6324 20th Avenue

New York NY 11204

9250 sq. ft.

2500 sq. ft.

Other

Currently for sale - view listing

Overview

A Prime Corner Mixed-Use Investment on 20th Avenue, This well-maintained corner building on 20th Avenue has four stories plus a basement, with 4 commercial storefronts and 9 residential apartments. The building measures approximately 25 × 100 ft on a 25 × 100 ft lot. The corner location gives the storefronts strong street visibility, and the property brings in income from several sources. Income & expenses Reported annual rental income: approx. $200,000, Annual property taxes: approx. $24,400 ,One store is vacant now, and two apartments are expected to be delivered vacant. A buyer can sign new leases at market rents and potentially raise income. The electrical and gas systems have been updated, and the heating system was installed within the past few years. excellent location Close to shopping, local educational options, the N train, and express bus service to Manhattan. This is an established income property with room to grow, a strong fit for investors who want cash flow now and rental upside later.

Features

9250 sq. ft. floor area

2500 sq. ft. lot size

Other

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