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UPDATED:
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Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY815482
Originating Board onekey2
Rental Info No
Year Built 1940
Annual Tax Amount $8,255
Property Description
Calling All Investors, Developers & End-Users!!! SHOVEL READY Development Site For A 22 Unit 19,100+ Sqft Building In Brooklyn For Sale!!! The Property Has Plans In Place For A Brand New Building!!! The Building Will Feature Great Exposure, Excellent Signage, 5 (2 Br.) Apartments, 1 Br. Apartment, 7 Parking Spaces, High 9' Ceilings, 7 Stories, Sprinklers, Elevator, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Brooklyn Near Barclays Center, Brooklyn Museum, Kings Theatre & Brooklyn Children's Museum!!! Neighbors Include Starbucks, UPS, The Home Depot, Public Storage, CubeSmart Self Storage, Safeguard Storage, Target, Staples, Planet Fitness, PetSmart, Shake Shack, Mavis Discount Tire, Auntie Anne's, Wendy's, Checkers, White Castle, KFC, +++!!! This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site!!!
Income:
(5) 2 Br. Apts.: $252,000 Ann.
(10) 1 Br. Apts.: $384,000 Ann.
(5) Studio Apts: $138,000 Ann.
2 Br. Penthouse: $62,000 Ann.
1 Br. Penthouse: $51,600 Ann.
7 Parking Spaces: $21,000 Ann.
Pro Forma Gross Income: $908,600 Ann.
Expenses:
Gas: $0
Electric: $0
Water & Sewer: $3,257 Ann.
Insurance: $5,217 Ann.
Taxes: $8,254.96 Ann.
Total Expenses: $16,728.96 Ann.
Pro Forma Net Operating Income (NOI): $ 891,871.04 Ann.
Income:
(5) 2 Br. Apts.: $252,000 Ann.
(10) 1 Br. Apts.: $384,000 Ann.
(5) Studio Apts: $138,000 Ann.
2 Br. Penthouse: $62,000 Ann.
1 Br. Penthouse: $51,600 Ann.
7 Parking Spaces: $21,000 Ann.
Pro Forma Gross Income: $908,600 Ann.
Expenses:
Gas: $0
Electric: $0
Water & Sewer: $3,257 Ann.
Insurance: $5,217 Ann.
Taxes: $8,254.96 Ann.
Total Expenses: $16,728.96 Ann.
Pro Forma Net Operating Income (NOI): $ 891,871.04 Ann.
Location
State NY
County Kings (brooklyn)
Rooms
Basement See Remarks
Interior
Heating Oil
Cooling Central Air
Fireplace No
Exterior
Utilities Available See Remarks
Total Parking Spaces 7
Building
Story 7
Sewer Public Sewer
Water Other
Structure Type Block
Schools
School District Brooklyn
Others
Special Listing Condition None
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Listed by All Island Estates Realty Corp
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716