116 2 & 3 Brooklyn, NY 11221
- Mixed-use properties
- 1,300 SF
- 0.03 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 116 2 & 3
- Lot size
- 0.03 lot acres
- Property size
- 1,300 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property, located at 116 Ralph Avenue, units 1, 2, & 3 in Brooklyn, NY 11221, presents a unique investment opportunity. The property is a three-family building, currently fully occupied, offering immediate cash flow. The asking price is $700,000. The total square footage is 1,300 square feet, situated on a 0.03-acre lot. This short sale requires third-party approval, a factor to consider during the due diligence process. The property's mixed-use zoning allows for a variety of potential uses, making it an attractive option for both investors seeking rental income and those looking to explore additional commercial ventures. Its location in Brooklyn, NY offers convenient access to public transportation, local amenities, and a vibrant community. The property's current occupancy status ensures a steady stream of rental income from day one, minimizing vacancy risks. Serious inquiries are encouraged to explore this promising investment opportunity further. Detailed financial records and property information are available upon request. This is a rare chance to acquire a well-located, income-producing property in a desirable Brooklyn neighborhood.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- 36047
- State
- New York
- Longitude
- -73.9235
- Latitude
- 40.686
