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Homecrest

1223 Avenue U, Brooklyn, NY 11229

This impressive building, located in the vibrant Homecrest neighborhood of Brooklyn, houses an upscale Russian restaurant that occupies the entire premises. With a lease extending for an additional nine years, the property presents a stable investment opportunity. The building features a robust structure and has undergone significant renovations, totaling over $300,000, which enhance its aesthetic appeal and functionality. The current base rent stands at $6,000 per month, with the tenant also contributing towards property taxes and other expenses. This arrangement ensures a net income of approximately $56,600 annually, with a consistent yearly increase of 2.5%. The strategic location of the building provides excellent exposure and accessibility, making it an attractive focal point in the neighborhood.

Total Units: 1

For Sale: 0

For Rent: 0

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Heated

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Homecrest

1223 Avenue U, Brooklyn, NY 11229

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