Boro Park Real Estate

1848 Coney Island Avenue, Midwood, NY 11230

[Midwood Real Estate, listing number 3331456]
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Description: 3331456
   Presenting 1848 Coney Island Ave, a well-maintained, three-story mixed-use building in Brooklyn offering steady rental income and a thriving commercial presence. The property features two residential units and a ground-floor laundromat, situated on a 20` x 80` lot with a 20` x 55` footprint, plus a full basement for additional storage. Each residential apartment offers 3 bedrooms, 1 bathroom, and a generous living room. The first-floor laundromat generates $3,500 per month with three years remaining on the lease, with the tenant paying all utilities including water. The second-floor apartment rents for $1,600 per month and the third-floor for $1,800 per month, both on a month-to-month basis with heat and hot water included. The building features two separate water meters for added efficiency. Located in a vibrant corridor, this property is close to shops, cafes, Staples, and public transportation. This is a perfect opportunity for an owner-occupant or investor. Residential units may be delivered vacant.

Details:
   Families: 2
   Property Type: Mixed Use
   Built: 1931

Financials:
   Price: $2,500,000

 

Tiger Realty
Emily Hui Chen-liang
Office: (917)708-9966

provided by Brooklyn Bd of Realtors