Property Description

Welcome to this exceptional mixed-use investment opportunity in the heart of East Flatbush, Brooklyn! This versatile property offers excellent income-producing potential for investors and business owners alike.The property features an existing 2-bedroom, 1-bathroom unit generating $2,600 in monthly rental income, along with a ground-floor commercial space offering the potential to generate an additional $10,000 per month. This brings the total projected rental income to $12,600 monthly, or $151,200 annually.Additional highlights include approximately 2,000 square feet of potential rentable commercial space, with the possibility of accommodating four separate units-one storefront in the front and three spaces in the rear, subject to applicable approvals. The property also features a backyard and convenient shutter access to the basement.Annual expenses include approximately $12,221 in property taxes, $3,600 in insurance, and $1,800 in water costs. Based on the stated income and expenses, the property offers a projected Net Operating Income (NOI) of approximately $133,579 and an estimated capitalization rate of 13.36% based on a $1,000,000 property valuation, before additional operating expenses.Conveniently located near shopping, transportation, and neighborhood amenities, this East Flatbush mixed-use property offers flexibility, strong projected rental income, and long-term investment potential. Don't miss this opportunity!

Property Features

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