Overview

Situated in a bustling high-traffic area, this three-story brick building boasts two store fronts and five 2-bedroom residential rental units. The property is zoned for commercial use (4A), offering a lucrative opportunity for savvy investors. Currently, the rental income has great potential for growth, especially with the recent renovation of one second- floor residential unit, which is rented for $2, 200 per month. Each residential unit is approximately 1, 000 sq. ft and comes equipped with a refrigerator and gas stove, enhancing the appeal for tenants. Noteworthy recent upgrades include a $20, 000 roof repair with a new skylight, $35, 000 invested in residential unit enhancements, and $7, 000 in improvements to the common areas. The storefronts underwent $100, 000 in renovations to attract potential lessees. With close proximity to New York City and NY transportation, this property offers promising returns in a rapidly developing area. Don't miss out on this excellent investment opportunity! Contact us today to learn more.