This Prime Investment Opportunity In Coney Island Features A High-potential Mixed-use Property With A Warehouse And Three Residential Units On A 60’ X 119’ Lot (m1-2 Zoning), Allowing For Various Commercial And Industrial Uses With Potential Future Zoning Changes. The Warehouse Generates $5, 000/month (month-to-month, No Lease), While The Residential Units Bring In Additional Rental Income: A Two-bedroom Apartment At $2, 000/month And Two Three-bedroom Apartments At $2, 500/month Each. With Low Property Taxes Of $6, 670 Per Year And An Estimated 5% Cap Rate, This Property Offers Strong Investment Potential. Ideally Located Near Home Depot, Raymour & Flanigan, Best Buy, And Key Commercial Hubs, It Also Provides Convenient Access To Public Transportation Via The N, D, F, And Q Subway Lines And Quick Entry To The Belt Parkway. Perfect For Investors Or Owner-operators, This Property Allows For Stable Rental Income While Utilizing Or Leasing The Warehouse. With Ongoing Zoning Changes And Potential For Increased Floor Area Ratio (far), There May Be Future Opportunities For Vertical Expansion And Redevelopment. Don't Miss This Rare Chance To Acquire A High-yield Investment In A Growing Area—schedule A Viewing Today!
Property Information
Location/Town
Coney Island
Area/County
Brooklyn
Prop. Type
Three Family House for Sale
Style
Detached
Tax
$6,670.00
SqFt
2,592
# of Cars
6+ Spaces, Built-In Garage
Basement
Finished, Full
Exterior
Stucco, Vinyl Siding
Roof
Metal, Tile
Construction
Masonry
Foundation
Block, Other
Yard
Back, Front
Insurance/Year
$4,237.00
Lot SqFt
7,125
Fuel/Year
$4,987.00
Heat
Steam/Radiator
Electric
200 Amp
Roof
Metal, Tile
Lavatories
Unknown
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