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Kensington

330 E 5th St, Brooklyn, NY 11218

This solid brick building, situated at a prominent corner location in the vibrant Kensington neighborhood of Brooklyn, presents an exceptional investment opportunity. The property features a well-established laundromat that not only attracts a steady stream of customers but also operates under a long-term lease, contributing significantly to the property’s financial stability by covering 50% of real estate taxes. Both residential apartments within the building have been tastefully renovated, enhancing their appeal and potential for rental income. The strategic corner positioning ensures high visibility and accessibility, making it a desirable spot for both residents and commercial tenants. With no current leases on the apartments, the property offers flexibility for new owners to set their own rental terms. Known locally as 423 Church Ave, this building combines robust construction with the dynamic energy of its surroundings, making it a prime asset in a thriving community.

Total Units: 1

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For Rent: 0

Building type: Semi-Detached

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Kensington

330 E 5th St, Brooklyn, NY 11218

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