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listing
1 of 9
CommercialFor Sale
$4,000,000
332 Kings Highway
Brooklyn, NY 11223
Listing Provided Courtesy of Re/max Edge
MLS: Brooklyn New York MLS
6,324Sq Ft
Est. Mortgage
$20,747/mo

BENSONHURST 332 KINGS HIGHWAY !! . PRIME CORNER INVESTMENT PROPERTY. CONSISTING OF 5 FAMILIES AND TWO LEGAL STORES PLUS 1,100 sq ft front FINISHED BASEMENT WITH EPOXY FLOOR, NEW ELECTRIC HIGH HATS THROUGHOUT RENTED AT $1200. 00 PER MONTH for storage basement to a contractor. , Excellent high traffic location, great commercial and residential property. The front professional office on King's Highway has been a Realty Estate office for almost 30 years and pays 1/3 Real Estate taxes. CURRENT RENTAL INCOME $234,456. The side store has its own entrance rented to an accountant and lawyer. They utilize the side store and the complete 900 sq feet rear finished basement as a closing room and files storage. The 5 family consist of (4) 2 bedrooms apartments and the first floor one-bedroom apartment . . The front half of the basement approximate 1100 sq feet has a street cellar door for easy access for the contractor to enter to . . This is A REAL MONEY MAKER!!!! THE MAIN OPERATING COMPONENTS of the building are as follows: removed all old layers of roof and installed totally brand-new EPDM roof installed August 2021. 20 years guaranteed. Brand new high efficiency gas boiler & water heater February 2018. Brand new chimney smokestack from basement to the roof March 2019. Forty-three new windows and windows lentils were installed 3 years ago. Each apartment has breaker panel boxes, all upgraded electric services. The building was steam cleaned & pointed 3 years ago. In April 2021 the fencing and fire escape has been painted. The complete 3 story hallway was freshly painted September 2021. Building in excellent condition. If you desire an investment property without any problems this is truly a GEM! PROJECTD INCOME over $ 262,000 a year. Zoning R-7 C2-3 overlay. Don't pass up on this great opportunity!!

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Data last updated: 11/25/2024 03:06 AM
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