Brooklyn, New York is known for its diverse neighborhoods and vibrant real estate market. One particular property that stands out is located in the East 90’s of Canarsie, Brooklyn. This newly renovated building has undergone a complete transformation from top to bottom, making it an attractive option for potential buyers.
The property in question is a legal three-family home with an additional storefront. It is fully detached and constructed with sturdy brick, ensuring durability and longevity. The building boasts a full finished basement, adding to its overall appeal.
With five roomy apartments, each containing two bedrooms, this property offers a multitude of living options. The units are spacious and have been updated with modern amenities, making them desirable for tenants. Additionally, there is a beauty salon occupying the storefront, providing an additional source of income. The storefront spans approximately 600 square feet and has a wide frontage of 20 feet.
The property sits on a lot measuring 30.5 feet by 100 feet, providing ample space for residents and visitors. The building itself has dimensions of 20 feet by 51 feet. The recent renovations have included a new roof, siding, and boiler, ensuring that the property is in excellent condition. These updates not only enhance the aesthetic appeal of the building but also contribute to its long-term value.
One of the standout features of this property is its income-generating potential. With five rental units and a billboard sign, the property yields a substantial yearly income of $98,400. This impressive figure makes it a lucrative investment opportunity for potential buyers. Furthermore, the low real estate taxes add to the property’s appeal and make it an even more attractive prospect.
Location is another key factor contributing to the desirability of this property. Situated in a high traffic area, it offers excellent visibility and accessibility. Additionally, the property is conveniently located near all major bus routes, including the Manhattan express bus. This makes commuting to and from the city a breeze for residents. The Canarsie pier, a popular recreational spot, is also just minutes away, providing residents with a picturesque retreat.
In conclusion, this newly renovated property in Brooklyn’s East 90’s of Canarsie offers a unique opportunity for potential buyers. With its legal three-family home, storefront, and basement, it provides a variety of living and income-generating options. The recent renovations, along with the new roof, siding, and boiler, ensure that the property is in top-notch condition. The impressive yearly income and low real estate taxes make it an appealing investment opportunity. Additionally, its prime location near major bus routes and recreational spots further enhance its desirability. Don’t miss out on the chance to own this exceptional property – it won’t last long!
9623 Avenue M, Brooklyn, NY 11236