Ripe Opportunity on Mixed Use Property in Bensonhurst Strong Cash Flow and upside potential in blossoming Bensonhurst, Brooklyn. Mixed residential and retail property deal on a popular block. Can be delivered partially or fully occupied. This is the time to get into this neighborhood for great value assets yield. Potential cap rate of 5.7 to 6%. Ideal for 1031 exchange investment. 2 Four Bedrooms Plus Retail Apt #1 - Month to Month Paying $1,800 Apt #2 - Vacant ($2300 Lease is out) Retail ( Month to Month) - $3800 Current Gross - $94,800 Expenses - $11,000 NOI - $83,800 Cap - 4.78% Immediate Potential in Rent Improvements! Retail - Potential Increase to: $4500 Apt #1 - Potential Increase to $2300 Apt #2 - $2300 Lease is Out Add The Following: Parking: $150 x 2 Storage: $100 x 2 Gross Income - $115,200 Potential NOI - $104,200 Potential Cap - 5.95% * Including Parking for 1 - 2 Cars
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