332 Kings Highway

Description

Bensonhurst-Gravesend Prime Location. Corner Kings Highway & West 5th Street. Excellent High traffic location. Great Commercial and Residential Investment Property with Two Stores & 5 family . The front professional office on Kings Highway has been A Century 21 Real Estate Office for almost 30 years . Transacting Tens of thousands of Residential & Commercial Sales and rentals through this office. The side store with its own entrance has been a Mortgage brokerage Services business complimenting the real estate business. The Owner is considering to Semi retire after almost 40 years of serving the Brooklyn communities . Currently the stores rental income is $ 7,000. per month + one third annual real estate taxes ( $ 7,000. ) The 5 family consist of ( 4 ) two bedroom apartments and ( 1 ) one bedroom . Current rental income $ 8,925. per month.All of the apartments have been completely renovated with high end custom kitchens and Imported Italian tile Bathrooms. The Basement is semi finish used as storage for an additional $ 1,000. per month. There is the potential of renting billboard space on the corner third story building for $ 1,000.- $1,500. per month. This is a REAL MONEY MAKER. The Main operating components of the building is as follows: Brand new high efficiency gas boiler & water heater. Brand new chimney smoke stack from basement to the roof. Forty three new windows & window lentils were installed 3 years ago.. The electric has been up graded throughout the building with each apartment having its own circuit breaker panel boxes. The entire hallway has Emergency Exit signs and lighting on each floor. The building was steam cleaned & pointed 5 years ago. Building in excellent condition. ATTENTION DEVELOPERS !!! ZONING IS R-7a C2-3 far 4.0 Check with architect Possible seller financing with 50-60 % down payment. Buyers must verify all information and bears all risks for any inaccuracies.