Courtesy of: Diana Melerud, Superior Realty Service, diana.melerud@gmail.com
Courtesy of: Diana Melerud, Superior Realty Service, diana.melerud@gmail.com
$1,799,999
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Lot: 0.04 Acres
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Other
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$1,799,999
120 Avenue T INVESTMENT OPPORTUNITY: Mixed-Use Property in Prime Brooklyn Location This fully renovated mixed-use brick building presents an exceptional investment opportunity in the desirable Gravesend-Bensonhurst area of Brooklyn. The property features a strategic combination of residential and commercial spaces designed to maximize rental income potential. PROPERTY SPECIFICATIONS: - Building Type: Semi-attached brick construction - Configuration: Mixed-use with residential and retail components - Total Units: Four income-generating spaces - Basement: Semi-finished with expansion potential RESIDENTIAL COMPONENT: - Two well-appointed 2-bedroom apartments on second floor - Large balcony feature enhancing tenant appeal in one of the apartments - Fully renovated living spaces with modern finishes - Combined monthly rental income: $6, 000 ($3, 000 each) COMMERCIAL COMPONENT: - Two ground-floor retail spaces - Store 1: $3, 500 monthly rent - Store 2: $3, 500 monthly rent - Street-level visibility in high-traffic corridor RECENT IMPROVEMENTS: - Complete renovation from foundation to roof - Updated electrical and plumbing systems throughout - Modern LED lighting installation - New windows and doors - Contemporary appliances - Basement infrastructure upgrades including new boiler and water heater - Roof replacement FINANCIAL PERFORMANCE: - Gross Monthly Income: $13, 000 - Diversified revenue streams across residential and commercial tenants - Established rental rates reflecting current market conditions - Strong cash flow generation from fully occupied property
Courtesy of: Diana Melerud, Superior Realty Service, diana.melerud@gmail.com
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