For Sale

Listed by Qi Kang Mei

Source: Brooklyn Board of REALTORS® #501915

774 48th Street, New York, NY, 11220

$3,680,000

1640 sq. ft.
0.05 ac.

Other

30+ days on the market

What's around 774 48th Street

About this property

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!

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