
Courtesy of: Qikang Mei, RE/MAX Edge, leomei2222@gmail.com
$3,680,000
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Lot: 0.05 Acres
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Other
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$3,680,000
774 48th Street Fully renovated mixed-use building with strong cash flow and minimal owner expenses! Ground floor & basement leased to a large restaurant with multiple private dining rooms. Restaurant rent: $15, 000/month Tenant pays all water bills and 50% of property taxes. Two residential apartments on the 2nd floor, each renting for $3, 000/month, Approximately $250, 000 annual rental income 3% annual rent increases built into the lease Owner only pays 50% of property taxes and insurance A rare investment opportunity offering stable income, low management, and long-term growth potential. Don't miss this exceptional Brooklyn investment property!
Courtesy of: Qikang Mei, RE/MAX Edge, leomei2222@gmail.com
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