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$ 3,188,888
Est. payment /mo
Active
8001 18th AVE Brooklyn, NY 11214
4,860 SqFt
UPDATED:
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,860 sqft
Price per Sqft $656
MLS Listing ID 496079
Annual Tax Amount $44,433
Property Sub-Type Mixed Use
Property Description
A rare opportunity to acquire a fully renovated, income-producing mixed-use property on a prominent corner of 18th Avenue. The building measures 20 × 81 and consists of one retail store and five free-market residential apartments.
Recently updated with modern finishes, each unit is separately metered with independent heating and hot water systems. Tenants are responsible for their own utilities, ensuring streamlined management and reduced overhead.
The commercial space provides excellent visibility and consistent foot traffic, while the residential units deliver stable rental income with strong upside potential. With total annual gross income of approximately $224,052 and net operating income of $159,619, this property offers a compelling cap rate in today's market.
Perfect for investors and 1031 exchange buyers seeking a turnkey asset in a high-demand neighborhood. Situated in Bensonhurst's thriving commercial corridor, the location combines strong rental fundamentals with long-term appreciation potential.
Recently updated with modern finishes, each unit is separately metered with independent heating and hot water systems. Tenants are responsible for their own utilities, ensuring streamlined management and reduced overhead.
The commercial space provides excellent visibility and consistent foot traffic, while the residential units deliver stable rental income with strong upside potential. With total annual gross income of approximately $224,052 and net operating income of $159,619, this property offers a compelling cap rate in today's market.
Perfect for investors and 1031 exchange buyers seeking a turnkey asset in a high-demand neighborhood. Situated in Bensonhurst's thriving commercial corridor, the location combines strong rental fundamentals with long-term appreciation potential.
Location
State NY
County Kings (brooklyn)
Area Bensonhurst
Zoning r5
Rooms
Basement Finished, Full
Interior
Interior Features Other
Hot Water Other
Heating Other
Flooring Other
Heat Source Other
Exterior
Exterior Feature Brick
Roof Type Other
Building
Foundation Other
Others
Energy Description Other
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by RE/MAX Edge