$4,250,888
Estimated Payment$20,076/mo

332 Kings Highway, Brooklyn, NY 11223

StudioBeds
6,324Sq. Ft.
Renovated Private House

Bensonhurst-Gravesend Prime Location. Corner Kings Highway & West 5th Street. Excellent High traffic location. Great Commercial and Residential Investment Property with 2 Stores & 5 family . Cap Rate 5.04 %.The front professional office on Kings Highway has been A Century 21 Real Estate Office for almost 30 years .The side store has its own entrance. The 2 stores rental income is $ 7,000. per month + 1/3 annual Re taxes . The 5 family consist of ( 4 ) 2 bedroom apartments and ( 1 ) 1 bedroom . Current apartment rental income $8,775. per month. Total income is at least $15,875. and potential for more than $2,500. per month. All of the apartments have been completely renovated with custom kitchens and Imported Italian tile Bathrooms. The 800 sq ft basement is tastefully finished ideal for home office ,recreational use with the first floor apartment(duplex )and has interior staircase Which will generate additional $1,100.per month . The front half of the basement approximate 1200 sq.ft.can be rented as storage for contractors , for $1,000. per month. Renting billboard space on the corner 3 story building $1,000. per month . This is a Real Money Maker. The Main operating components of the building are as follows: Removed all old layers of roof and installed Totally brand new Epdm roof installed Aug. 2021 , 20 year guarantee. Brand new high efficiency gas boiler & water heater Feb. 2018. Brand new chimney smoke stack from basement to the roof March 2019. Forty three new windows & window lentils were installed 3 yrs ago.. Each apartment has breaker panel boxes, all upgraded electric service. The building was steam cleaned & pointed 5 years ago. In April 2021 the fencing and fire escape has been painted. The complete 3 story hallway was freshly painted September 2021.Building in excellent condition. If you desire an investment property without any problems this is truly a gem. Projected Gross $229k Zoning R7a -C2-3 overlay. Don't pass up Great opportunity.

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Listing Agent
Robert S Scaglione
Sav-A-Lot Realty Inc
Brooklyn, NY
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$4,250,888

Studio Beds6,324 Sq. Ft.

332 Kings Highway

Brooklyn, NY 11223

Robert S Scaglione
Sav-A-Lot Realty Inc