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8501 18th Ave
Brooklyn, NY 11214
Multifamily Property For Sale
·
2 Units
Investment Highlights
- Next to D train station entrance, B8 bus stop right in front the building
- The store open 24 hours
Executive Summary
Prime Mixed-Use Investment Opportunity
Rare opportunity to acquire a highly visible mixed-use property in the heart of Bensonhurst, one of Brooklyn’s busiest commercial corridors.
Property Features:
1 Retail Store + 1 Residential Unit
Delivered Vacant at Closing
No Existing Lease Restrictions
Low Property Taxes
Excellent Owner-User or Investment Opportunity
Projected Market Rent:
Retail Store: $12,000/month
3-Bedroom Apartment: $2,900/month
Financial Highlights:
Gross Annual Income: $178,800
Estimated Annual Expenses: $13,000
Net Operating Income (NOI): $165,800
Cap Rate: Approximately 5.8%
Price Improvement:
Previous Asking Price: $3,900,000
New Asking Price: $2,900,000
Unbeatable Location
Directly adjacent to the D Train Station entrance
B8 Bus Stop right in front of the property
Exceptional pedestrian and vehicle traffic
Surrounded by established businesses, restaurants, and residential communities
Outstanding visibility and exposure for retail use
Properties with this combination of location, income potential, low carrying costs, and vacant delivery rarely become available. Whether you’re an investor seeking strong returns or an owner-user looking to establish a business in a prime location, this property presents a compelling opportunity.
Call 917-292-1688 Franklin Shan for private tours today
Rare opportunity to acquire a highly visible mixed-use property in the heart of Bensonhurst, one of Brooklyn’s busiest commercial corridors.
Property Features:
1 Retail Store + 1 Residential Unit
Delivered Vacant at Closing
No Existing Lease Restrictions
Low Property Taxes
Excellent Owner-User or Investment Opportunity
Projected Market Rent:
Retail Store: $12,000/month
3-Bedroom Apartment: $2,900/month
Financial Highlights:
Gross Annual Income: $178,800
Estimated Annual Expenses: $13,000
Net Operating Income (NOI): $165,800
Cap Rate: Approximately 5.8%
Price Improvement:
Previous Asking Price: $3,900,000
New Asking Price: $2,900,000
Unbeatable Location
Directly adjacent to the D Train Station entrance
B8 Bus Stop right in front of the property
Exceptional pedestrian and vehicle traffic
Surrounded by established businesses, restaurants, and residential communities
Outstanding visibility and exposure for retail use
Properties with this combination of location, income potential, low carrying costs, and vacant delivery rarely become available. Whether you’re an investor seeking strong returns or an owner-user looking to establish a business in a prime location, this property presents a compelling opportunity.
Call 917-292-1688 Franklin Shan for private tours today
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- On-Site Retail
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | - | - |
Property Taxes
| Parcel Number | 06344-0008 | Improvements Assessment | $104,187 CAD |
| Land Assessment | $19,853 CAD | Total Assessment | $124,040 CAD |
Property Taxes
Parcel Number
06344-0008
Land Assessment
$19,853 CAD
Improvements Assessment
$104,187 CAD
Total Assessment
$124,040 CAD
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