332 Kings Highway Brooklyn, NY 11223

232967326 40.604687 -73.97788 724 /listing/232967326-151168966/332-kings-highway-brooklyn-ny-11223 False 0 4188888.0 6324 105 427768 False
  • $4,188,888
  • 6,324 sqft
  • Est payment $22486.86/mo

Property Information

  1. 6,324 Sq. Ft.

Multi-Family in Brooklyn

Bensonhurst -Great Investment opportunity for investors and developers .Excellent high traffic location on Kings Highway and West 5th street. Corner investment property, three story building with 2 stores. Corner modern store/office has 40 feet of store front and side window exposure with 8 feet high glass on both sides. The side store has its own entrance,rented as an office. . Stores have central air & heat .There is (4) Two bedroom apartments and 1 ( one bedroom ) all occupied with potential for rent increases. All apartments have been gutted and renovated recently with State of the Art kitchens and bathrooms. Brand new high efficiency gas unit. The building is 22 feet by 93 feet long. The building is in excellent condition...Proforma cap income $ 201,000. annual. Expenses $ 21,350. Net operating income $ 172,850. Cap rate @ 4.50% Attention DEVELOPERS Zoning R 7a-C2-3 FAR 4.0 ( 8093.88 square feet ) Check with architect. Subject to errors and Omissions... IDEAL FOR 1031 TAX EXCHANGE. POSSIBLE SELLER FINANCING ... price reduced from $ 4,400,000 TO $ 4,188,888.Buyers must verify all information and bears all risks for any inaccuracies.

Courtesy Of Sav-A-Lot Realty Inc

Main Features

  • Listing Status: Active
  • Floors: 3
  • County: Kings
  • Taxes: $12,000.00
  • Zoning: R7a C2-3
  • MLS Number:427768

Additional Features

  • Commercial Features:
    • Fence - Partial
    • Fire - Smoke Alarm
    • Lobby
    • Sign - Building
  • Flooring:
    • Ceramic
    • Granite
    • Parquet
  • Lavatories:
    • 4+
  • Building Square Feet:
    • 2046
  • Building Type:
    • Semi-Detached
  • Construction:
    • Brick
  • Exterior Wall:
    • Plaster
  • Loading Dock:
    • None
  • Property Subtype:
    • Mixed Use
  • Roof:
    • Rubber
  • Basement Details:
    • Full
  • Foundation:
    • Block
  • Exterior:
    • Brick
  • Yard:
    • Back
    • Side
  • Electric:
    • 200 Amp
    • 220 V
    • Circuit Breakers
  • Heat:
    • Steam/Radiator
  • Heating Fuel:
    • Gas
  • Hot Water:
    • Gas
  • Financing:
    • 1031 Exchange
    • Bank Mortgage
    • Cash
  • Gross Income:
    • 194700
  • Net Operating Income:
    • 166550.00
  • Sale Type:
    • Agent Owned
  • Transaction Type:
    • Sale
  • CDOM:
    • 285
  • District:
    • Brooklyn
  • Cap Rate:
    • 0.04
  • Fuel Exp:
    • 3600.00
  • Gross Expenses:
    • 21350.00
  • Insurance Expense:
    • 3300.00
  • Lot Size Length:
    • 97
  • Lot Size Width:
    • 22
  • Lot Sq Ft:
    • 2152
  • Number Of Families:
    • 5
  • Number Of Stores:
    • 2
  • Owner Occupied:
    • Yes
  • Unit Count:
    • 7
  • Utilities Expenses:
    • 400.00
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.

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332 Kings Highway Brooklyn, NY 11223

232967326 40.604687 -73.97788 724 /listing/232967326-151168966/332-kings-highway-brooklyn-ny-11223 False 0 4188888.0 6324 105 427768 False
  • $4,188,888
  • 6,324 sqft
  • Est payment $22486.86/mo