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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

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(718) 987-7900