2723 W 16th St Brooklyn, NY 11224

Attention commercial investors, builders, and home buyers! Here's your chance to acquire a substantial residential property with boundless commercial potential in the vibrant enclave of Coney Island. This fully detached 2-family house, presents an unparalleled opportunity for lucrative investment or development.

Features:

Gut Renovated: Underwent a comprehensive renovation less than six years ago for modern comfort and functionality.

Generous Space: 8 bedrooms and 4 baths offer ample room for various living and investment arrangements.

Versatility: M1-2 zoning allows for diverse possibilities from manufacturing to retail.

Income Potential: Currently generating income from rented garages, with substantial projected rents.

Convenient Location: Close to the beach, boardwalk, and major highways, enhancing accessibility.

Low Taxes: Benefit from very low taxes, maximizing profitability.

Investment Potential:

Explore residential and commercial ventures, from manufacturing to community facilities.

Convert to manufacturing facilities, offices, retail outlets, or elevated parking.

Consider a community facility such as a daycare, hotel, or hospital.

Financial Snapshot:

Projected Rent Roll: $8,375/month

Projected Net Income: $7,247+/month after expenses.

Contact:

Seize this extraordinary opportunity to embark on a winning project. Call now to turn your vision into reality!