321 East 2nd Street, Brooklyn, NY 11218

7 Photos
 
$2,500,000 List Price
In Contract on 10/24/2024
 
Listing ID 11347151
Property Type Multi-Unit
County Kings
Township Kings
Neighborhood Kensington
FEMA Flood Map fema.gov/portal
Year Built 1931
   
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Handsome, diversified, fully-occupied, cash-flowing, mixed use building for sale on a bustling corner of Kensington, Brooklyn. Anchor tenant is a national chain that has been renting for almost 20 years and pays a substantial portion of utilities. 321 E 2nd St (aka 329 E. 2nd St) contains 6 rent-stabilized residential units (all 2BR/1BA) and 4 commercial units across 7,560 square feet of space.. Located one block from the Church Ave F/G, its reliable long-standing tenants enjoy access to countless retailers and amenities along Church Ave. There is room for growth on the commercial rents, especially with cosmetic improvements, affording a projected cap rate of 6% at asking price. Asking price $2,500,000 ($250,000 per unit). Seller is open to reasonable offers.
Property Details
  • 12 Total Bedrooms
  • 6 Full Baths
  • 7560 SF
  • Built in 1931
  • 4 Stories
  • Available 9/25/2024
Listed By
REALTY COLLECTIVE LLC
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