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    332 Kings Highway

    BROOKLYN, NY 11223
    • $4,380,888
    • STATUS: Active
    • ON SITE: 71 days
    • MLS #: 445109
    UPDATED: 59 min ago
    $4,380,888
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,324
      SQFT
    • $693
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Area:

    School Ratings & Info

    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.

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    © 2021 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 Team Gio | RE/MAX Central. Data last updated: 2021-01-15T20:00:18.9.
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    332 Kings Highway BROOKLYN, NY 11223

    • Price: $4,380,888
    • Status: Active
    • Updated: 59 min ago
    • MLS #: 445109
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    6,324
    SQFT
    $693
    $/SQFT
    Neighborhood:
    Brooklyn
    County:
    Kings (Brooklyn)
    Area:
    Bensonhurst
    Property 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.
    Exterior Features

    Building Length 93.00 Building Width 22.00 Commercial Features Exterior Fence - PartialSign - Building Construction Materials Brick Exterior Brick Loading Docks None Lot Size Length 97 Lot Size Width 22 Parking Feature None Roof FlatRubber Yard BackSideFenced - Full

    Interior Features

    Basement Amenities Semi-Finished Building Footprint Sq Ft 2046 Commercial Features Interior Heated Flooring CeramicHardwoodParquetTile Foundation Details Block Heat Delivery Steam/Radiator Lavatories 4+

    Property Features

    Commercial Condo 0 Construction Type Semi-Detached Cross Street Name West 5th Electric 220 VCircuit Breakers Financing Bank MortgageCash Fuel Expense 2200.00 Heating Fuel Gas Hot Water Gas Insurance Expense 3100.00 Lot Size Irregular YN 1 Number Of Families 5 Number Of Stores 2 Property Sub Type Mixed Use Property Type Mixed Use Sale Type Agent Owned Tax Amount 20000.00 Transaction Type Sale Zoning R7a C2-3

    Listing information © 2021 Brooklyn New York Multiple Listing Service, Inc.
    Listing provided courtesy of Sav-A-Lot Realty Inc.


    © 2021 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 Team Gio | RE/MAX Central. Data last updated: 2021-01-15T20:00:18.9.
     
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