355 Kings Highway, Unit COMMERCIAL
355 Kings Highway, Unit COMMERCIAL
Permanently Off Market
Permanently Off Market
Description
The subject offers investors an opportunity...We are pleased to announce the sale of the commercial condominium located on Kings Highway and West Fourth Street in the Gravesend neighborhood of Brooklyn. The unit occupies the entire ground floor of the building totaling approximately 10,000 rentable square feet. The unit is currently leased to NYSARC (New York State Rehab Center) since 2010 and currently generates approximately $340,577 in annual revenue and nets approximately $271,685 in net operating income.
The subject offers investors an opportunity to purchase an asset with stabilized cash flow with a long standing tenant. The current lease expires in September 2025 and the tenant wants to renew for an additional lease term.
Amenities
- Ground Floor
- Common Outdoor Space
- Elevator
- Midrise
- No Pets
Location
Property Details for 355 Kings Highway, Unit COMMERCIAL
| Status | Permanently Off Market |
|---|---|
| Days on Market | 122 |
| Taxes | $4,138 / month |
| Common Charges | $950 / month |
| Min. Down Pymt | - |
| Total Rooms | 1.0 |
| Compass Type | Condo |
| MLS Type | Condominium |
| Year Built | 2003 |
| County | Kings County |
Building
355 Kings Hwy
Location
Building Information for 355 Kings Highway, Unit COMMERCIAL
Payment Calculator
$24,162 per month
30 year fixed, 7.25% Interest
$19,074
$4,138
$950
Property History for 355 Kings Highway, Unit COMMERCIAL
| 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 355 Kings Highway, Unit COMMERCIAL
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. 177 The Marlboro 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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