Great investment opportunity! Mixed use brick building 1 retail store and 5 family in Brighton Beach. Building size: 20x80. Lot size: 20x88. Tax: $11,822. Zoning R5. New gas boiler and water heater. Excellent condition overall. Gross annual income $115,200. Total annual expenses: $23,782. Net income: $91,418. Cap rate 6%. Situated between Coney Island and Manhattan Beach, Brighton Beach is a vibrant neighborhood also known as Little Odessa and Little Russia. Brighton Beach is home to a close-knit community, which offers strong support for an array of local shops, diverse eateries, and spirited nightlife spots. More tranquil than neighboring Coney Island, Brighton Beach offers its own historic boardwalk, where residents and visitors can go for a walk or grab a bite to eat at any of the many cafes and restaurants. The beach is a popular destination in the summertime, and a year-round favorite for locals. Convenient subway access makes getting around from Brighton Beach a breeze.
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