2
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$2,775,000
Est. payment /mo
3,621 SqFt
New
404 Brighton Beach AVE Brooklyn, NY 11235
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Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,621 sqft
Price per Sqft $766
MLS Listing ID 493575
Year Built 1927
Annual Tax Amount $7,888
Lot Dimensions 19 x 97
Property Sub-Type Mixed Use
Property Description
Prime Mixed-Use Building on Brighton Beach Avenue
Outstanding investment opportunity in the heart of Brighton Beach! This mixed-use property is located in a high foot-traffic area directly on Brighton Beach Avenue. The building features one retail store on the ground floor and three residential apartments above. Current rents are below market, with some non-paying tenants—seller is actively addressing the situation. With very low operating expenses and strong rental upside, this property has the potential to generate $200,000 in annual income. A solid value-add opportunity in one of Brooklyn's busiest commercial corridors.
Outstanding investment opportunity in the heart of Brighton Beach! This mixed-use property is located in a high foot-traffic area directly on Brighton Beach Avenue. The building features one retail store on the ground floor and three residential apartments above. Current rents are below market, with some non-paying tenants—seller is actively addressing the situation. With very low operating expenses and strong rental upside, this property has the potential to generate $200,000 in annual income. A solid value-add opportunity in one of Brooklyn's busiest commercial corridors.
Location
State NY
County Kings (brooklyn)
Area Brighton Beach
Zoning R6
Rooms
Basement Full
Interior
Interior Features None
Hot Water Gas
Heating Gas
Flooring Hardwood, Linoleum
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 3
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by RE/MAX Edge