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Back 774 48th Street
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774 48th Street

New York NY 11220

1640 sq. ft.
0.05 ac.
Other
Currently for sale - view listing

Overview

Fully renovated mixed-use building with strong cash flow and minimal owner expenses! Ground floor & basement leased to a large restaurant with multiple private dining rooms. Restaurant rent: $15,000/month Tenant pays all water bills and 50% of property taxes. Two residential apartments on the 2nd floor, each renting for $3,000/month, Approximately $250,000 annual rental income 3% annual rent increases built into the lease Owner only pays 50% of property taxes and insurance A rare investment opportunity offering stable income, low management, and long-term growth potential. Dont miss this exceptional Brooklyn investment property!

Features

1640 sq. ft. floor area
0.05 ac. lot size
Other

Property history for 774 48th Street

2021
Sold
$1,200,000
18 May 2021 by Hui Yu, of REMAX Edge | Brooklyn

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