1670 East 17 Street, Brooklyn, New York 11229

$8,000,000
7,270
SqFt
List Price
$8,000,000
Status
ACTIVE
MLS#
436625
Sq. Ft
7,270
Year Built
1925

Property Description

This is a meticulously maintained, completely updated 12-unit commercial brick building totaling 7,270 SF. The 1st Floor has two Retail Storefronts + the basement used by commercial tenant for storage, and 10 office spaces throughout the rest of this three-story building. This is a well-managed building with a brand new elevator and new boiler. The property is located just off the busy commercial avenue of Kings Highway in Prime Midwood near all the public transportation, shopping, schools, parks, restaurants and places of worship. There are 3 tenants left with the longest lease ending on April 30, 2021. Owner has vacated the upper part of the building. Excellent R7A Zoning. This property comes with significant rental upside as well as development opportunities. It is an excellent choice for the owner-user, developer, school or savvy investor. Call us today!

Additional Information

Lot Size
3,903
Stories
3
Parking Description
Other
Year Built
1925
Zoning
R7A, C4-4A
Sale Type
Arm's Length
Bank Financing
1031 Exchange, Bank Mortgage, Cash
Building Type
Attached
Year Built
1925
Basement
Other
Lot Dimensions
119 x 73
Estimated Yearly Tax Amount
$92,291

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Century 21 MK Realty.