3903 7th AVE new Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11232
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,448 sqft
Price per Sqft $812
MLS Listing ID 493863
Year Built 1899
Annual Tax Amount $6,399
Lot Dimensions 18.33X78
Property Sub-Type Mixed Use
Property Description
Prime NEWLY RENOVATED, TURNKEY MIXED-USE PROPERTY located in the heart of Sunset Park, offering stable commercial income and residential living. The BRICK HOUSE underwent a GUT RENOVATION IN 2017. The first-floor retail space is currently leased at $3,100 per month with a 3% annual rent increase, ensuring steady cash flow from day one. Projected rental income totals approximately $8,500 per month ($102,000 annually), with the first floor—including basement storage—estimated at $4,000/month, and the second-floor unit projected at $4,500/month. Excellent potential for strong cap rate return.
The second floor features a bright and spacious 5-bedroom, 2-full bath, and one-half bath apartment with an open-concept living room and kitchen—ideal for owner-occupancy or generating additional rental income.
The basement has convenient front and rear entrances and includes a half bathroom, offering flexible options for storage or other uses. Each unit is equipped with separate boilers, hot water heaters, and tenants are responsible for their own utilities, ensuring lower operating costs.
This well-maintained, move-in-ready property presents an exceptional investment opportunity in a high-demand location. Don't miss out on this rare chance! Schedule a private showing today to secure both future appreciation and stable returns.
Location
State NY
County Kings (brooklyn)
Area Sunset Park
Zoning M1-2
Rooms
Basement Finished
Interior
Interior Features Restrooms - Public
Hot Water Gas
Heating Gas
Flooring Hardwood,Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Handicap Access Unknown
Building
Story 2
Foundation Block
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash