Attention commercial investors, builders, and home buyers! Here's your chance to acquire a substantial residential property with boundless commercial potential in the vibrant enclave of Coney Island. This fully detached 2-family house, presents an unparalleled opportunity for lucrative investment or development.
Features:
Gut Renovated: Underwent a comprehensive renovation less than six years ago for modern comfort and functionality.
Generous Space: 8 bedrooms and 4 baths offer ample room for various living and investment arrangements.
Versatility: M1-2 zoning allows for diverse possibilities from manufacturing to retail.
Income Potential: Currently generating income from rented garages, with substantial projected rents.
Convenient Location: Close to the beach, boardwalk, and major highways, enhancing accessibility.
Low Taxes: Benefit from very low taxes, maximizing profitability.
Investment Potential:
Explore residential and commercial ventures, from manufacturing to community facilities.
Convert to manufacturing facilities, offices, retail outlets, or elevated parking.
Consider a community facility such as a daycare, hotel, or hospital.
Financial Snapshot:
Projected Rent Roll: $8,375/month
Projected Net Income: $7,247+/month after expenses.
Contact:
Seize this extraordinary opportunity to embark on a winning project. Call now to turn your vision into reality! Neighborhood highlights
Since 1987
