This is an excellent investment opportunity in Williamsburg, Brooklyn! The combination of a bustling commercial space with a restaurant and multiple residential units can provide a solid income stream. With a return rate close 7% and no renovations needed, The Annual gross income is nearly $175,440/year and monthly Gross income is $14,620, The Net income $139,445/year and monthly Net income $11,620. This is a location with a very high return on investment property, especially with stable tenants in place. The layout of two units per floor, with a mix of two-bedroom and one-bedroom apartments, caters to a variety of renters, which is a plus. The proximity to Broadway Commercial Street and access to multiple subway lines enhances its appeal, making it convenient for both residents and customers.
6,384 Sq Ft
1,985 Sq Ft Exterior Space
Commercial
$11,843 Annual Tax
Built in 1931
MLS/Listing ID 847593
Heating - Natural Gas
Construction - Brick
Cooling - Wall/window unit(s)
Concrete
Ceramic Tile
Listing Courtesy of E REALTY INTERNATIONAL CORP, YANAN EILL - 516-493-5363
Source of Data: ONEKEY MLS