Two(2) Mix-Used building right next to each other with potentially 6-7% cap rate are offered for sale. They are situated on the highest traffic block in Coney Island and surrounded by Coney Island Beach, different types of businesses, public transportation, schools, parks, gyms and more. Each Mix-Used building is consisted of 1 store and 2 residential units above so a total of 2 stores plus 4 residential units. The two stores are currently empty which can be used as 2 individual business concepts or combine them. The four apartments are currently 2 bedrooms layout but can be easily turn into 3 bedrooms each unit. It was being recently gut renovated top to bottom with separate boilers, hot water tanks and electricity meters. Rent rolls are $1,750 per month per residential unit and potentially at least $3000 per month per store. Budiling size 40x55, lot size 40x100, Annual property tax $5,537.52. Great deal and wont last!
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
