Brooklyn - Beach Property For Sale #4685399

Attention commercial investors, builders, and home buyers! Here's your chance to acquire a substantial residential property with boundless commercial potential in the vibrant enclave of Coney Island. This fully detached 2-family house, presents an unparalleled opportunity for lucrative investment or development.

Features:

Gut Renovated less than six years ago, this property underwent a gut renovation, ensuring modern comfort and functionality, followed by touch ups and cosmetic updates in 2024.
Generous Space: 8 bedrooms and 4 baths offer ample room for various living and investment arrangements.
Versatility: M1-2 zoning allows for diverse possibilities from manufacturing to retail.
Income Potential: Currently generating income from rented garages, with substantial projected rents.
Convenient Location: Close to the beach, boardwalk, and major highways, enhancing accessibility.
Low Taxes: Benefit from very low taxes, maximizing profitability.

Investment Potential:

Explore residential and commercial ventures, from manufacturing to community facilities.
Convert to manufacturing facilities, offices, retail outlets, or elevated parking.
Consider a community facility such as a daycare, hotel, or hospital.

Current Financial Snapshot:
Total month rent roll: $8, 125/m
Total monthly expenses: about $1,128/m (1000/month: taxes=420/m, insurance=208/m, gas=250/m, water=125/m)
Net monthly profit: over $7,125/m
Net annual profit: 85,500 (producing over 6.5% ROI)

Contact:
Seize this extraordinary opportunity to embark on a winning project. Call now to turn your vision into reality!