332 Kings Highway
332 Kings Highway
Description
CONSISTING OF 5 FAMILIES AND TWO LEGAL STORES PLUS 1,100 sq ft front FINISHED BASEMENT WITH EPOXY FLOOR, NEW ELECTRIC HIGH HATS THROUGHOUT for storage basement to a contractor., Excellent high traffic location, great commercial and residential property. The front professional office on King's Highway has been a Realty Estate office for almost 30 years and pays 1/3 Real Estate taxes. Stores pays additional...Prime corner investment property. Prime corner investment property $229,080. income . 5.8% cap rate
CONSISTING OF 5 FAMILIES AND TWO LEGAL STORES PLUS 1,100 sq ft front FINISHED BASEMENT WITH EPOXY FLOOR, NEW ELECTRIC HIGH HATS THROUGHOUT for storage basement to a contractor., Excellent high traffic location, great commercial and residential property. The front professional office on King's Highway has been a Realty Estate office for almost 30 years and pays 1/3 Real Estate taxes. Stores pays additional taxes. The side store has its own entrance rented to an accountant and lawyer. They utilize the side store and the complete 900 sq feet rear finished basement as a closing room and files storage. The 5 family consist of (4) 2 bedrooms apartments and the first floor one-bedroom apartment. . The front half of the basement approximate 1100 sq feet has a street cellar door for easy access for the contractor . This is A REAL MONEY MAKER! THE MAIN OPERATING COMPONENTS of the building are as follows: removed all old layers of roof and installed totally brand-new EPDM roof installed August 2021. 20 years guaranteed. Brand new high efficiency gas boiler & water heater February 2018. Brand new chimney smokestack from basement to the roof March 2019. Forty-three new windows and windows lentils were installed 3 years ago. Each apartment has breaker panel boxes, all upgraded electric services. The building was steam cleaned & pointed 3 years ago. In April 2021 the fencing and fire escape has been painted. The complete 3 story hallway was freshly painted September 2021. Building in excellent condition. If you desire an investment property without any problems this is truly a GEM! PROJECTD INCOME over $ 268,800 a year. Zoning R-7 C2-3 overlay. Don't pass up on this great opportunity! POTENTIAL INCOME $268,000 next year. Return on investment approximately 6.7% . All the apartments renovated last 6 yr We may consider holding a mortgage with at least $ 2.2 million dollar down payment. Terms negotiable.
- Listed by Robert S. Scaglione • RE/MAX Edge
Amenities
- Walk Up
- Voice Intercom
- Basement
- Private Outdoor Space
- Parking Included
- Lowrise
Location
Property Details for 332 Kings Highway
| Status | Active |
|---|---|
| MLS ID | 481304 |
| Days on Market | 15 |
| Taxes | $24,961 / year |
| Maintenance | - |
| Min. Down Pymt | - |
| Total Rooms | 15.0 |
| Compass Type | Townhouse |
| MLS Type | Mixed Use |
| Year Built | - |
| Lot Size | 2,200 SF |
| County | Kings County |
Location
Building Information for 332 Kings Highway
Payment Calculator
$23,910 per month
30 year fixed, 7.25% Interest
$21,830
$2,080
$0
Property Information for 332 Kings Highway
- Block: 6652
- Number Of Stories: 2
- Cross Street Name: West 5th St
- Cross Street Name: Kings Hwy
- Zoning: R7 c2-3
- Roof: Flat
- Parking Attributes: None
- Parking Feature Single: None
- Financing: Bank Mortgage, Owner
- Tax Amount: 24961.0
- Gross Expense: 32156.0
- Gross Income: $229,080.00
- Gross Lease: 196924.0
- Sq Ft Total: 6324
- Yard: Back, Side
- Lot Number: 65
- Lot Size Irregular YN: No
- Lot Size Length: 97
- Lot Size Width: 22
- Commercial Condo YN: No
- Heat Delivery: Baseboard
- Heating Fuel: Gas
- AC Units: 0
- Hot Water: Gas
- Utility Expense: 300.0
- Fuel Expense: 3600.0
- Basement Amenities: Finished
- Commercial Features Interior: Fire - Smoke Alarm, Heated
- Foundation Details: Block
- Flooring: Ceramic
- Unit Count: 7
- Lavatories: 4+
- Construction Materials: Brick
- Electric: Circuit Breakers
