$3,680,000
Updated a month ago
Off Market

774 48th Street

Sunset Park, Brooklyn | 7th Ave & 8th Ave

10 Rooms6 Beds4 Baths1,640 Square FeetMixed Use

$3,680,000
floors / apts2 / 2
Lot Size20'x100'
Built Size20'x82'
ZoneR6
Building TypeLow-Rise
RE Taxes$39,319
Price Per SF
$2,244

Property Description for 774 48th Street

Fully renovated mixed-use building with strong cash flow and minimal owner expenses! Ground floor & basement leased to a large restaurant with multiple private dining rooms. Restaurant rent: $15,000/month Tenant pays all water bills and 50% of property taxes. Two residential apartments on the 2nd floor, each renting for $3,000/month, Approximately $250,000 annual rental income 3% annual rent increases built into the lease Owner only pays 50% of property taxes and insurance A rare investment opportunity offering stable income, low management, and long-term growth potential. Don't miss this exceptional Brooklyn investment property!

Building Details for 774 48th Street

OwnershipMixed Use
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1925
Floors/Apts2/2
Learn More About the Building

Contact Agent

Contact Agent

Qi Kang Mei
RE/MAX Edge
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 84141TH