Listed by Brown Harris Stevens
$1,150,000
500 Snyder Avenue
Details
Property Type Mixed Use
Sub Type 1
Square Footage 1,520
Units 2
Pro-Forma Cap Rate 4.30%
Pro-Forma NOI $49,184
Class B
Year Built 1950
Year Renovated 10
Buildings 1
Stories 2
Lot Size (SqFt) 800
Zoning R5 (1.25) with a C2-2 Overlay (1.0)
Investment Type Value Add
Ownership LOCAL
Mixed Use | 1,520 SqFt
Marketing description
A 20’ wide one-unit two story mixed-use building. The property has a store on the ground floor, the second floor is a two bedroom apartment.
The unit has a full kitchen and bathroom along with a living/dining area.
The property is individually metered for gas & electric. The meters are in the basement along with the gas boiler and water heater.
The property is a prime investment opportunity, the store can be rented at full market rent to a beauty salon, grocery store or for any retail use. The second floor can also be converted into commercial and rented as office space or any retail use. The two-bedroom apartment can easily be rented from $2,300 to $2,500. The unit can also be converted into a three-bedroom apartment to get more income. An investor can give each unit its own boiler and water heater.
The building is also a great user opportunity, a user can have a business on the ground floor and live in the two-bedroom apartment above.
The property is located on a nice residential block off Utica Avenue.
The B46 bus is one block away on Tilden & Utica Avenue. This gives easy access to Eastern Parkway which has the 2, 3, 4 & 5 trains.
Investment highlights
The property is a prime investment opportunity, the store can be rented at full market rent to a beauty salon, grocery store or for any retail use. The second floor can also be converted into commercial and rented as office space or any retail use. The two-bedroom apartment can easily be rented from $2,300 to $2,500. The unit can also be converted into a three-bedroom apartment to get more income. An investor can give each unit its own boiler and water heater.
Listing Contacts
Listed by Brown Harris Stevens
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