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  • 284 Kings Highway
  • $ 3,899,000
284 Kings Highway Gravesend Brooklyn NY 11223
284 Kings Highway Gravesend Brooklyn NY 11223

284 Kings Highway

Gravesend

Building For Sale
$ 3,899,000
Ownership Mixed Use
Lot Size 23'x98'
Status Active
Real Estate Taxes [Per Annum] $ 41,975
Building Size 23'x98'
Year Built 1931
ASF/ASM 6,700/622
 

Photos

284 Kings Highway Gravesend Brooklyn NY 11223
284 Kings Highway Gravesend Brooklyn NY 11223
284 Kings Highway Gravesend Brooklyn NY 11223
284 Kings Highway Gravesend Brooklyn NY 11223
284 Kings Highway Gravesend Brooklyn NY 11223
284 Kings Highway Gravesend Brooklyn NY 11223
284 Kings Highway Gravesend Brooklyn NY 11223
284 Kings Highway Gravesend Brooklyn NY 11223
284 Kings Highway Gravesend Brooklyn NY 11223
284 Kings Highway Gravesend Brooklyn NY 11223
284 Kings Highway Gravesend Brooklyn NY 11223
284 Kings Highway Gravesend Brooklyn NY 11223
284 Kings Highway Gravesend Brooklyn NY 11223

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
284 Kings Highway Gravesend Brooklyn NY 11223

Property Description

Excellent income-producing mixed-use property featuring 4 residential family units and 2 storefronts in a desirable Brooklyn location. This property offers multiple income streams with strong rental potential, making it an excellent opportunity for investors seeking immediate cash flow and long-term appreciation. The combination of residential and commercial spaces provides flexibility and stability, while the storefronts offer valuable street-level exposure for businesses. A great addition to any investment portfolio with strong income potential and significant upside. The property consists of a deli and a restaurant on the first floor. There are two - 2 bedrooms apt and one 3 bedrooms along with an one bedroom apt. These 4 units have a rent increment for $200 per month in every Sept, the deli has a rent increment for $175 per month in every July and the restaurant also has a rent increment for $150 per month in every April. The cap rate is 4.4 % Don’t miss this opportunity to own a versatile Brooklyn mixed-use property with excellent income potential.
Excellent income-producing mixed-use property featuring 4 residential family units and 2 storefronts in a desirable Brooklyn location. This property offers multiple income streams with strong rental potential, making it an excellent opportunity for investors seeking immediate cash flow and long-term appreciation. The combination of residential and commercial spaces provides flexibility and stability, while the storefronts offer valuable street-level exposure for businesses. A great addition to any investment portfolio with strong income potential and significant upside. The property consists of a deli and a restaurant on the first floor. There are two - 2 bedrooms apt and one 3 bedrooms along with an one bedroom apt. These 4 units have a rent increment for $200 per month in every Sept, the deli has a rent increment for $175 per month in every July and the restaurant also has a rent increment for $150 per month in every April. The cap rate is 4.4 % Don’t miss this opportunity to own a versatile Brooklyn mixed-use property with excellent income potential.

Listing Courtesy of Ashford Homes LLC

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

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Apartment Features

Exposed Bricks
284 Kings Highway Gravesend Brooklyn NY 11223
284 Kings Highway Gravesend Brooklyn NY 11223

Building Details [284 Kings Highway]

Ownership Mixed Use
Block/Lot 6650/72
Building Size 23'x98'
Zoning R7A
Year Built 1931
Floors 3
Lot Size 23'x98'

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Loan Amount

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 504508