Bensonhurst Prime Kings Highway Location opposite the N train and B-82 Bus. Excellent Commercial mix use investment property. The C Of O is Lounge/Restaurant/Bar ( 2300 square feet ) The restaurant tenant currently has a Liquor license and is a restaurant. plus 3 units .The 3 apartments are 2 bedrooms each. There is two units from main entrance on Kings Highway and a back entrance for the one rear apartment from the back of building with address 150-154 Quentin Road. The restaurant is 2300 square feet with a back entrance for deliveries and full basement.
Current rent roll $113,485. Expenses $26,665.
Additional potential rental of $1,500.00 per month income ( $18,000. annual ) can be generated by leasing advertisement space on both side walls with East and West exposure facing Kings Highway.
The current restaurant tenant is paying $ 4,637. 00 + 50 % real estate tax & water .
The FAIR MARKET RENT CAN BE increased to $ 6500. per month ( an additional $ 1,863. per month or ( $ 22,356. Annual )
when the restaurant/ lounge is vacated. This property is a real money maker....
THE SELLER MAY CONSIDER HOLDING A MORTGAGE....
The proforma Cap value $155,000 . THE ZONING IS R7A C2-3 HAS POTENTIAL TO ADD FLOORS .CHECK WITH your ARCHITECT. The seller will deliver clear title at closing. Buyer must verify all information prior to purchasing and is subject to errors and omission
Listing courtesy of Sav-A-Lot Realty Inc
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