$1,573,000
$1,599,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
1248 Avenue U Brooklyn, NY 11229
2,000 SqFt
Key Details
Sold Price $1,573,000
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $786
MLS Listing ID 466959
Sold Date 09/22/23
Year Built 1927
Annual Tax Amount $8,845
Property Sub-Type Mixed Use
Property Description
Mix-use property, Prime location on Ave U in Sheepshead Bay. High traffic location between Coney Island Avenue and Ocean Avenue 3 blocks to express Q & B train. B3 bus conveniently stops on the same block. 1000 Sqft. Medical office (20x50) with full basement. Highly reliable tenants seeking new friendly owners to enjoy these long-term high income producing commercial tenant. ($ 7,102 per month, leased out to stable Eye Doctor office until February 2024 with additional 3 years option. Lease extension available and preferred. The 2nd floor residential 3 bedroom apartment rented $1900 per month with lease to April 2024. High return
(min.6%+ cap rate) investment opportunity
Location
State NY
County Kings (brooklyn)
Area Sheepshead Bay
Zoning R5
Rooms
Basement Full, Unfinished
Interior
Interior Features None
Hot Water Gas
Heating Gas
Flooring Hardwood
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 2
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
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Bought with Momentum Real Estate LLC