Property is being sold with or without a fully occupied restaurant, which occupies the building measuring 20' x 70'.


Property

Website:https://www.nestseekers.com/3146958
Address:
660 Utica Avenue
East Flatbush, NY 11203
Cross street:Clarkson Ave.
Ownership: For Sale
Bedrooms: Studio
Pets: Pets No
Lot Size: 10000 sq ft

Financials

Price: $2,200,000
Annual Taxes: $17,802

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Description

Property is being sold with or without a fully occupied restaurant, which occupies the building measuring 20' x 70'. Monthly rent for only the restaurant is $6,000. The land portion where there is currently an auto dealership will be delivered vacant. Pro Forma rent for land portion is $12,000 per month. Can rent out the land or build to suit. R5 Zoning. C2-2 Overlay. Max FAR 1.25. Owner is willing to subdivide the property. The price of 2.2M is for the land only WITHOUT the restaurant. Price of 3.2M includes the restaurant. Pro Forma fully rented is at a 6% Cap.

Amenities

  • Cleared

Contact

1107 Bedford Avenue
Courtesy of EXP Realty