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6324 20th AVE Brooklyn, NY 11204
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Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 506040
Annual Tax Amount $24,405
Property Sub-Type Mixed Use
Property Description
A Prime Corner Mixed-Use Investment on 20th Avenue, This well-maintained corner building on 20th Avenue has four stories plus a basement, with 4 commercial storefronts and 9 residential apartments. The building measures approximately 25 × 100 ft on a 25 × 100 ft lot. The corner location gives the storefronts strong street visibility, and the property brings in income from several sources. Income & expenses Reported annual rental income: approx. $200,000, Annual property taxes: approx. $24,400 ,One store is vacant now, and two apartments are expected to be delivered vacant. A buyer can sign new leases at market rents and potentially raise income. The electrical and gas systems have been updated, and the heating system was installed within the past few years. excellent location Close to shopping, local educational options, the N train, and express bus service to Manhattan. This is an established income property with room to grow, a strong fit for investors who want cash flow now and rental upside later.
Location
State NY
County Kings (brooklyn)
Area Bensonhurst
Rooms
Basement Full, Separate Entrance
Interior
Interior Features Other
Hot Water Gas
Heating Gas
Flooring Hardwood, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Rubber
Building
Foundation Block, Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by RE/MAX Edge
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