340 Junius ST, Brooklyn, NY 11212
340 Junius ST, Brooklyn, NY 11212
340 Junius ST, Brooklyn, NY 11212
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Randy Reis

Randy Reis

+1(917) 435-4870
$7,200,000
Est. payment /mo
23,400 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 23,400 sqft

Price per Sqft $307

MLS Listing ID 501816

Annual Tax Amount $66,714

Property Sub-Type Commercial

Property Description

340-356 Junius Street, located in Brownsville A rare mixed-use investment opportunity in a thriving Brooklyn neighborhood. Situated on a substantial 15,000 sq. ft. lot, the building offers a total of 23,400 sq. ft. of usable space across two floors. Zoned M1-1, the property allows for a variety of industrial, commercial, and community facility uses. Dollar Tree, a national credit tenant, occupies a portion of the building under a 15-year lease at $27,000/month. Dollar Tree pays its own utilities and contributes no real estate taxes as part of their lease structure. Unit 1 (2,500 Sqft) leased as a church $3,500/month (no lease) and unit 2 (4,000 Sqft) is leased as a school $6,000/m (no lease). Also 2 available units offer tenant potential $5,000/m each. All spaces have separate meters. Potential Gross Income: $558,000; Potential Net Income: $458,000; Expenses: approximately $100,000 (tax, repairs, water & utilities). Current property taxes are $66,714.20 with 12 years remaining on a tax abatement. The property is conveniently located near the 1, 2, and 3 train stations, with parking available in multiple spots next to the property and a supermarket directly across the street.

Location

State NY

County Kings (brooklyn)

Area Brownsville

Zoning M1-1

Rooms

Basement Other

Interior

Interior Features Other

Equipment call Agent

Exterior

Roof Type Other

Present Use Other

Building

Foundation Poured Concrete

Others

Financing 1031 Exchange,Bank Mortgage,Cash

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Listed by Tiger Realty

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Randy Reis

Randy Reis

+1(917) 435-4870

Team Leader | License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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