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    332 Kings Highway

    BROOKLYN, NY 11223
    • $4,250,888
    • STATUS: Active
    • ON SITE: 32 days
    • MLS #: 451026
    UPDATED: 45 min ago
    $4,250,888
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,324
      SQFT
    • $672
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Area:

    School Ratings & Info

    Description

    Bensonhurst-Gravesend Prime Location. Corner Kings Highway & West 5th Street. Excellent High traffic location. Great Commercial and Residential Investment Property with Two Stores & 5 family . The front professional office on Kings Highway has been A Century 21 Real Estate Office for almost 30 years . Transacting Tens of thousands of Residential & Commercial Sales and rentals through this office. The side store with its own entrance has been a Mortgage brokerage Services business complimenting the real estate business. The Owner is considering to Semi retire after almost 40 years of serving the Brooklyn communities . Currently the stores rental income is $ 7,000. per month + one third annual real estate taxes ( $ 7,000. ) The 5 family consist of ( 4 ) two bedroom apartments and ( 1 ) one bedroom . Current rental income $ 8,775. per month. All of the apartments have been completely renovated with high end custom kitchens and Imported Italian tile Bathrooms. The 800 sq ft finished basement is tastefully finished ideal for recreational use only ( pool table etc. ) with the first floor apartment Which will generate a higher rent. The front half of the basement ( approximate 1200 sq.ft. ) can be rented as storage for contractors , private side entry on West 5th Street side for an additional $ 1,000. per month. There is the potential of renting billboard space on the corner third story building for $ 1,000.- $1,500. per month. There is also an opportunity to hang a banner from the building. This is a REAL MONEY MAKER. The Main operating components of the building are as follows: Brand new high efficiency gas boiler & water heater. Brand new chimney smoke stack from basement to the roof. Forty three new windows & window lentils were installed 3 yrs ago.. Each apartment has breaker panel boxes. The building was steam cleaned & pointed 5 years ago. April 2021 the fencing and fire escape has been painted. Building in excellent condition.

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    © 2021 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Laurie Savino Realtor | RE/MAX. Data last updated: 2021-06-14T20:00:17.987.
    www.lauriesavino.com/homes/117092822
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    332 Kings Highway BROOKLYN, NY 11223

    • Price: $4,250,888
    • Status: Active
    • Updated: 45 min ago
    • MLS #: 451026
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    6,324
    SQFT
    $672
    $/SQFT
    Neighborhood:
    Brooklyn
    County:
    Kings (Brooklyn)
    Area:
    Bensonhurst
    Property Description
    Bensonhurst-Gravesend Prime Location. Corner Kings Highway & West 5th Street. Excellent High traffic location. Great Commercial and Residential Investment Property with Two Stores & 5 family . The front professional office on Kings Highway has been A Century 21 Real Estate Office for almost 30 years . Transacting Tens of thousands of Residential & Commercial Sales and rentals through this office. The side store with its own entrance has been a Mortgage brokerage Services business complimenting the real estate business. The Owner is considering to Semi retire after almost 40 years of serving the Brooklyn communities . Currently the stores rental income is $ 7,000. per month + one third annual real estate taxes ( $ 7,000. ) The 5 family consist of ( 4 ) two bedroom apartments and ( 1 ) one bedroom . Current rental income $ 8,775. per month. All of the apartments have been completely renovated with high end custom kitchens and Imported Italian tile Bathrooms. The 800 sq ft finished basement is tastefully finished ideal for recreational use only ( pool table etc. ) with the first floor apartment Which will generate a higher rent. The front half of the basement ( approximate 1200 sq.ft. ) can be rented as storage for contractors , private side entry on West 5th Street side for an additional $ 1,000. per month. There is the potential of renting billboard space on the corner third story building for $ 1,000.- $1,500. per month. There is also an opportunity to hang a banner from the building. This is a REAL MONEY MAKER. The Main operating components of the building are as follows: Brand new high efficiency gas boiler & water heater. Brand new chimney smoke stack from basement to the roof. Forty three new windows & window lentils were installed 3 yrs ago.. Each apartment has breaker panel boxes. The building was steam cleaned & pointed 5 years ago. April 2021 the fencing and fire escape has been painted. Building in excellent condition.
    Exterior Features

    Building Length 93.00 Building Width 22.00 Commercial Features Exterior Doors - 10 Ft And UnderSign - Building Construction Materials Brick Exterior Brick Loading Docks None Lot Size Length 100 Lot Size Width 22 Parking Attributes None Parking Feature None Roof Flat Yard BackFenced - Partial

    Interior Features

    Basement Amenities Finished Building Footprint Sq Ft 2046 Ceiling Height 11-15 Foot Commercial Features Interior Other Flooring CeramicConcreteHardwoodParquetTile Foundation Details Block Heat Delivery Steam/Radiator Lavatories 4+ Walls Block

    Property Features

    Block 6652 Certificate Of Occupancy YN 1 Commercial Condo 0 Construction Type Semi-Detached Cross Street Name Kings Highway Cross Street Name2 West 5th Electric 200 Amp220 VCircuit Breakers Financing 1031 ExchangeBank MortgageCash Fuel Expense 3600.00 Gross Income 214500 Heating Fuel Gas Hot Water Gas Insurance Expense 3500.00 Lot Number 65 Lot Size Irregular YN 1 Net Operating Income 190150.00 Number Of Families 5 Number Of Stores 2 Property Sub Type Mixed Use Property Type Mixed Use Sale Type Agent Owned Tax Amount 14000.00 Transaction Type Sale Utility Expense 450.00 Zoning R7 C2-3

    Listing information © 2021 Brooklyn New York Multiple Listing Service, Inc.
    Listing provided courtesy of Sav-A-Lot Realty Inc.


    © 2021 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Laurie Savino Realtor | RE/MAX. Data last updated: 2021-06-14T20:00:17.987.
     
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    8201 3rd Avenue
    Brooklyn NY, 11209