Unique, Prime, Mixed-Use Property, with a fully renovated store on the first floor and two floor-through 800 square-foot, two-bedroom apartments on the second and third-floors! Perfect opportunity for anyone starting their own business or seeking income producing properties with very little overhead. The first-floor commercial space is currently set up… Read More as a hair salon, which is fully renovated. It features its own central HVAC System and spans the entire 800 square-foot first floor, the 800 square foot back yard, and the 800 square foot cellar. The second-and third floor apartments are renovated. This property has a Cap rate of 5.61%. The owner has not increased the rents in several years and the entire building will be delivered vacant. Each apartment has separate gas-boiler and, therefore, everyone pays their utilities separately. The unused FAR according to Property Shark is 688 square feet. Retreat from hectic city life in a newly renovated historically significant urban oasis, Lincoln Terrace/Arthur S. Somers Park, only two short blocks away. Enjoy two large playgrounds, a variety of specialty courts, including baseball, tennis, racket ball and cricket or pack a picnic and escape with a book under a mature tree. Conveniently located near the Brooklyn Public Library, Blink Fitness, major groceries, shops, restaurants and cafes. 248 Rochester Avenue is an easy commute to Manhattan via the 3, 4, A and C subway lines just minutes away. Read Less
Listing Courtesy of: Rodolfo Lucchese, Corcoran Group
Listing Snapshot
Days Online
22
Last Updated
Property Type
MixedUse
Beds
4
Full Baths
3
Square Ft.
2,400
Lot Size
0.04 Acres
Year Built
1901
MLS Number
RLS20037236
30 Days Snapshot Of 11213
$1.32M
-27%
(avg) sold price
7
+133%
homes sold
110
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Entry Level: 1, Features: GreenBuilding, Living Area Units: SquareFeet, Rooms Total: 9, Structure Type: MixedUse
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