Home Details for 332 Kings Highway

Brooklyn's Best Corner Commercial Investment Building for Sale. Welcome to an exceptional income-producing opportunity in a Prime Bensonhurst location. This solid corner FREE MARKET brick property spans over 6,414 square feet with 3 stories, 23 feet by 93 feet long of fine colorful yellow brick and architecture & an 11-foot black entrance door to residence entry. The residential units consist of FOUR 2-bedroom renovated apartments and a 1,650 square foot first floor duplex featuring 3 bedrooms, 2 full bathrooms, 2 living rooms, 2 kitchens, a home office ideal for a virtual businessperson. Commanding a premium rental income. In addition, Store #1 is a Prime Corner KINGS HIGHWAY Hair Salon with 20 feet front & 16 feet side windows exposure. Excellent income of $5,047 per month plus Sept 2026 the real estate tax of 25% kicks in of the current then R.E. tax to be paid by the store tenant. Store #2 has an independent new storefront currently a medical billing office on the side building. The current rent is $2,912, which includes partial front half of basement. The rental income is $2,912 per month. Currently the building income is $259,008 with expenses of approximately $38,000. NOI $221,000. With moderate rent increases for next year $279,000. Easily can offer much higher potential rental income with more individuals renting in the apartments. The potential upside to building up 6-7 stories, zoning R7A-2 commercial inlay. To build condos. All functional building equipment has been replaced in the past 5 years. New - gas heating system, 43 windows, new EPDM roof, upgraded electric per apartment, hallway painted, brick pointing, steam cleaning, outside concrete. For investors seeking a stable investment with dependable rents and low building maintenance, this is an opportunity worth considering. Owner will consider holding some financing.

• Parking

  • No Garage
  • None

• Basement

  • Finished
  • Full

• Cooling Information

  • None

• Heating Information

  • Natural Gas

• Water Features

  • Other

• Utilities

  • See Remarks