Buy with Yoreevo
$3,929,017
List Price: $3,999,000
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332 Kings Highway
House in Gravesend •  building info
studio
Buy with Yoreevo

$3,929,017

List Price

$3,999,000

Key Details
Listed today
Last price change
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Estimated payment
$23,828/mo
Taxes
$2,250/mo
Maintenance
N/A
Description
Brooklyn's Best Corner Commercial Investment Building for Sale. Welcome to an exceptional income-producing opportunity in a Prime Bensonhurst location. This solid corner FREE MARKET brick property spans over 6,414 square feet with 3 stories, 23 feet by 93 feet long of fine colorful yellow brick and architecture & an 11-foot black entrance door to residence entry. The residential units consist of FOUR 2-bedroom renovated apartments and a 1,650 square foot first floor duplex featuring 3 bedrooms, 2 full bathrooms, 2 living rooms, 2 kitchens, a home office ideal for a virtual businessperson. Commanding a premium rental income. In addition, Store #1 is a Prime Corner KINGS HIGHWAY Hair Salon with 20 feet front & 16 feet side windows exposure. Excellent income of $5,047 per month plus Sept 2026 the real estate tax of 25% kicks in of the current then R.E. tax to be paid by the store tenant. Store #2 has an independent new storefront currently a medical billing office on the side building. The current rent is $2,912, which includes partial front half of basement. The rental income is $2,912 per month. Currently the building income is $259,008 with expenses of approximately $38,000. NOI $221,000. With moderate rent increases for next year $279,000. Easily can offer much higher potential rental income with more individuals renting in the apartments. The potential upside to building up 6-7 stories, zoning R7A-2 commercial inlay. To build condos. All functional building equipment has been replaced in the past 5 years. New - gas heating system, 43 windows, new EPDM roof, upgraded electric per apartment, hallway painted, brick pointing, steam cleaning, outside concrete. For investors seeking a stable investment with dependable rents and low building maintenance, this is an opportunity worth considering. Owner will consider holding some financing.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$3,999,000
Asking Price: $3,999,000
Term
30 Years
Down Payment
$399,000 (10%)
Min: 10% (399,000)
Rate
6.0 %
Mortgage Amount
$3,599,100
Mortgage Payment
$21,578
Taxes
$2,250
Estimated Yoreevo rebate
$69,983
Estimated closing cost
$153,000
Total monthly cost $23,828
Buy your dream home with us and get an estimated $69,983 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of RE/MAX Edge

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