946 4th Avenue

We are PROUD to present this mixed use building in Superb condition and it's location is highly desirable. This property had a full renovation & construction work done from top to bottom and completed in 2018. The building has a significant income from the ground level retail unit which also has a massive full finished basement with high ceilings plus a full kitchen with freezers and frig which the current owner is paying $15,000.00 monthly and will sign a 5 year lease with 5yr option to renew. Plus there two (2 bedroom apartments) each unit has beautiful layout ,1 full bath , private rear terraces and sound proof windows (tenants pay their own heat and electric). The top 2 bedroom pays $ 3,595.00 and the middle unit pays $ 3,550.00. The commercial unit has 2x 7-1/2 ton AC units plus 1 -5 ton in addition the apartments AC units are a 4 ton and 3 ton. The building is completely foam insulated and well maintained. Plus the N and R train stops right at this location , industry-city few minutes away also 2 schools close by and the busy pedestrian and vehicle traffic offer great exposure for this property. The yearly gross income is $ 265,740.00 and its NOI is $237,561.00. This spot in the future would be perfect for a franchise!!!!!