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    581 Liberty Avenue

    E. New York, NY 11207
    • $1,350,000
    • STATUS: Active
    • ON SITE: 52 Days
    • MLS #: 3342853
    UPDATED: 69 min ago
    $1,350,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1930
    County:
    Area:

    School Ratings & Info

    Description

    581 Liberty Ave is a mix use corner property. It has 6 free market apartment and a Commercial store front. It has a strong rent roll with low expenses that makes this building cash flow from day one. The building is walking distance to the subway and is one block away from Atlantic Ave. East New York is going through major gentrification. Recent up zoning has flooded investors to start buying and building. This can be clearly seen by driving around the neighborhood. The property has RB6 zoning this gives you the potential to develop this property down the road. It has a strong income of $96,900 a year with all below market rents. Expenses are very low at 13,416. Net operating income is $83,484. This leaves you almost $7,000 profit a month.

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    © 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Frank Schiavone with Douglas Elliman. Data last updated: 2021-10-25T12:17:13.63.
    www.frankschiavone.com/homes/121056197
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    581 Liberty Avenue E. New York, NY 11207

    • Price: $1,350,000
    • Status: Active
    • Updated: 69 min ago
    • MLS #: 3342853
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    1930
    Built
    Neighborhood:
    Brooklyn
    County:
    Brooklyn
    Area:
    Brooklyn
    Property Description
    581 Liberty Ave is a mix use corner property. It has 6 free market apartment and a Commercial store front. It has a strong rent roll with low expenses that makes this building cash flow from day one. The building is walking distance to the subway and is one block away from Atlantic Ave. East New York is going through major gentrification. Recent up zoning has flooded investors to start buying and building. This can be clearly seen by driving around the neighborhood. The property has RB6 zoning this gives you the potential to develop this property down the road. It has a strong income of $96,900 a year with all below market rents. Expenses are very low at 13,416. Net operating income is $83,484. This leaves you almost $7,000 profit a month.
    Exterior Features

    Building Size 0 Lot Size Dimensions 25X100

    Interior Features

    Ceiling Height 0

    Property Features

    Business Type Mixed Net Operating Income 7000.00 Property Sub Type Mixed Use Property Type Commercial Sale Tax Annual Amount 0.00 Tax Block 3964 Zoning Description Commercial

    Listing courtesy of Ralph Harvey of Listwithfreedom.Com.
    © 2021 OneKey MLS. All rights reserved.


    © 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Frank Schiavone with Douglas Elliman. Data last updated: 2021-10-25T12:17:13.63.
     
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