113 Belmont AveBrooklyn, NY 11212

This exceptional mixed-use property, located at 113 Belmont Ave in Brooklyn, NY (zip code 11212), presents a compelling investment opportunity. The 3-story, 3,000 square foot building, constructed in 1930, sits on a 1,307 square foot lot and is zoned R6. It boasts 100% occupancy with three units: one commercial space and two residential units, each a spacious four-bedroom, one-bathroom apartment. The property generates a strong net operating income (NOI) of $87,479, resulting in an attractive 6.03% capitalization rate. The asking price is $1,450,000, translating to $483.33 per square foot and $483,333.33 per unit. Recent upgrades include a new roof, updated boilers, and hot water tanks, minimizing future maintenance expenses. This prime Brooklyn location ensures high demand and strong rental income, making this a sound investment for discerning buyers. The property's solid financials, coupled with its desirable location and recent improvements, make it an ideal addition to any investment portfolio. All information is based on the seller's provided data.