4222 Ave D, Brooklyn, NY 11203
sale
$999,999
|
Other
Courtesy Of 5 BORO REALTY CORP
Welcome to this exceptional mixed-use investment opportunity in the heart of East Flatbush, Brooklyn! This versatile property offers excellent income-producing potential for investors and business owners alike. The property features an existing 2-bedroom, 1-bathroom unit generating $2,600 in monthly rental income, along with a ground-floor commercial space offering the potential to generate an additional $10,000 per month. This brings the total projected rental income to $12,600 monthly, or $151,200 annually. Additional highlights include approximately 2,000 square feet of potential rentable commercial space, with the possibility of accommodating four separate units-one storefront in the front and three spaces in the rear, subject to applicable approvals. The property also features a backyard and convenient shutter access to the basement. Annual expenses include approximately $12,221 in property taxes, $3,600 in insurance, and $1,800 in water costs. Based on the stated income and expenses, the property offers a projected Net Operating Income (NOI) of approximately $133,579 and an estimated capitalization rate of 13.36% based on a $1,000,000 property valuation, before additional operating expenses. Conveniently located near shopping, transportation, and neighborhood amenities, this East Flatbush mixed-use property offers flexibility, strong projected rental income, and long-term investment potential. Don't miss this opportunity!
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Property Features
- Age: Over 50 Years Old
- Amenities: Security System
- Architecture Style: Other
- Exterior Type: Brick
- Floor Covering: Hardwood
- Heating System: Baseboard
- Heating System: Natural Gas
- MLSID: 12047233
- Roof Type: Slate
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
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