Investing in real estate is one of the most lucrative ways to build wealth and achieve financial freedom. And when it comes to investing in real estate, New York City has always been one of the top choices for investors around the world. The city’s real estate market is known for its high demand and excellent returns on investment.
If you’re looking for a prime investment opportunity in New York City, then look no further than this new property for sale in the thriving East Flatbush neighborhood. This mixed-use attached brick beauty is perfect for investors who are looking to diversify their portfolio and generate passive income.
The property consists of two three-bedroom apartments and one commercial unit with a hair salon, all of which are fully leased. As a result, the building has a gross income of $84,000 per year, with a net income of $66,466. This is a highly attractive investment opportunity for those seeking a stable and consistent stream of income.
What’s more, the property is well maintained and has excellent potential for additional income from the residential units, which are currently leased below market value. With a prime location at a major hub for transportation and shopping, this investment property is sure to attract tenants who value convenience and accessibility.
In addition to the property’s excellent income potential, there is also an option for a package deal that includes 1774 Flatbush Avenue, which is a similar property in the same neighborhood. This package deal is perfect for investors who are looking to expand their portfolio and maximize their returns.
In conclusion, this new investment property for sale in the East Flatbush neighborhood of New York City is an excellent opportunity for investors who are looking for a stable and consistent stream of passive income. With its prime location, excellent potential for additional income, and option for a package deal, this property is sure to attract investors who are serious about building wealth through real estate. Don’t miss out on this opportunity – it won’t last long!
1776 Flatbush Avenue, Brooklyn, NY 11210