3324 Tilden Avenue, Brooklyn, NY, 11203
$1,750,000
Mixed Use
Commercial
Details
ML#: 925970
- Sale or Rent:Sale
- Year Built: 1931
- Taxes: $9,688
- Status:Active
Description
Excellent opportunity for investors to own a semi-attached corner mixed-use property located in the East Flatbush section of Brooklyn. The building is in good condition and fully occupied, offering a stable and high-income investment. Property features include: • One commercial store on the ground floor • Five residential apartments (all rented) • Garage in the rear for additional income The property produces a gross annual income of $162, 288 with gross expenses of $19, 898, offering a net income of approximately $142, 390. This results in a strong cap rate, making it an attractive investment for buyers seeking steady cash flow and long-term value growth. Located on a visible corner with excellent foot and vehicle traffic, close to public transportation, schools, and shopping.
More Property Details
Lot Size: 0.0429
Lot Sq Ft: 1869
Heat: Natural Gas
A/C: None
Water: Other
Sewer: Other
Taxes: $9,688
Listing Information provided courtesy of
RE/MAX Edge
718-288-3835