Investors and owner-users looking to purchase a whole building rather than having to rent office space in the future will like the 3-story property at 1203 86th Street in New York's Dyker Heights community.
Offering New York's professionals two parking spaces and a backyard, the property at 1203 86th Street is a solid brick construction with great live/work space and a storefront that still has a 9-year lease.
The property was completely renovated 6 years ago with a $300,000 refit and boasts 12 rooms in total, which include two apartments on the second floor and commercial space on the ground floor that brings in a rental income of $3,000 per month with a 4% increase per year. 1203 86th Street in New York allows each unit to pay their own metered heating and hot water.
The two parking spaces create an income of $300 per month, while the apartments generate $1,750 and $2,050 respectively. Owner expenses amount to $7,800 per annum. This property is an excellent long term investment. Internal spaces boast wood floors, high ceilings, natural light, kitchens and bathrooms.
1203 86th Street in New York has an attractive brown brick facade with a modern storefront and signage opportunity.
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New York City