COMMERCIAL/355 Kings Highway

New York NY 11223

10327 sq. ft.

Condo

Currently for sale - view listing

Overview

We are pleased to announce the sale of the commercial condominium located on Kings Highway and West Fourth Street in the Gravesend neighborhood of Brooklyn. The unit occupies the entire ground floor of the building totaling approximately 10,000 rentable square feet. The unit is currently leased to NYSARC (New York State Rehab Center) since 2010 and currently generates approximately $340,577 in annual revenue and nets approximately $271,685 in net operating income. The subject offers investors an opportunity to purchase an asset with stabilized cash flow with a long standing tenant. The current lease expires in September 2025 and the tenant wants to renew for an additional lease term.

Features

1 bedroom

3 bathrooms

10327 sq. ft. floor area

Condo

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Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Elysa Berlin

at Compass

View listing

Sales:: (619) 566-0008

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