253 Avenue X

    BROOKLYN, NY 11223
    • $1,250,000
    • STATUS: Active
    • ON SITE: 216 days
    • MLS #: 423778
    UPDATED: 61 min ago
    $1,250,000
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,870
      SQFT
    • $668
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1931
    Area:

    School Ratings & Info

    Description

    Great investment property with excellent return! Mixed-use property located at Avenue X and 86th Street. Walk to the F train at Ave X or N train at 86th Street. Lots of foot traffic. The lot has two buildings, a restaurant at the front and a 2-story apartment at the back. The storefront has been a Chinese restaurant since 1993 with a stable customer base and income. The apartment is a 2-level house with 2 bedrooms. Both the restaurant and apartment is on a month-to-month lease and can be sold with or without the tenant. Current market rent for the store is $5,000 and the apartment is $2,500. Both tenants pay their own utilities, separate gas, electric and water meter for both tenants. Low property tax approximately $5,000 annually. Potential cap rate of 6.5%.

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    © 2019 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2019-04-25T07:00:18.45.
    www.remaxedgeny.com/homes/87760536

    253 Avenue X BROOKLYN, NY 11223

    • Price: $1,250,000
    • Status: Active
    • Updated: 61 min ago
    • MLS #: 423778
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    1,870
    SQFT
    $668
    $/SQFT
    1931
    Built
    Neighborhood:
    Brooklyn
    County:
    Kings (Brooklyn)
    Area:
    Gravesend
    Property Description
    Great investment property with excellent return! Mixed-use property located at Avenue X and 86th Street. Walk to the F train at Ave X or N train at 86th Street. Lots of foot traffic. The lot has two buildings, a restaurant at the front and a 2-story apartment at the back. The storefront has been a Chinese restaurant since 1993 with a stable customer base and income. The apartment is a 2-level house with 2 bedrooms. Both the restaurant and apartment is on a month-to-month lease and can be sold with or without the tenant. Current market rent for the store is $5,000 and the apartment is $2,500. Both tenants pay their own utilities, separate gas, electric and water meter for both tenants. Low property tax approximately $5,000 annually. Potential cap rate of 6.5%.
    Exterior Features

    Building Length 54.00 Building Width 15.00 Commercial Features Exterior Other Construction Materials BrickOther Exterior Other Loading Docks None Lot Dimensions 20 X 111.75 Lot Size Length 112 Lot Size Width 20 Road Frontage 20 Roof Other Water Front Present No Yard Side

    Interior Features

    Basement Amenities Full Building Footprint Sq Ft 810 Commercial Features Interior Other Flooring Other Foundation Details Other Heat Delivery Other Lavatories 2

    Property Features

    Block 7173 Certificate Of Occupancy YN 1 Commercial Condo 0 Construction Type Semi-Detached Cross Street Name 86th Street Cross Street Name2 Stryker Street Electric Other Financing Bank MortgageCash Heating Fuel Other Hot Water Other Insurance Expense 2800.00 Lot Number 47 Lot Size Irregular YN 0 Number Of Available Units 2 Number Of Families 1 Number Of Stores 1 Property Sub Type Mixed Use Property Type Mixed Use Tax Amount 5166.00 Transaction Type Sale Zoning M1-1

    Listing information © 2019 Brooklyn New York Multiple Listing Service, Inc.
    Listing provided courtesy of Coldwell Banker Reliable R.E..


    © 2019 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2019-04-25T07:00:18.45.
     
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    Brooklyn NY, 11214