289 Neptune Ave, Brooklyn, NY 11235

289 Neptune Ave.….SOLD on 6/2/22 for $1.5M (Listed on 1/3/22 for $1.5M) SOLD in the heart of Brighton Beach for a RECORD PRICE! This fully attached mixed-use 5 family plus a storefront building on Neptune Ave. closed yesterday for the full asking price of $1.5M! Two months before we listed this building, the same building a few doors down closed for $1.25M. Despite that one being attached only on one side, having two advertising billboards and better tenants paying higher rents, I went out on a limb and listed mine for $250K more because I felt that the other building was under marketed and therefore undersold. There was no way that my clients were going to get that mediocre outcome. With full confidence and trust from my clients, I listed the building for a price I hoped for and although they would’ve been very happy achieving the same $1.25M for their building that their neighbor got for theirs two months earlier, we were able to set this extraordinary, record price. How? As always, rather than seeking fast and easy sales (that deliver us fast and easy commissions), we commit to giving every one of our clients an expert, comprehensive marketing campaign. This approach takes a little time and a lot of money, but it also insures that our clients always get a sale for the highest possible price. That’s exactly what we mean when we say Clients come first at Calemine & Co. Real Estate.…JUST LISTED! Well maintained fully occupied mixed-use building in Brighton Beach. Centrally located on Neptune Ave and Brighton 5th Street. This fully attached three story building features five modern 2-bedroom apartments and 2 commercial retail tenants. All tenants pay their rent on time and pay a fair market rent. This all brick building features a six year old rubber roof, and a one year old high efficiency gas boiler. Large backyard and partial basement with windows offers plenty of room for storage. This money making building generates $120K in income per year with only $49,345 in expenses. This building has been carefully owned and maintained by the same family for three generations. Listed exclusively with Calemine & Co. Real Estate. Listing status updated daily. Call us with any questions or to schedule a private viewing.

Details:

Property Type: Mixed-Use Building

Building Size: 20’ x 76’

Lot Size: 20’x100’

Financials

Price: $1,500,000

Taxes: $14,545

Rent Roll: $10,000/mo.

Listed by: