2723 W 16th Street
Brooklyn, NY 11224

Attention commercial investors, builders, and home buyers! Here's your chance to acquire a substantial residential property with boundless commercial potential in the vibrant enclave of Coney Island. This fully detached 2-family house, presents an unparalleled opportunity for lucrative investment or development.Features:Gut Renovated: Underwent a comprehensive renovation less than six years ago for modern comfort and functionality.Generous Space: 8 bedrooms and 4 baths offer ample room for various living and investment arrangements.Versatility: M1-2 zoning allows for diverse possibilities from manufacturing to retail.Income Potential: Currently generating income from rented garages, with substantial projected rents.Convenient Location: Close to the beach, boardwalk, and major highways, enhancing accessibility.Low Taxes: Benefit from very low taxes, maximizing profitability.Investment Potential:Explore residential and commercial ventures, from manufacturing to community facilities.Convert to manufacturing facilities, offices, retail outlets, or elevated parking.Consider a community facility such as a daycare, hotel, or hospital.Financial Snapshot:Projected Rent Roll: $8,375/monthProjected Net Income: $7,247+/month after expenses.Contact:Seize this extraordinary opportunity to embark on a winning project. Call now to turn your vision into reality!