332 Kings Hwy
Brooklyn, NY 11223

BENSONHURST -THE TWO CORNER STORES CAN BE RENTED TO A STARBUCKS FRANCHISE OR MAJOR FOOD AND BEVERAGE ESTABLISHMENT. BRINGING IN $7,000 TO $10,000 TRIPLE NET. Excellent high traffic location on Kings Highway and West 5th Street. CURRENTLY Corner modern store/office has approximately 40 feet of store front and side window exposure that is 8 feet high glass on both sides. The side store has its own entrance, rented as a LAWYER office. THE front store/office has a exit to a side yard 5 feet wide by 50 feet long . also the rear store. If the new owner chooses to rent to a restaurant they can possibly use the outdoor seating.for 10 tables ,20 seating . Renting to a Starbucks or other type . Also ideal for a corner BANK. .Great Investment opportunity for investors and developers . Proforma Income $229,200., with only small rental increases in order to keep great tenants ( 9 ) tenants in all .. Additional $1,000. per month storage + $ 1,500. Building signage that can be added... Net Operating Income $209,700.. Cap rate 0.511 .%.. Corner investment property, three story building with 2 stores. . Great location to rent to a restaurant with outdoor seating. Bring in a greater rental above the office rent There is a 2000 square foot basement that can be used for various purposes. Currently the front storefront & side store are a professional Century 21 real estate for over 25 years and lawyer office. . Stores have central air & heat, 18 inch porcelain tiles with plenty of lighting .There is (4) Two bedroom apartments and 1 ( one bedroom ) all occupied with potential for rent increases. All apartments have been gutted and renovated recently with State of the Art kitchens and bathrooms. Brand new high efficiency gas & water unit in 2018. Forty three new windows in 2017. Brand new chimney chute from roof to basement and new cap in 2019. The entire hallway interior was redone in 2016 plus emergency lights & exit signs. All electric has been upgraded in each apartment with their own circuit breaker boxes. The building is in excellent condition The building is 22 feet by 93 feet long. ...Current rental income $ 208,200. with ( $1,000. Storage ) Without Signage....$1,000 ... Expenses $ 19,500. Net operating income $188,700. Store tenant pays one third real estate taxes. Another source of additional income can be added if new owner chooses to have placement of signage on the three story building.Possibly $1,500. per month ( $18,000. year ) Attention DEVELOPERS Zoning R 7a-C2-3 FAR 4.0 ( 8093.88 square feet ) Check with architect. Subject to errors and Omissions... IDEAL FOR 1031 TAX EXCHANGE. POSSIBLE SELLER FINANCING. Reduced from $ 4,400,000 ... $ 4,188,000. Buyers must verify all information and bears all risks for any inaccuracies.