Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Bedrooms: | Studio |
| Pets: | No Pets Allowed |
| Lot Size: | 0.04 Acres |
Financials
Listing Courtesy of All Island Estates Realty Corp
Calling All Investors, Developers, amp ; End Users !
- View of building exterior featuring entry steps
- Map of property location with property parcel outlined
- View of patio
- Map / location
- Kitchen featuring refrigerator and white cabinetry
- Kitchen featuring dark countertops and a sink
- View of property location
- Kitchen featuring stainless steel counters, tile walls, and open shelves
- Kitchen featuring stainless steel counters, open shelves, and tile walls
- Aerial view of property's location
- View of utility room
- Kitchen featuring light tile patterned flooring, heating unit, and freestanding refrigerator
- Aerial view of property and surrounding area featuring property parcel outlined
- Bathroom featuring vanity, tile walls, and a wainscoted wall
- View of storage
- Aerial map of property and surrounding area featuring property boundaries highlighted
- Garage featuring white fridge
- Aerial view of property and surrounding area
- Utility room featuring electric panel
- Back of house
- Map / location
- View of building exterior
- 23
- Kitchen with stainless steel counters and open shelves
- Utility room with gas meter
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!!!)
Amenities
- Electricity Connected
- Natural Gas Connected
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.
