6322 20th Ave - Storefront FOR SALE


Brooklyn, NY 11204- Bensonhurst
$4,300,000 USD
917-292-1688
6322 20th Ave, Brooklyn, NY for Sale
$4,300,000 USD
Storefront - FOR SALE
1/25
null | 5.17% Cap Rate

6322 20th Ave
Brooklyn, NY 11204
Bensonhurst


HIGHLIGHTS

  • N Train Station
  • 9700 square feet is tremendous upside potential
  • Can be purchased the laundromat together

OVERVIEW

Prime Mixed-Use Investment Opportunity Rare opportunity to acquire a highly visible mixed-use property in the heart of Bensonhurst, one of Brooklyn’s busiest commercial corridors. Property Features: 1 Retail Store + 1 Residential Unit Delivered Vacant at Closing No Existing Lease Restrictions Low Property Taxes Excellent Owner-User or Investment Opportunity Projected Market Rent: Retail Store: $12,000/month 3-Bedroom Apartment: $2,900/month Financial Highlights: Gross Annual Income: $178,800 Estimated Annual Expenses: $13,000 Net Operating Income (NOI): $165,800 Cap Rate: Approximately 5.8% Price Improvement: Previous Asking Price: $3,900,000 New Asking Price: $2,900,000 Unbeatable Location Directly adjacent to the D Train Station entrance B8 Bus Stop right in front of the property Exceptional pedestrian and vehicle traffic Surrounded by established businesses, restaurants, and residential communities Outstanding visibility and exposure for retail use Properties with this combination of location, income potential, low carrying costs, and vacant delivery rarely become available. Whether you’re an investor seeking strong returns or an owner-user looking to establish a business in a prime location, this property presents a compelling opportunity. Asking Price: $4,300,000

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$442 USD /SF

CAP RATE

5.17%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,725 SF

ZONING

C1 R5, Brooklyn

APN/PARCEL ID

05541-0047

ASK ABOUT THIS PROPERTY

Franklin ShanTiger RealtyMore Info
917-292-1688

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Franklin ShanTiger RealtyMore Info
917-292-1688

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.