159 Sand Lane

Description

This exceptional mixed-use investment property, just minutes away from the Verrazzano Bridge, offers a compelling opportunity. It comprises a commercial storefront and two residential units within a 4,000 sq. ft. space encompassing two distinct buildings. The primary building, constructed entirely of brick, features a storefront equipped with an office kitchenette, two spacious rooms, and a half bath, alongside a full unfinished basement. The second floor of this building hosts a beautifully renovated apartment, showcasing a generous living room, dining area, kitchen, one bedroom, and a full bath complete with a washer and dryer. This apartment exudes elegance with its striking hardwood flooring in the expansive living room, tiled flooring in the kitchen and dining areas, and upgraded granite countertops and appliances. Nestled at the rear of the property is a charming frame cottage house spanning 27x34 sq ft. This fully renovated cottage offers two bedrooms, a full bath, a cozy living room, and an inviting eat-in kitchen, complemented by an unfinished basement. Noteworthy features include a tankless water heater, adding to the property's allure. With a robust 6.8% cap rate, this property promises excellent income potential. Whether you choose to rent out all units or utilize the space for your business while residing in one of the units, this property presents a versatile investment opportunity sure to captivate discerning investors.