New York, NY 11220

Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Pets: Pets No

Financials

Price:$5,750,000
Annual Taxes:$34,820.48
578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of All Island Estates Realty Corp

Calling All Investors, Developers amp ; End Users !

View of property

Description

Calling All Investors, Developers & End-Users!!! 7,600 Sqft. Industrial Building With M1-1 Zoning For Sale In Sunset Park!!! The Property Features Excellent Signage, Great Exposure, High 16’ Ceilings, 12 Parking Spaces, 2 Roll-Up Drive-In Doors, Offices, M1-1 Zoning, 3 Phase Power, Security System, Large Driveway, 5 Skylights, All New LED Lighting, CAC +++!!! The Property Is Located In The Heart Of Sunset Park 4 Blocks Off I-278 & Minutes From The Verrazzano Bridge!!! Neighbors Include Chase Bank, Audi, BMW, Jeep-Dodge-Ram, Hyundai, Mazda, Starbucks, USPS, P.C. Richard & Son, Costco, Extra Space Storage, NYU Langone, Outback Steakhouse, Dunkin’, OrangeTheory Fitness, ShopRite, Staples, Wendy’s, Pollo Campero, KFC, +++!!! The Property Has 39’ Of Frontage On 62nd Street!!! The Entire Building Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Warehouse (Right Side, 2,800 Sqft.): $120,000 Ann. (Available) Warehouse (Left Side, 2,400 Sqft.): $110,000 Ann. (Available) 2nd Floor Office (1,600 Sqft.): $48,000 Ann. (Available) Pro Forma Gross Income: $278,000 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Insurance: $3,823 Ann. Maintenance/ Repairs: $250 Ann. Water & Sewer: $560 Ann. Taxes: $34,820.48 Ann. Total Expenses: $39,453.48 Ann. Pro Forma Net Operating Income (NOI): $238,546.52 Ann. Reply, Reply All or Forward Atta

Amenities

  • Natural Gas Available

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.