NY > Brooklyn
Brooklyn, NY 11214,8001 18th AVE
Brooklyn, NY 11214,8001 18th AVE
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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603
$ 3,188,888
Est. payment | /mo

4,860 SqFt

Save
$ 3,188,888
Est. payment | /mo
Save

4,860 SqFt

Key Details

Property Type Mixed Use

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,860 sqft

Price per Sqft $656

MLS Listing ID 496079

Annual Tax Amount $44,433

Property Sub-Type Mixed Use

Property Description

A rare opportunity to acquire a fully renovated, income-producing mixed-use property on a prominent corner of 18th Avenue. The building measures 20 × 81 and consists of one retail store and five free-market residential apartments.

Recently updated with modern finishes, each unit is separately metered with independent heating and hot water systems. Tenants are responsible for their own utilities, ensuring streamlined management and reduced overhead.

The commercial space provides excellent visibility and consistent foot traffic, while the residential units deliver stable rental income with strong upside potential. With total annual gross income of approximately $224,052 and net operating income of $159,619, this property offers a compelling cap rate in today's market.

Perfect for investors and 1031 exchange buyers seeking a turnkey asset in a high-demand neighborhood. Situated in Bensonhurst's thriving commercial corridor, the location combines strong rental fundamentals with long-term appreciation potential.

Location

State NY

County Kings (brooklyn)

Area Bensonhurst

Zoning r5

Rooms

Basement Finished, Full

Interior

Interior Features Other

Hot Water Other

Heating Other

Flooring Other

Heat Source Other

Exterior

Exterior Feature Brick

Roof Type Other

Building

Foundation Other

Others

Energy Description Other

Financing 1031 Exchange,Bank Mortgage,Cash

Listed by RE/MAX Edge

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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603

Broker | License ID: 10491210466

Broker License ID: 10491210466

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Phone

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8001 18th AVE

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