2723 West 16th Street

Prime Commercial & Residential Investment Opportunity in Coney Island! Attention commercial investors, builders, and home buyers! Here's your chance to acquire a substantial residential property with boundless commercial potential in the vibrant enclave of Coney Island. This fully detached 2-family house, boasting three units, presents an unparalleled opportunity for lucrative investment or development. Features: Gut Renovated: Underwent a comprehensive renovation less than six years ago for modern comfort and functionality. Generous Space: 8 bedrooms and 4 baths offer ample room for various living and investment arrangements. Versatility: M1-2 zoning allows for diverse possibilities from manufacturing to retail. Income Potential: Currently generating income from rented garages, with substantial projected rents. Convenient Location: Close to the beach, boardwalk, and major highways, enhancing accessibility. Low Taxes: Benefit from very low taxes, maximizing profitability. Investment Potential: Explore residential and commercial ventures, from manufacturing to community facilities. Convert to manufacturing facilities, offices, retail outlets, or elevated parking. Consider a community facility such as a daycare, hotel, or hospital. Financial Snapshot: Projected Rent Roll: $8,375/month Projected Net Income: $7,247+/month after expenses Contact: Seize this extraordinary opportunity to embark on a winning project. Call now to turn your vision into reality!