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$ 3,500,000
Est. payment /mo
Price Dropped by $99K
122 Avenue T Brooklyn, NY 11223
5,670 SqFt
UPDATED:
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,670 sqft
Price per Sqft $617
MLS Listing ID 495971
Annual Tax Amount $18,863
Property Sub-Type Mixed Use
Property Description
A magnificent newly renovated brick mixed-use property, fully redone from top to bottom, showcasing two prime commercial stores and four elegant residential units. Each residence is equipped with independent heat and hot water systems, allowing tenants to cover their own utilities and ensuring maximum efficiency for the owner. With a building size of 21 × 80 ft and a lot size of 21 × 90 ft, this impressive property also features a private garage and parking for two vehicles, along with brand-new plumbing and electrical systems that deliver both luxury and durability. Generating an annual gross income of $308,000 with minimal expenses of $38,633, the property achieves a strong net operating income of $269,537 and offers an outstanding cap rate. Ideally situated in a sought-after Brooklyn neighborhood celebrated for its vibrant shopping corridors, excellent schools, and convenient transportation, this is a rare opportunity to acquire a turnkey trophy investment with enduring value.
Location
State NY
County Kings (brooklyn)
Area Gravesend
Rooms
Basement Finished, Full
Interior
Interior Features Other
Hot Water Other
Heating Other
Flooring Other
Heat Source Other
Exterior
Exterior Feature Brick
Roof Type Other
Building
Story 3
Foundation Other
Others
Energy Description Other
Financing 1031 Exchange,Assumption,Bank Mortgage,Cash
Listed by RE/MAX Edge
