Nest Seekers

Calling All Investors, Developers amp ; End Users !

New York, NY 11210

Listing

Web ID:4986284
Website:https://www.nestseekers.com/4986284

Property

Ownership: For Sale
Type: mixed-use
Bedrooms: Studio

Financials

Price:$3,500,000
Annual Taxes:$20,243

Description

Calling All Investors, Developers & End-Users!!! 100% Occupied 7 Unit Mixed-Use Corner Building In Midwood For Sale!!! The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 9’ Ceilings, R6/C2-2 Zoning, 3 Apartments, 4 Stores, Basement, All New LED Lighting, 200 Amp Power, CAC, +++!!! The Property Is Located In The Heart Of Midwood Just Blocks From Flatbush Avenue & Brooklyn College!!! Neighbors Include USPS, Honda, Bank Of America, Target, ShopRite, Staples, T.J. Maxx, Dunkin’, Dollar Tree, Pathmark, Aldi, +++!!! The Building Has 102’ Of Frontage On Nostrand Avenue + 22’ Of Frontage On Avenue J!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Chinese Restaurant (Corner Store + LL): $42,000 Ann.; M-M. Shoe Repair Shop: $23,400 Ann.; M-M. Coffee Shop: $24,000 Ann.; M-M. Beauty Salon: $54,000 Ann.; M-M. Apt 1A. (1 Br. Apt.): $23,400 Ann.; M-M. Apt. 2A (Studio): $13,800 Ann.; M-M. Apt. 3A (2 Br. Apt): $24,000 Ann.; M-M. Gross Income: $204,600 Ann. Expenses: Gas: $6,477 Ann. (Whole Building) Electric: $541 Ann. (Hallway & Basement Only) Maintenance & Repairs: $3,500 Ann. Insurance: $11,500 Ann. Water & Sewer: $5,157 Ann. Taxes: $20,243.32 Ann. Total Expenses: $47,418.32 Ann. Net Operating Income (NOI): $157,181.68 Ann.

Amenities

  • Natural Gas Available
  • View of property
  • View of property
  • Map / location with property boundaries highlighted
  • Map / location with property boundaries highlighted
  • Aerial overview of property's location
  • Aerial overview of property's location
  • Aerial view
  • Aerial view
  • Aerial view of property and surrounding area with property parcel outlined
  • Aerial view of property and surrounding area with property parcel outlined
  • View of commercial property
  • View of commercial property
  • Aerial overview of property's location
  • Aerial overview of property's location
  • Aerial map of property and surrounding area featuring property parcel outlined
  • Aerial map of property and surrounding area featuring property parcel outlined
  • View of commercial location
  • View of commercial location
  • Map / location
  • Map / location
  • View of home floor plan
  • View of home floor plan

Contact

578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of All Island Estates Realty Corp