Property Description for 813 52nd Street
"Exceptional Investment Opportunity: Prime Mixed-Use Property in Sunset Park"
Welcome to an extraordinary investment opportunity in the heart of Sunset Park on 8th Avenue. This recently constructed (2020) property presents a unique value, featuring a total of six units, including two commercial units, four well-appointed apartments, and a semi-finished basement.
A Versatile Investment
This mixed-use property is a versatile investment, strategically positioned within the bustling business district of 8th Avenue. With a location that offers convenience and accessibility, it is perfectly situated for those seeking to be near shopping centers, educational institutions, and transportation hubs.
Diverse Income Streams
The property boasts a diverse range of income streams, making it an ideal addition to your real estate portfolio. Currently, it generates a substantial Net Operating Income (NOI) of $220,000, delivering an attractive Cap Rate of over 5.5%. These strong financials are indicative of the property's potential to provide a reliable and steady return on your investment.
Professional Suites and Community Facility
The inclusion of professional suites adds an element of business-minded appeal, providing income stability through commercial tenants. Additionally, the presence of a community facility underscores the property's potential for community engagement and outreach.
Residential Comfort
For residents, this property offers four comfortable apartments, each providing a cozy and convenient living space. These apartments cater to those seeking to live amidst the vibrancy of Sunset Park, making them an attractive choice for renters.
Invest in Your Future
This investment opportunity is ideal for those looking to diversify their real estate holdings, with a blend of commercial and residential spaces. Don't miss the chance to own a prime piece of real estate in Sunset Park.