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: Underwent a comprehensive renovation less than six years ago for modern comfort and functionality.
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.
Financial Snapshot:
Projected Rent Roll: $8,375/month
Projected Net Income: $7,247+/month after expenses.
Contact:
Seize this extraordinary opportunity to embark on a winning project. Call now to turn your vision into reality!
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DAYS ON MARKET
|
261
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LAST UPDATED
|
3/26/2024
|
|
YEAR BUILT
|
0
|
COMMUNITY
|
Coney Island
|
|
COUNTY
|
Kings
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STATUS
|
Active
|
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PROPERTY TYPE(S)
|
Multi Family
|
|
|
| APPLIANCES |
Cooktop, Gas Water Heater, Refrigerator |
| AREA |
Coney Island |
| BASEMENT |
Finished, Full, Yes |
| CONSTRUCTION |
Brick, Vinyl Siding |
| HEAT |
Baseboard, Natural Gas |
| LOT |
4792 sq ft |
| LOT DIMENSIONS |
119 x 40 |
| STORIES |
2 |
| TAXES |
5038 |
| ZONING |
M1-2 |
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Listing provided by Alexander Sasha Gurevich, eXp Realty BKNY
The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.
This IDX solution is (c) Diverse Solutions 2024.
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