Description

Located in the East 90s of Canarsie, Brooklyn, this fully detached all-brick legal three-family building with a storefront has been completely renovated from top to bottom. The property includes a full finished basement, three spacious five-room apartments, and a vacant 600 sq. ft. storefront with 20 ft. of frontage and an additional large finished basement. Sitting on a 30.5 ft. x 100 ft. lot with a building size of 20 ft. x 51 ft., the property features a new roof, siding, boiler, and more. With low real estate taxes and a projected 7% cap rate, it offers excellent investment potential in a high-traffic location near major bus lines, the Manhattan express bus, Canarsie Pier, and local amenities. The building can be delivered fully vacant or fully occupied, making it flexible for investors or end-users. FHA 203K financing is also welcome, allowing qualified buyers to purchase with as little as 3.5% down—approximately $42,000—while starting to collect rental income right away.