375 Sheffield Avenue, Brooklyn, NY 11207

12 Photos
 
$1,888,000
Active for Sale
 
Listing ID 11035095
Property Type Multi-Unit (5+)
County Kings
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Township Kings County
Neighborhood East New York
   
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Calling All Investors for 375 Sheffield Avenue in an Opportunity Zone! This 7 Unit Mixed Use building can yield at least double your return via a condo conversion OR Immediate return via a 6.7% CAP Rate! Here is your opportunity to own a free-market investment property with great upside!! Renovated Mixed-Use Building generating over $154,000 Annually! Built approximately 19.5 × 72 feet with a Lot that is 80 feet deep, and has three floors plus a basement. Two residential units occupy each floor on the upper levels with two commercial spaces on the ground floor and an additional residential unit. Units have been newly renovated. Fully equipped security system with upgraded electric panels in all units. This building is clean and has been upgraded from the roof thru the basement. Facade in need of painting as rendered in exterior photos. Zoning R6, C2-3. Just one block away from the 3 train at Pennsylvania Avenue, and walking distance to Atlantic Avenue and many shops, restaurants, and local businesses. Showings by open house and private appointment.
Property Details
  • Available 11/06/2021
Exterior Features
  • Masonry - Brick Construction
Commercial Info
  • 7% Cap. Rate
Income/Expenses
  • Gross Income $154,000
  • Net Income $122,000
  • Operating Exp $32,000
Listed By
IVEY NORTH
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