774 48th Street, Brooklyn, New York, 11220
$3,680,000
0
Beds
Bathrooms
1,640
Building Sqft
0.05
Acres
2,000
Lot Sqft
About 774 48th Street
Fully renovated mixed-use building with strong cash flow and minimal owner expenses!
Ground floor & basement leased to a large restaurant with multiple private dining rooms. Restaurant rent: $15,000/month Tenant pays all water bills and 50% of property taxes. Two residential apartments on the 2nd floor, each renting for $3,000/month, Approximately $250,000 annual rental income
3% annual rent increases built into the lease
Owner only pays 50% of property taxes and insurance
A rare investment opportunity offering stable income, low management, and long-term growth potential.
Don’t miss this exceptional Brooklyn investment property!
Features of 774 48th Street
MLS® #
501915
Acres
0.05
Type
Mixed Use
Price
$3,680,000
Square Footage
1,640
Sub-Type
Mixed Use
Community Information
Address
774 48th Street
City
Brooklyn
County
Kings (Brooklyn)
State
New York
Zip Code
11220
Listing Information
Agent Name
Qikang Mei
Agent Office
RE/MAX Edge
Get Directions to Property:
Payment Calculator