Courtesy of: Emily Hui Chen-Liang, Tiger Realty, huitingliang@yahoo.com
Courtesy of: Emily Hui Chen-Liang, Tiger Realty, huitingliang@yahoo.com
$950,000
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Lot: 0.03 Acres
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Mixed Use
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$950,000
1742 Flatbush Avenue Welcome to this well-positioned mixed-use investment property in the Flatlands. This attached building, situated on an 18 x 72 foot lot with building size of 18 x 55 foot footprint, is perfectly configured with a grocery store occupying the first floor and basement, and a two-bedroom apartment on the second floor. The commercial space provides stable income with a current monthly rent of $3, 100 and one year remaining on its lease, while the residential unit offers flexibility and upside with a month-to-month tenancy at $1, 700 per month. Zoned R5 with a C2-2 overlay, the property is ideally permitted for its current use. Its excellent location is highlighted by being just two blocks from Kings Highway. With annual gross income of $57, 600 and a low annual tax bill of only $3, 189, this asset represents a strong cash-flowing opportunity.
Courtesy of: Emily Hui Chen-Liang, Tiger Realty, huitingliang@yahoo.com
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