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 $219,008. 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
Days on Site: 8
Exterior: Block, Brick
Fuel Expense: 1000
On Market Date: 2026-04-01
Parcel Number: 6652-65
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
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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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.coldwellbankerchoice.com today.