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332 Kings Highway
Brooklyn, NY 11223

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Property Details

List Price: $4,380,888
Beds: --
Baths: --
Status: Active
SqFt: 6324
Agency: Sav-A-Lot Realty Inc

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Lot Size: 2,152 sqft
Property Type: Other
Year Built: --
Notes: Bensonhurst-Gravesend Prime Location. Corner Kings Highway & West 5th Street. Excellent High traffic location. Great Commercial and Residential Investment Property with Two Stores & 5 family . The front professional office on Kings Highway has been A Century 21 Real Estate Office for almost 30 years . Transacting Tens of thousands of Residential & Commercial Sales and rentals through this office. The side store with its own entrance has been a Mortgage brokerage Services business complimenting the real estate business. The Owner is considering to Semi retire after almost 40 years of serving the Brooklyn communities . <br /> Currently the stores rental income is $ 7,000. per month + one third annual real estate taxes ( $ 7,000. ) <br /> The 5 family consist of ( 4 ) two bedroom apartments and ( 1 ) one bedroom . Current rental income $ 8,925. per month.<br /> All of the apartments have been completely renovated with high end custom kitchens and Imported Italian tile Bathrooms. <br /> The Basement is semi finish used as storage for an additional $ 1,000. per month. <br /> There is the potential of renting billboard space on the corner third story building for $ 1,000.- $1,500. per month.<br /> This is a REAL MONEY MAKER.<br /> The Main operating components of the building is as follows:<br /> Brand new high efficiency gas boiler & water heater. Brand new chimney smoke stack from basement to the roof.<br /> Forty three new windows & window lentils were installed 3 years ago.. The electric has been up graded throughout the building <br /> with each apartment having its own circuit breaker panel boxes. <br /> The entire hallway has Emergency Exit signs and lighting on each floor. <br /> The building was steam cleaned & pointed 5 years ago. <br /> Building in excellent condition. <br /> ATTENTION DEVELOPERS !!! ZONING IS R-7a C2-3 far 4.0 Check with architect<br /> Possible seller financing with 50-60 % down payment. Buyers must verify all information and bears all risks for any inaccuracies.

Listing Provided By: Sav-A-Lot Realty Inc, original listing
Office Phone: (718) 336-1144
Agent Name: Robert S Scaglione
Disclaimer: Copyright © 2021 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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