Description

Rare-find oversized corner mixed-use investment property featuring 2 commercial stores and 5 residential apartments, none rent stabilized, ideally positioned at the intersection of Quentin Road and West 10th Street, where the Kings Highway and Quentin Road commercial corridors meet. The first floor features a long-established laundromat, a convenience store, and a rear 2-bedroom apartment. The second floor consists of one 3-bedroom and one 2-bedroom apartment, while the third floor offers two additional 2-bedroom apartments. Residential units feature separate living rooms and eat-in kitchens. The property generates approximately $170,000 in annual income with approximately $120,000 NOI, plus an estimated $40,000 in potential additional rental income. The building measures approximately 20' × 100' on the first floor and 20' × 90' on the second and third floors, totaling approximately 5,600 SF plus a full basement. Prime corner location with excellent visibility and exposure along the Kings Highway commercial corridor. C2-3/R7A zoning offers additional long-term development potential, subject to independent verification. An exceptional opportunity for investors seeking multiple income streams, strong existing cash flow, rental upside, and future development potential in a prime Brooklyn commercial location.

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Property information

Property type

Residential Income

Sub-type

Mixed Use

Year built

1926

Living area

5,600 Sq Ft

Lot size

0.05 acres

Annual taxes

$28,918

Price / Sq Ft

$464

Days on market

30

Zoning

C2-3/R7A

Features

Appliances

Gas Water Heater

Heating

Steam · Natural Gas

Flooring

Hardwood · Laminate · Tile

Roof

Flat

Construction

Brick

Basement

Full