284 Kings Highway, Brooklyn, NY, 11223

Address

284 Kings Highway, Brooklyn, NY

Listing Type

Mixed Use

Price

$ 3,899,000

Your Agent

Cary Raffle

Licensed Real Estate Associate Broker

Cell: 917-603-3813

Property Attributes

MLS#504508
TypeMixed Use
Listing Status Active
CountyKINGS
CityBrooklyn
AreaBrooklyn
NeighborhoodGravesend
Zip11223
StyleMixed Use
Year Built1931
Taxes$ 41975
Price$ 3,899,000
Bedrooms0
Full Bathrooms0
Half Bathrooms0
Sqr Footage6700
Lot Size0.051263 Acres

Data Source:

Brooklyn MLS (BNYMLS)

Property Description

Excellent income-producing mixed-use property featuring 4 residential family units and 2 storefronts in a desirable Brooklyn location. This property offers multiple income streams with strong rental potential, making it an excellent opportunity for investors seeking immediate cash flow and long-term appreciation. The combination of residential and commercial spaces provides flexibility and stability, while the storefronts offer valuable street-level exposure for businesses. A great addition to any investment portfolio with strong income potential and significant upside. The property consists of a deli and a restaurant on the first floor. There are two - 2 bedrooms apt and one 3 bedrooms along with an one bedroom apt. These 4 units have a rent increment for $200 per month in every Sept, the deli has a rent increment for $175 per month in every July and the restaurant also has a rent increment for $150 per month in every April. The cap rate is 4.4 % Don’t miss this opportunity to own a versatile Brooklyn mixed-use property with excellent income potential.

Price History
9/14/2026	Listed $3,899,000

General Features

Net Operating Income	172825.00
Roof	Flat
Zoning	R7A
Electric	220 V
Stories Count	3
Property Type	Mixed Use
Block	6650
Cap Rate	0.04
Lot Number	72
Yearly Taxes	41975.00
Transaction Type	Sale
Insurance Expense	11000.00
Utility Expense	1500.00
Gross Expense	60275.00
Financing	1031 Exchange,Bank Mortgage,Cash
Building Type	Semi-Detached
Status	Active
Construction Materials	Brick
Cumulative Days on Market	199
MLS Area	Gravesend
Sub Type	Mixed Use
Year Built	1931
City	Brooklyn
Borough	Brooklyn
Number Of Stores	2
DOM	2
Sale Type	Arm's Length
# Families	4
Public Remarks	Excellent income-producing mixed-use property featuring 4 residential family units and 2 storefronts in a desirable Brooklyn location. This property offers multiple income streams with strong rental

Interior Features

Heating Fuel	Oil
Flooring	Other
Hot Water	Hot Water Coil in Boiler
Unit Count	6
Sq Ft Total	6700
Lavatories	4+
Basement Amenities	Full,Unfinished
Commercial Features Exterior	None
Commercial Features Interior	None

Exterior Features

Exterior	Brick
Yard	None
Foundation	Poured Concrete
Lot Sq Ft	2233
Loading Docks	None
Building Length	98.00
Building Width	23.00
Property Panorama YN	Yes
Lot Size Length	98
Lot Size Width	23