8001 18th Ave

New York NY 11214

4860 sq. ft.

0.04 ac.

Single-Family

Currently for sale - view listing

Overview

A rare opportunity to acquire a fully renovated, income-producing mixed-use property on a prominent corner of 18th Avenue. The building measures 20 81 and consists of one retail store and five free-market residential apartments. Recently updated with modern finishes, each unit is separately metered with independent heating and hot water systems. Tenants are responsible for their own utilities, ensuring streamlined management and reduced overhead. The commercial space provides excellent visibility and consistent foot traffic, while the residential units deliver stable rental income with strong upside potential. With total annual gross income of approximately $224,052 and net operating income of $159,619, this property offers a compelling cap rate in todays market. Perfect for investors and 1031 exchange buyers seeking a turnkey asset in a high-demand neighborhood. Situated in Bensonhursts thriving commercial corridor, the location combines strong rental fundamentals with long-term appreciation potential.