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$ 4,880,000
Est. payment /mo
Active
5706 7th AVE Brooklyn, NY 11220
6,700 SqFt
UPDATED:
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,700 sqft
Price per Sqft $728
MLS Listing ID 494718
Year Built 1925
Annual Tax Amount $25,062
Property Sub-Type Mixed Use
Property Description
Rare Investment Opportunity in Prime Brooklyn!
This high-quality mixed-use building is located at the intersection of 57th Street and 7th Avenue — one of the most vibrant commercial corridors in Brooklyn.
Property highlights:
• One commercial storefront + 7 spacious residential units(All units feature 3 bedrooms, 1 living room, and 1 bathroom.)
• Building dimensions: 25' x 75', total building area approx. 6,700 SF
• Lot size: 25' x 100'
• Zoning: R7A, C2-4
• Total annual income: $250,000
• Property tax: $25,062
• Insurance: $8,000
• 9 electric meters and 8 gas meters
• Each unit has its own boiler and water heater (8 sets in total)
• Easy and low-maintenance management
Whether you're a seasoned investor or looking to expand your portfolio, this high-income property offers steady cash flow and strong long-term appreciation potential. Located in one of Brooklyn's most desirable neighborhoods, this is a rare opportunity not to be missed!
Contact the listing agent today for more details and to schedule a private tour!
This high-quality mixed-use building is located at the intersection of 57th Street and 7th Avenue — one of the most vibrant commercial corridors in Brooklyn.
Property highlights:
• One commercial storefront + 7 spacious residential units(All units feature 3 bedrooms, 1 living room, and 1 bathroom.)
• Building dimensions: 25' x 75', total building area approx. 6,700 SF
• Lot size: 25' x 100'
• Zoning: R7A, C2-4
• Total annual income: $250,000
• Property tax: $25,062
• Insurance: $8,000
• 9 electric meters and 8 gas meters
• Each unit has its own boiler and water heater (8 sets in total)
• Easy and low-maintenance management
Whether you're a seasoned investor or looking to expand your portfolio, this high-income property offers steady cash flow and strong long-term appreciation potential. Located in one of Brooklyn's most desirable neighborhoods, this is a rare opportunity not to be missed!
Contact the listing agent today for more details and to schedule a private tour!
Location
State NY
County Kings (brooklyn)
Area Sunset Park
Zoning R7A, C2-4
Rooms
Basement Finished, Full
Interior
Interior Features None
Hot Water Gas
Heating Gas
Flooring Hardwood, Laminate
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 4
Foundation Block, Stone
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Century 21 Realty First