- Exterior: Brick
- Commercial Features Exterior: Doors - 11-15 ft
- Building Footprint Sq Ft: 2046.0
- Building Length: 93.0
- Building Type: Semi-Detached
- Building Width: 22.0
- Unit Baths Half: 1.0
- Unit Category: Store
- Unit Ceiling Height: 11
- Unit Current Rent: 5500.0
- Unit Date Available: 04-01-2024
- Unit Room Description: Professional Realty office PAYS 1/3 RE TAX
- Unit Features: Heat Included
- Unit Floor: 1
- Unit Number Of Units: 0
- Unit Projected Rent: 6000.0
- Unit Sq Ftper Unit: 1000.0
- Unit Status: Month-to-Month
- Unit Unit Type: Office
- Unit Baths Half: 1.0
- Unit Baths Three Quarter: 1.0
- Unit Category: Store
- Unit Ceiling Height: 11
- Unit Current Rent: 3500.0
- Unit Date Available: 04-01-2024
- Unit Room Description: Accountant , lawyer office
- Unit Features: Heat Included,RE Taxes
- Unit Floor: 1
- Unit Occupant: 1st floor store & closing area
- Unit Projected Rent: 4000.0
- Unit Sq Ftper Unit: 1300.0
- Unit Status: Month-to-Month
- Unit Unit Type: Office
- Unit Baths Full: 1
- Unit Baths Half: 0.0
- Unit Baths Three Quarter: 0
- Unit Baths Total: 1
- Unit Bedrooms Total: 1
- Unit Category: Apt
- Unit Ceiling Height: 11
- Unit Current Rent: 1700.0
- Unit Date Available: 04-01-2024
- Unit Room Description: Beautiful renovated 750 sq.ft 1st floor
- Unit Features: Heat Included,Water Included
- Unit Floor: 1
- Unit Occupant: 1 person
- Unit Projected Rent: 1900.00
- Unit Rooms Total: true
- Unit Status: Month-to-Month
- Unit Unit Type: 1 Bedroom
- Unit Baths Full: 1
- Unit Baths Half: 0.0
- Unit Baths Three Quarter: 0
- Unit Baths Total: 1
- Unit Bedrooms Total: 2
- Unit Category: Apt
- Unit Ceiling Height: 11
- Unit Current Rent: 2080.0
- Unit Date Available: 04-30-2024
- Unit Room Description: Renovated 2 bedrooms front apartment
- Unit Features: Heat Included,Water Included
- Unit Floor: 2 f
- Unit Occupant: three occupants
- Unit Projected Rent: 2500.00
- Unit Rooms Total: true
- Unit Sq Ftper Unit: 1000
- Unit Status: Month-to-Month
- Unit Unit Type: 2 Bedrooms
- Unit Baths Full: 1
- Unit Baths Half: 0.0
- Unit Baths Three Quarter: 0
- Unit Baths Total: 1
- Unit Bedrooms Total: 2
- Unit Category: Apt
- Unit Ceiling Height: 11
- Unit Current Rent: 2140.0
- Unit Date Available: 04-01-2024
- Unit Room Description: Renovated 2 years ago
- Unit Features: Heat Included,Water Included
- Unit Floor: 2 r
- Unit Occupant: two people occupy apt
- Unit Projected Rent: 2500.00
- Unit Rooms Total: true
- Unit Status: Month-to-Month
- Unit Unit Type: 2 Bedrooms
- Unit Baths Full: 1
- Unit Baths Half: 0.0
- Unit Baths Three Quarter: 0
- Unit Baths Total: 1
- Unit Bedrooms Total: 2
- Unit Category: Apt
- Unit Ceiling Height: 11
- Unit Current Rent: 2115.0
- Unit Date Available: 04-01-2024
- Unit Room Description: renovated 4 years ago
- Unit Features: Heat Included,Water Included
- Unit Floor: 3 f
- Unit Occupant: two people occupy
- Unit Projected Rent: 2500.00
- Unit Rooms Total: true
- Unit Status: Month-to-Month
- Unit Unit Type: 2 Bedrooms
- Unit Baths Full: 1
- Unit Baths Half: 0.0
- Unit Baths Three Quarter: 0
- Unit Baths Total: 1
- Unit Bedrooms Total: 2
- Unit Category: Apt
- Unit Ceiling Height: 11
- Unit Current Rent: 2055.0
- Unit Date Available: 02-28-2023
- Unit Room Description: Very modern, recently renovated!
- Unit Features: Heat Included,Water Included
- Unit Floor: 3 r
- Unit Projected Rent: 2500.00
- Unit Rooms Total: true
- Unit Status: Month-to-Month
- Unit Unit Type: 2 Bedrooms
- Sale Type: Agent Owned
- Insurance Expense: 500.0
- Owner Occupied: Yes
Property History for 332 Kings Highway
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 332 Kings Highway
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
P.S. 215 Morris H Weiss PublicPK to 5 | ||
Is 228 David A Boody Public6 to 8 | ||
Life Academy High School For Film And Music Public9 to 12 | ||
Leaders High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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