263 Kings, Brooklyn

$1,899,000

0 Beds
0 Baths
4,880 Sqft
0 Acres
0 Garages

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

Essential Information
MLS® #425934
Price$1,899,000
Bathrooms0.00
Square Footage4,880
Year Built1931
TypeMixed Use / Store & Family
Sub-TypeMixed Use
StatusActive
Community Information
Address263 Kings
AreaBensonhurst
CityBrooklyn
CountyKings (Brooklyn)
StateNew York
Zip Code11223
Interior
InteriorCarpeting, Concrete, Hardwood
Interior FeaturesLoading - Grade
HeatingSteam/Radiator
Has BasementYes
BasementFull
# of Stories2
Exterior
ExteriorBrick
Exterior FeaturesFence - Full, Sign - Building
RoofFlat
ConstructionBrick
FoundationBlock
Additional Information
Date ListedDecember 19th, 2018
Days on Market124
ZoningR7a C2-3
Property History
Price Reduced from $2,000,000 to $1,899,000
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Listing courtesy of Sav-A-Lot Realty Inc

© 2019 Brooklyn New York MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Casandra Properties Inc. Data last updated: April 24th, 2019 at 12:36am EDT

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