 1000. square feet each. Can generate additional income.. PROJECTED CAP rate 5.97%. The front professional office on king's 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 bedrooms apartments and the first floor one bedroom apartment has interior entrance to complete finish basement, can possibly be rented as a 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 $1000 per month. THIS IS A REAL MONEY MAKER!! THE MAIN OPERATING COMPONETS of the building are as follows: Removed all old layers of roof and installed totally brand EPDM roof installed Aug 2021. 20 years guarantee. Brand new high efficiency gas boiler & water heater February 2018. Brand New chimney smokestack from basement to the roof March 2019. Forty-three new windows and window lentils were installed 3 years ago. Each apartment has breaker panel boxes, all upgraded electric services. 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 R7-a c2-3 overlay. Don't pass up on this great opportunity!!! CAN BUILD CONDOS, check with the architect

332 Kings Highway | MLS# 469344

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 today.

Property Features

Property Type: Commercial - Multiple
Basement: Yes
Heating: Hot Water
Lot Size: 0.05 Acres
Roof Type: Flat
Stories: 3.0

Feature Descriptions

Construction: Brick
Days on Site: 66
Electric: 200 Amp, 220 V
Exterior: Brick
Flooring: Ceramic, Granite, Hardwood, Parquet
Foundation: Other
Hot Water: Gas
Yard: Back

Listed By / Shown By

Listing By

Agency Name: RE/MAX Edge
Agency Phone: (718) 612-3088

Shown By

Agency Title: Berkshire Hathaway HomeServices/Fillmore Real Estate
Agency Phone:

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