$1,690,000
Active
1 days on market
6903 8th Ave
📍 Brooklyn, Brooklyn, NY 11228
3.0
Beds
1.0
Bath
2,000
Sqft
$845
Per sqft
1928
Year built
Multi-family
Type
About this property
Excellent Investment Opportunity on Prime 8th Avenue! This attached mixed-use 1-family property offers stable cash flow and long-term leases, making it an attractive investment opportunity. The property features a 20' × 50' building on a 20' × 60' lot with annual property taxes of $7,448. The 1st floor and finished basement are currently leased to an established hair salon at $2,300/month, with the lease secured through 2029. The commercial tenant is responsible for its own utilities, including water, electricity, gas, and heating, and also pays 30% of the property taxes. The 2nd-floor residential apartment features 3 bedrooms and 1 full bathroom and is occupied by a tenant payi
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Amenities & features
Key facts
Stable cash flow
Finished basement
Leased to hair salon
Property details
Property typeMulti-family
Listing statusActive
Lot size1,197 sqft
Year built1928
Days on market1 days
MLS #504515
Estimated monthly payment
Listing price$1,690,000
Down payment (20%)$338,000
Loan amount$1,352,000
Principal & interest (7%, 30yr)$8,994/mo
Property tax (est.)$1,643/mo
Home insurance (est.)$704/mo
Estimated total$11,341/mo
Estimates only. Contact a lender for accurate figures. Does not include closing costs or PMI.