4222 Avenue DBrooklyn, NY 11203

Description

Welcome to this exceptional mixed-use investment opportunity in the heart of East Flatbush, Brooklyn! This versatile property offers excellent income-producing potential for investors and business owners alike. The property features an existing 2-bedroom, 1-bathroom unit generating $2,600 in monthly rental income, along with a ground-floor commercial space offering the potential to generate an additional $10,000 per month. This brings the total projected rental income to $12,600 monthly, or $151,200 annually. Additional highlights include approximately 2,000 square feet of potential rentable commercial space, with the possibility of accommodating four separate units—one storefront in the front and three spaces in the rear, subject to applicable approvals. The property also features a backyard and convenient shutter access to the basement. Annual expenses include approximately $12,221 in property taxes, $3,600 in insurance, and $1,800 in water costs. Based on the stated income and expenses, the property offers a projected Net Operating Income (NOI) of approximately $133,579 and an estimated capitalization rate of 13.36% based on a $1,000,000 property valuation, before additional operating expenses. Conveniently located near shopping, transportation, and neighborhood amenities, this East Flatbush mixed-use property offers flexibility, strong projected rental income, and long-term investment potential. Don't miss this opportunity!

Property Information

Property type

Commercial Sale

Sub-type

Mixed Use

Year built

1933

Building area

2,000 Sq Ft

Lot size

0.04 acres

Days on market

2

MLS^® Listing#

1067595

Property Features

Cooling

Wall/Window Unit(s)

Heating

Natural Gas

Basement

Storage Space

Construction

Other

Utilities

See Remarks

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$12,546

Assessed value

$115,650

Parcel number

04976-0009

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