6903 8th Avenue, Brooklyn, New York 11228

Property Description

Excellent Investment Opportunity on Prime 8th Avenue! This attached mixed-use 1-family property offers stable cash flow and long-term leases, making it an attractive investment opportunity. The property features a 20' × 50' building on a 20' × 60' lot with annual property taxes of $7,448. The 1st floor and finished basement are currently leased to an established hair salon at $2,300/month, with the lease secured through 2029. The commercial tenant is responsible for its own utilities, including water, electricity, gas, and heating, and also pays 30% of the property taxes. The 2nd-floor residential apartment features 3 bedrooms and 1 full bathroom and will be delivered vacant, providing flexibility for an owner-user or an investor looking to establish their own rental income. The property currently generates $2,300/month in rental income from the commercial space, or $27,600 in annual gross rental income, while the vacant 2nd floor offers additional income potential. A compelling opportunity for investors seeking dependable rental income and long-term occupancy in a prime 8th Avenue location.