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Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision East New York
MLS Listing ID 1043556
Rental Info No
Year Built 1920
Annual Tax Amount $8,873
Property Sub-Type Multi Family
Source onekey2
Property Description
Calling All Investors, Developers, & End-Users!!! 8.54 Cap 3 Unit 7,250 Sqft. Free Market Mixed-Use Building In Brooklyn For Sale!!! The Property Features Excellent Signage, Great Exposure, R6B/C2-4 Zoning, High Ceilings, 2 Apartments, Finished Basement, 3 Phase Power, Low Property Taxes, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Cypress Hills Blocks From Rockaway Blvd. & Conduit Blvd.!!! The Property Is Situated Only 15 Minutes From JFK Airport!!! Neighbors Include Chase Bank, Capital One Bank, Citibank, USPS, CubeSmart Self Storage, BP Gas, Stop & Shop, AutoZone, CVS, Dunkin', Marshalls, Family Dollar, McDonald's, Wendy's, Burger King, Papa John's Pizza, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Storefront/Office (2,500 Sqft. + 2,500 Sqft. LL): $48,000 Ann. 5 Year Lease Expires 2031.
Unit 2 (4 Br., 2 Bath Apt.): $49,200 Ann. 1 Year Lease Expires 2027.
Unit 3 (3 Br., 2 Bath. Apt.): $48,000 Ann. (Available)
Pro Forma Gross Income: $145,200 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Insurance: $6,500 Ann.
Water & Sewer: $1,800 Ann.
Taxes: $8,873.20 Ann.
Total Expenses: $17,173.20 Ann.
Income:
Storefront/Office (2,500 Sqft. + 2,500 Sqft. LL): $48,000 Ann. 5 Year Lease Expires 2031.
Unit 2 (4 Br., 2 Bath Apt.): $49,200 Ann. 1 Year Lease Expires 2027.
Unit 3 (3 Br., 2 Bath. Apt.): $48,000 Ann. (Available)
Pro Forma Gross Income: $145,200 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Insurance: $6,500 Ann.
Water & Sewer: $1,800 Ann.
Taxes: $8,873.20 Ann.
Total Expenses: $17,173.20 Ann.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Multi Units
Fireplace No
Exterior
Parking Features Other
Utilities Available Electricity Connected, Sewer Connected
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Schools
High Schools Brooklyn 19
School District Brooklyn 19
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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