Courtesy of: Shaojie (Jayden) Liang, ProBase Real Estate, jaydenprobase@gmail.com
Courtesy of: Shaojie (Jayden) Liang, ProBase Real Estate, jaydenprobase@gmail.com
$2,288,888
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3,465 square feet
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Lot: 0.05 Acres
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Other
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$2,288,888
156 Avenue U Rare HIGH PROFIT Mixed-Use Investment in Prime Gravesend! This well-maintained corner property features 4 retail stores, 2 two-bedroom apartments, and a private garage, at the VERY BUSY Avenue U & W. 7th St. intersection. The property generates $174, 120 in annual gross income with a net profit of $138, 000, producing an amazing 6% CAP rate at the asking price. The building measures approximately 20' x 105' on a 20' x 115' lot, with approximately 3, 465 SF, plus a Full Basement. Excellent corner exposure, HIGH TENANT DEMAND, nearby from the Avenue U N train station and B3 bus, surrounded by established businesses, restaurants, supermarkets and neighborhood amenities. Strong income with additional rental upside makes this an excellent opportunity for investors, or for a store operator looking for a great location.
Courtesy of: Shaojie (Jayden) Liang, ProBase Real Estate, jaydenprobase@gmail.com
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