MLS#979554
STATUSActive
PROPERTY TYPECommercial -
Property Description
Brooklyn's Best Corner Commercial Investment Building for Sale. Welcome to an exceptional income-producing opportunity in a Prime Bensonhurst location. This solid corner FREE MARKET brick property spans over 6,414 square feet with 3 stories, 23 feet by 93 feet long of fine colorful yellow brick and architecture & an 11-foot black entrance door to residence entry. The residential units consist of FOUR 2-bedroom renovated apartments and a 1,650 square foot first floor duplex featuring 3 bedrooms, 2 full bathrooms, 2 living rooms, 2 kitchens, a home office ideal for a virtual businessperson. Commanding a premium rental income. In addition, Store #1 is a Prime Corner KINGS HIGHWAY Hair Salon with 20 feet front & 16 feet side windows exposure. Excellent income of $5,047 per month plus Sept 2026 the real estate tax of 25% kicks in of the current then R.E. tax to be paid by the store tenant. Store #2 has an independent new storefront currently a medical billing office on the side building. The current rent is $2,912, which includes partial front half of basement. The rental income is $2,912 per month. Currently the building income is $259,008 with expenses of approximately $38,000. NOI $221,000. With moderate rent increases for next year $279,000. Easily can offer much higher potential rental income with more individuals renting in the apartments. The potential upside to building up 6-7 stories, zoning R7A-2 commercial inlay. To build condos. All functional building equipment has been replaced in the past 5 years. New - gas heating system, 43 windows, new EPDM roof, upgraded electric per apartment, hallway painted, brick pointing, steam cleaning, outside concrete. For investors seeking a stable investment with dependable rents and low building maintenance, this is an opportunity worth considering. Owner will consider holding some financing.
Property Features
Property Type: Commercial -
Basement: Finished, Full
Basement: Yes
Cooling: None
Heating: Natural Gas
Stories: 3.0
Taxes: $27,000
Year Built: 1936
Feature Descriptions
Building Area Total: 6417
Exterior: Block, Brick
Fuel Expense: 1000
On Market Date: 2026-04-01
Parking Features: None
Rental Term: Monthly
Sewer: Other
Units: 5
Utilities: See Remarks
Water: Other
Listed By / Shown By
Listing By
Agency Name: RE/MAX Edge
Agency Contact: 718-288-3835
Shown By
Agent Name: Susan Schefler
Agent Phone: (516) 244-6712
Agency Title: Coldwell Banker American Homes
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332 Kings Highway | MLS# 979554
This commercial property located at 332 Kings Highway , Brooklyn, NY 11223 is currently listed for sale with an asking price of $3,999,000. Search Brooklyn real estate on www.susanschefler.com today.