![[Sunset Park Real Estate, listing number 3347821]](https://www.vlshomes.com/images/full/3347821a.jpg)
| Description: 3347821 | |
| Prime Sunset Park location! Excellent mixed-use investment property featuring 1 commercial store + 2 residential units, offering strong income and exceptional investment potential. Currently generating $13,825/month in gross rental income, with a 7%+ return based on the current asking price and stated operating expense structure. The 1st-floor commercial space is currently leased at $8,100/month through April 2027, with the option to renew or occupy for your own business. The 2nd-floor unit rents for $2,800/month and the 3rd-floor unit for $2,925/month; both are currently delivered without leases, providing flexibility for investors or owner-users. Tenants are responsible for all operating expenses, including heat, hot water, real estate taxes and water charges. The heating and hot-water systems are separated, making management and expense control easier. The property is zoned R7A/C2-4, offering attractive potential for future expansion and additional development. Located on busy 4th Avenue with excellent visibility and heavy pedestrian and vehicular traffic. The R subway station is just minutes away, with multiple bus routes nearby. Surrounded by shops, banks, schools, restaurants and a wide variety of services, this high-density, vibrant Sunset Park community continues to benefit from ongoing development and population growth. A rare opportunity combining strong current income, low owner expenses, flexible occupancy options and future development potential. Motivated seller welcomes serious offers. Donâ??t miss this excellent Sunset Park investment opportunity! | |
Details: |
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| Families: | 2 | |
| Property Type: | Mixed Use | |
| Lot Size: | 18.17 x 100 | |
| Built: | 1931 | |
Financials: |
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| Price: | $2,260,000 | |
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