Listed by Michael Cervelli Real Estate & Property Management
$1,199,000
150 Monticello Ave
Details
Property Type Mixed Use, Retail
Sub Type Grocery Store, Convenience Store
Square Footage 3,946
Units 5
Cap Rate 4.84%
Occupancy 100%
Price per SqFt $304
Buildings 1
Stories 3
Lot Size (SqFt) 3,946
Ground Lease No
Turn-key 5-Unit Mixed-Use on Monticello Ave with Transit Access and Strong Rental Upside Income
Marketing description
Acquire a mint-condition 5-unit mixed-use property located on highly trafficked Monticello Avenue, just minutes from Journal Square, offering tremendous upside in rental income. The property features two income-producing commercial spaces and three residential apartments, separate utilities, no rent control, and has been fully renovated within the past 10 years. Well-maintained and centrally located, it provides convenient access to shopping, dining, schools, and public transportation to New York City, making it a prime, turn-key investment opportunity with strong long-term growth potential.
Listing Contacts
Listed by Michael Cervelli Real Estate & Property Management
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