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182 Ave. S, Brooklyn, NY 11223

$1,199,000
Active Listing
Listing Details:
$1,199,000 Price
Multi-Family Townhouse Property Type
Gravesend Neighborhood
-- Beds
0 Baths
-- Approx. Sq. Ft.
$31 RET
Key Features:
Prewar
Unit Garden
Description:

Welcome to 182 Avenue S in the Gravesend section of Brooklyn. This Mixed Use building offers 2 spacious apartments, and a ground level store with access to a full basement. The store is currently occupied by a car service business, while the basement runs the full length of the building and is perfect for storage. There is access to the basement from the 1st floor hallway and from the front of the building. The 1st floor apartment located behind the store offers a kitchen, a full bathroom, 2 spacious bedrooms, a large living room, and access to the backyard. The top floor apartment is super spacious offering 3-4 bedrooms, a large living room, a kitchen, a full bathroom, and access to a covered rear terrace. Both apartments have long term tenants who are paying below market value rent. Potential Cap Rate of 4.5% with increases to market rent on residential units. Landlord responsible for water, heat, and hallway lighting. Owner ready to hear offers

Listing courtesy of Douglas Elliman Real Estate

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