REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,680,000
Est. payment /mo
New
774 48th ST Brooklyn, NY 11220
1,640 SqFt
UPDATED:
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,640 sqft
Price per Sqft $2,243
MLS Listing ID 501915
Property Sub-Type Mixed Use
Property Description
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!
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!
Location
State NY
County Kings (brooklyn)
Area Sunset Park
Rooms
Basement Finished, Walk-in
Interior
Interior Features Fire - Smoke Alarm, Fire Sprinkler, Heated, Intercom, Kitchen, Lobby, Restrooms - Public
Hot Water Gas
Heating Gas
Flooring Ceramic, Hardwood
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Foundation Block
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by RE/MAX Edge