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$2,688,000
Est. payment /mo
1,999 Sqft Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 965426
Rental Info No
Year Built 1931
Annual Tax Amount $26,165
Lot Size 1,999 Sqft
Acres 0.0459
Property Sub-Type Other
Source onekey2
Property Description
Calling All Investors, Developers, & End-Users!!! 7.15 Cap 4 Unit 6,000 Sqft. Mixed-Use Building On Flatbush Avenue For Sale!!! The Property Features Excellent Signage, Great Exposure, C4-4A (R7A Equivalent) Zoning, High 9' Ceilings, Low Property Taxes, 2,000 Sqft. Basement, 6 Parking Spaces, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Brooklyn 2 Blocks Kings Theatre & Minutes From Prospect Park!!! Neighbors Include Capital One Bank, Bank of America, Verizon, T-Mobile, CubeSmart Self Storage, Planet Fitness, PureGym, Crunch Fitness, Target, Shell, Dunkin', Foot Locker, Taco Bell, McDonald's, Wendy's, Chipotle, Auntie Anne's, Wingstop, Subway, Popeye's Louisiana Kitchen, Checkers, Burger King, Five Below, IHOP, +++!!! The Property Has 21' Of Frontage On Busy Flatbush Avenue!!! This Property Has A Daily Traffic Count Of 15,400+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!!
Income:
1st Floor Store (2,000 Sqft. + 2,000 Sqft. LL): $96,000 Ann.
2nd Floor Office (2,000 Sqft.): $60,000 Ann.
3rd Floor Front Office: $31,200 Ann.
3rd Floor Rear Office: $34,800 Ann. (Available)
Pro Forma Gross Income: $222,000 Ann.
Expenses:
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $458 Ann.
Insurance: $2,823 Ann.
Taxes: $26,165.40 Ann.
Total Expenses: $29,696.40 Ann
Net Operating Income (NOI): $192,303.60 Ann. (7.15% Cap!!!)
Income:
1st Floor Store (2,000 Sqft. + 2,000 Sqft. LL): $96,000 Ann.
2nd Floor Office (2,000 Sqft.): $60,000 Ann.
3rd Floor Front Office: $31,200 Ann.
3rd Floor Rear Office: $34,800 Ann. (Available)
Pro Forma Gross Income: $222,000 Ann.
Expenses:
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $458 Ann.
Insurance: $2,823 Ann.
Taxes: $26,165.40 Ann.
Total Expenses: $29,696.40 Ann
Net Operating Income (NOI): $192,303.60 Ann. (7.15% Cap!!!)
Location
State NY
County Kings (brooklyn)
Interior
Heating Electric
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected
Total Parking Spaces 6
Building
Sewer Public Sewer
Water Public
Structure Type Frame
Others
Special Listing Condition None
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Listed by All Island Estates Realty Corp • Richard Matt Shane
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716