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332 Kings Highway, Brooklyn, New York, 11223

$3,899,888

0

Beds

Bathrooms

6,417

Building Sqft

0.05

Acres

2,134

Lot Sqft

About 332 Kings Highway

Brooklyn’s Best Corner Commercial Investment Building for Sale. Welcome to an exceptional income -producing opportunity in a Prime Bensonhurst location. This solid corner FREE MARKET brick property spans over 6414 square feet with 3 stories, 23 feet by 93 feet long of fine colorful yellow brick and architecture & a 11-foot black entrance door to residence entry. The residential units consist of FOUR 2-bedroom renovated apartments and a 1650 square foot first floor duplex featuring 3 bedrooms,2 full bathrooms,2 living rooms,2 kitchens, a home office ideal for the virtual businessperson. Commanding a a premium rental income. In Addition, Store # 1 is a Prime Corner KINGS HIGHWAY Hair Salon with 20 feet front & 16 feet side windows exposure can be seen. Excellent Income of $5047. per month plus Sept 2026 the Real Estate tax of 25 % kicks in of the current then R.E. tax to be paid by the store tenant. Store # 2 has an independent new store front currently a medical billing office on the side building. The current rent is $2912. which includes partial front half of basement. The rental income is $ 2912. per month. Currently the building income is $259,008. with expenses of approximately $38,000. NOI $219,008. With moderate rent increases for next year $279,000. Easily can offer much higher potential rental income with more # of individuals renting in the apartment. The potential upside to building up 6-7 stories, zoning R7A-2 commercial inlay. To build Condos. ALL Functional building equipment has been replaced in the past 5 years. New – Gas heating system,43 Windows, New EPDM roof, upgraded electric per apartment, hallway painted., brick pointing, steam cleaning, outside concrete. If you are an investor seeking a stable investment with dependable rents and low building maintenance this is your opportunity you won’t want to miss. Owner will consider holding some financing.

Features of 332 Kings Highway

MLS® #
499328
Acres
0.05
Type
Mixed Use
Price
$3,899,888
Square Footage
6,417
Sub-Type
Mixed Use

Community Information

Address
332 Kings Highway
City
Brooklyn
County
Kings (Brooklyn)
State
New York
Zip Code
11223

Listing Information

Agent Name
Robert S. Scaglione
Agent Office
RE/MAX Edge

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(718) 987-7900