Albert Wilk broker of Wilk RealEstate Ltd. New-York and Florida licences
Since 1987
Albert Wilk, Licensed Real Estate Broker in New York & Florida

332 Kings Highway, Bensonhurst, Brooklyn, NY 11223

Bensonhurst -Great Investment opportunity for investors and developers .Excellent high traffic location on Kings Highway and West 5th street. Corner investment property, three story building with 2 stores. Corner modern store/office has 40 feet of store front and side window exposure with 8 feet high glass on both sides. The side store has its own entrance,rented as an office. . Stores have central air & heat .There is (4) Two bedroom apartments and 1 ( one bedroom ) all occupied with potential for rent increases. All apartments have been gutted and renovated recently with State of the Art kitchens and bathrooms. Brand new high efficiency gas unit. The building is 22 feet by 93 feet long. The building is in excellent condition... Proforma cap income $ 201,000. annual. Expenses $ 21,350. Net operating income $ 172,850. Cap rate @ 4.50% Attention DEVELOPERS Zoning R 7a-C2-3 FAR 4.0 ( 8093.88 square feet ) Check with architect. Subject to errors and Omissions... IDEAL FOR 1031 TAX EXCHANGE. POSSIBLE SELLER FINANCING ... price reduced from $ 4,400,000 TO $ 4,200,000. Buyers must verify all information and bears all risks for any inaccuracies.

332 Kings Hwy Brooklyn, NY 11223

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City: Brooklyn
Total Sq./Ft.: 6324
Basement Type: Full
Bldg Size: 22 x 93
Member Cert: Yes
Floor: Ceramic, Granite, Parquet
Est. Fuel $ Yr.: $3,600
Hot Water: Gas
Est. Insurance $ Yr.: $3,300
Lot Size: 22 x 97
Lot Sq./Ft.: 2152
# Families: 5
# Stores: 2
Owner Occupied: Yes
Est. Taxes $ Yr.: $12,000
Zoning: R7a C2-3
Property type: Mixed Use/Store & Family
Neighborhood: Bensonhurst
Zip: 11223
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Please Call: 718-376-0606

Listing courtesy of Sav-A-Lot Realty Inc | MLS: 427768
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