$1,100,000
Located in the vibrant Ocean Hill section of Brooklyn, is a well-maintained, three-story mixed-use corner property offering strong income potential, low operating costs, and rare off-street parking with a 4-car garage. Positioned on the corner of Herkimer Street, the building enjoys excellent visibility and accessibility in a rapidly evolving neighborhood.… Read More The property features approximately 3,380 square feet of rentable space, configured with two residential units and one commercial unit. The ground-level commercial space offers approximately 900 SF, with an additional 400 SF basement ideal for storage or operational use. The second and third floors each contain spacious two-bedroom apartments, approximately 900 SF per unit. An added benefit is the attached 4-car garage, a rare and valuable amenity in this area, providing convenient on-site parking for tenants or potential additional income. Just a few minutes from the Broadway Junction transit hub (A, C, L, and M lines) and the East New York Bus Depot, with nearby access to the Jackie Robinson Parkway and Highland Park. This central location offers exceptional transit connectivity and convenience. Ocean Hill is a historically rich Brooklyn enclave known for its beautiful brownstones, tree-lined streets, and tight-knit community. The property is surrounded by residential homes, schools, parks, and neighborhood shopping - making it an attractive location for both tenants and businesses. This is a rare opportunity to acquire a stable, income-producing asset with parking amenities in one of Brooklyn's most promising neighborhoods. Read Less
Courtesy of Lamar M. Collins, Vanguard R E Brokerage Group 718-570-5131
Listing Snapshot | Source HomeJunction
Days Online
267
Last Updated
Property Type
Other
Square Ft.
3,380
Lot Size
0.04 Acres
Year Built
1910
MLS Number
494880
30 Days Snapshot Of 11233
$1.31M
0%
(avg) sold price
156
0%
(avg) days on market
Snapshot
Area Map
Additional Details | Source HomeJunction
Basement
Cellar, Unfinished
Building
Built in 1910, 900 building footprint sqft, 3,380 total sqft, 2 families, 2 stories, Brick
Expenses
Gross expense: $5,975, Fuel expense: $2,100, Insurance expense: $7,366, Utility expense: $875
Exterior Features
Brick Face
Floors
Hardwood
Foundation
Block
Heating
Gas, Gas, Steam/Radiator
Income
Gross income: $68,400, Rent income: $5,700
Lot
1,597 Sqft, Length: 79, Width: 20
Parking
4 Spaces
Property
Zoning: R5
Roof
Asphalt/Tar
Taxes
Tax amount: $1,894
Utilities
220 V
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Mortgage Calculator | Source Home Junction
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Emmanuel Victor
CEO & Broker
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