4018 8Th AveBrooklyn, NY 11232

This exceptional commercial land parcel, located at 4018 8th Avenue in Brooklyn, New York's vibrant Sunset Park neighborhood (zip code 11232), presents a compelling investment opportunity. The property encompasses a 2,500 square foot lot and features a 2,300 square foot building currently leased to a tenant operating a box school. The existing lease agreement has three years remaining, generating a stable monthly rental income of $5,800, inclusive of property taxes. The seller incurs a monthly common charge of $500. The property boasts a ceiling height ranging from 11 to 15 feet, offering considerable flexibility for future development or continued operation as a commercial space. With a Net Operating Income (NOI) of $59,323 and an asking price of $1,500,000, this property offers a 4% capitalization rate. This is a turnkey investment, generating immediate cash flow upon closing. The property's location within the bustling 8th Avenue business district ensures strong tenant demand and potential for future appreciation. This is a rare opportunity to acquire a well-situated commercial property in a thriving Brooklyn neighborhood. The single-unit building provides a straightforward investment with minimal management overhead. Don't miss this chance to secure a profitable addition to your investment portfolio.