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850 Clarkson Avenue, Brooklyn, NY, 11203 $3,999,999

Multi Family Commercial  

Property Picture
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Kitchen Other Other Aerial View Yard Deck Other Aerial View Deck Aerial View Aerial View Other Aerial View Other Front of Structure Other Aerial View Aerial View Other Bonus Room Other Other Bathroom Sitting Room Office Other Other Other Bathroom Bathroom Bathroom Other Other Entry Other Other Bathroom Bathroom Other Other Bedroom Kitchen Kitchen Kitchen Other Other Basement Other Other Basement
 

Details ML#: 888242  

  • # of Families: 8
  • Sale or Rent:Sale
  • Year Built: 1931
  • Taxes: $26,000
  • Status:Active
  • Foreclose:Yes

Description

Fully Renovated Mixed-Use Property for Sale – 850 Clarkson AveThis turnkey, property is an exceptional investment opportunity, delivered fully occupied for immediate cash flow.Residential UnitsTotal of four modern apartments:(2) four-bedroom units(2) two-bedroom unitsEach unit equipped with its own dedicated boiler for independent heatingAll residential tenants guaranteed by the Section 8 program, ensuring stable, government-backed rental incomeCommercial SpaceStreet-level store fronts, fully renovatedSeparate utilities for commercial tenantsInvestment HighlightsProjected NOI: $257, 000Owner pays only for water and common area electricityUpdated systems throughout: plumbing, electrical, and heatingHigh rental demand in a rapidly developing neighborhoodStrong Future Growth PotentialThe property is located near major developments that will add over 1, 000 new residential units within a 2-mile radius by 2026:329 Clarkson Ave (Clarkson Estates): 328 units under development – Learn more564 Utica Ave (Utica Crescent): 325 units planned – Learn moreThese projects are expected to further boost local demand and long-term value.

More Property Details

Appliances & Utilities

Heat: Baseboard, ENERGY STAR Qualified Equipment, Natural Gas   A/C: Wall/Window Unit(s)   Water: Public   Sewer: Public Sewer  

Financial

Taxes: $26,000  

Local Area Information

School District: Brooklyn  

Listing Information provided courtesy of Real Estate Concept Group Inc  786-246-1709
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