Alexey Kogan
This listing was posted on Alexey Kogan (via ListedBuy).
$1,989,000
308 Crescent Street
Price:
$1,989,000
BR/BA:
3 BR, 2 BA
Location:
308 Crescent Street, Brooklyn, NY
Description:
Great investment opportunity. This Mixed Use property, on a 2,930 sq ft lot, with 5.7% Cap Rate! The property is located on Crescent St between Atlantic Ave & Fulton St in Cypress Hills, and consists of Two Storefronts + Two 3BR 2Bath apartments. The storefronts take 109 ft of space on super busy Atlantic Ave, and are currently saleed to a church and a catering space. Each storefront is paying $3,500 per month. Both storefronts also pay their share of property taxes of $4967 each annually. Each apartment is paying $2,500 per month. There are no leases in place. Each lease is month to month. Total income is $153,936. Expenses are 39,425.40. Net Revenue is $114,510.60. Entire place was gut renovated 4 years ago, new roof, windows, plumbing, electricity, water heating system, boilers, hot water tanks, fully finished basement, apartments, hallway, check photos. The property also has air rights for future development opportunities. Still available at ListedBuy!
Property Type:
Open Houses
For sale by:
Agent/Broker
Agent Name:
Alexey Kogan
Posted:
August 31 2023 on ListedBuy
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More About this Listing: 308 Crescent Street
308 Crescent Street is a Three Bedroom Two Bath Open Houses Listing at 308 Crescent Street in Brooklyn NY. Find other listings like 308 Crescent Street and listings near 308 Crescent Street by searching Oodle Classifieds for Three Bedroom Two Bath Open Houses Listings in Brooklyn NY.
308 Crescent Street is a Three Bedroom Two Bath Open Houses Listing at 308 Crescent Street in Brooklyn NY. Find other listings like 308 Crescent Street and listings near 308 Crescent Street by searching Oodle Classifieds for Three Bedroom Two Bath Open Houses Listings in Brooklyn NY.