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$1,998,000
Est. payment /mo
1,598 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 935875
Rental Info No
Year Built 1910
Annual Tax Amount $4,454
Lot Size 1,598 Sqft
Acres 0.0367
Property Sub-Type Other
Source onekey2
Property Description
Calling All Investors, Developers, & End-Users!!! 100% Occupied 3 Unit Mixed-Use Building In Bed-Stuy For Sale!!! The Property Features Excellent Signage, Great Exposure, R6B Zoning, 6 Parking Spaces, High 8' Ceilings, Separate Meters, Low Property Taxes, Security Camera System, Rear Yard, All New LED Lighting, 200 Amp Power, A/C, +++!!! The Property Is Located In The Heart Of Brooklyn Just Blocks From Nostrand Avenue & Fulton Avenue!!! The Property Is Situated Minutes From The Barclays Center, Brooklyn Children's Museum & The Prospect Park Zoo!!! Neighbors Include USPS, UPS, The Home Depot, Dunkin', CubeSmart Self Storage, Walgreens, AutoZone, Bank Of America, Planet Fitness, Blink Fitness, Dunkin', Shake Shack, GameStop, Baskin-Robbins, Mobil, McDonald's, Taco Bell, Mavis Discount Tire, Family Dollar, Wendy's, White Castle, IHOP, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! The Pizzeria Business Which Has 2 Locations Can Also Be Bought For An Additional $950k!!!
Income:
Pizzeria (1st Fl.+ LL + Yard): $67,512 Ann.; 4% Ann. Inc.; Lease Exp.: 5/1/27 + (3) 5 Year Options.
Unit 2 (3 Br. Apt.): $42,000 Ann. M-M.
Unit 3 (2 Br. Apt.): $39,600 Ann. Lease Exp.: 9/1/26.
Gross Income: $149,112 Ann.
Expenses:
Gas: $0 Ann. (Cooking Only)
Oil: $963 Ann. (Heat Only)
Electric: $0 Ann.
Water + Sewer: $2,497 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $3,283 Ann.
Taxes: $4,490.20 Ann.
Total Expenses: $11,483.20 Ann.
Net Operating Income (NOI): $137,628.80 Ann. (6.89% Cap!!!)
Income:
Pizzeria (1st Fl.+ LL + Yard): $67,512 Ann.; 4% Ann. Inc.; Lease Exp.: 5/1/27 + (3) 5 Year Options.
Unit 2 (3 Br. Apt.): $42,000 Ann. M-M.
Unit 3 (2 Br. Apt.): $39,600 Ann. Lease Exp.: 9/1/26.
Gross Income: $149,112 Ann.
Expenses:
Gas: $0 Ann. (Cooking Only)
Oil: $963 Ann. (Heat Only)
Electric: $0 Ann.
Water + Sewer: $2,497 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $3,283 Ann.
Taxes: $4,490.20 Ann.
Total Expenses: $11,483.20 Ann.
Net Operating Income (NOI): $137,628.80 Ann. (6.89% Cap!!!)
Location
State NY
County Kings (brooklyn)
Rooms
Basement Full
Interior
Heating Natural Gas, Oil
Cooling Ductless, Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, See Remarks
Total Parking Spaces 6
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Others
Special Listing Condition None
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Listed by All Island Estates Realty Corp • Richard Matt Shane
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