105 Belmont Ave Brooklyn, NY 11212
- Investment properties
- 3,200 SF
- 0.02 lot acres
Current Use by Public Records
- Belmont Corner Deli / Deli
Property Details for 105 Belmont Ave
- Year built
- 1899
- Lot size
- 0.02 lot acres
- Property size
- 3,200 SF
- Zone code
- R6
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 03726-0038
- APU
- 37260038
Description
This exceptional mixed-use property, located at 105 Belmont Ave in Brooklyn, NY 11212, presents a compelling investment opportunity. Priced at $810,000, this 0.02-acre lot features a two-family building with a vacant storefront, offering immediate income potential and future development possibilities. The upper floors comprise two separate two-bedroom apartments, currently occupied by tenants. The vacant storefront provides a blank canvas for a variety of commercial ventures, catering to the vibrant local community. The property's location in Brooklyn, NY, offers easy access to transportation, amenities, and a thriving market. This is an ideal investment for those seeking a blend of immediate rental income and long-term growth potential. The property's size and existing structure provide a solid foundation for a variety of investment strategies, from holding and managing the existing units to undertaking renovations and repositioning the property to maximize its value. The existing tenants provide a stable income stream, mitigating risk and offering a clear path to positive cash flow. This is a rare opportunity to acquire a mixed-use property in a prime Brooklyn location. The property is sold with tenants in place. The square footage of the building is not currently available.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $330,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $325,000
- 6.5%
- $345,000
- 7%
- $355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $325,000
- Geo Method
- $370,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $325,000
- Retail
- $395,000
- Mixed-Use
- $410,000
- Hospitality
- $320,000
- Educational
- $380,000
- Residential Income
- $395,000
- Energy
- $375,000
- Income-Based Land
- $345,000
- Food Service
- $385,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9063
- Latitude
- 40.6692
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
