New York, NY 11208

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio

Financials

Price:$1,500,000
Annual Taxes:$8,873
Listing Courtesy of All Island Estates Realty Corp

Calling All Investors, Developers, amp ; End Users !

Description

Calling All Investors, Developers, & End-Users!!! 8.54 Cap 3 Unit 7,250 Sqft. Free Market Mixed-Use Building In Brooklyn For Sale!!! The Property Features Excellent Signage, Great Exposure, R6B/C2-4 Zoning, High Ceilings, 2 Apartments, Finished Basement, 3 Phase Power, Low Property Taxes, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Cypress Hills Blocks From Rockaway Blvd. & Conduit Blvd.!!! The Property Is Situated Only 15 Minutes From JFK Airport!!! Neighbors Include Chase Bank, Capital One Bank, Citibank, USPS, CubeSmart Self Storage, BP Gas, Stop & Shop, AutoZone, CVS, Dunkin’, Marshalls, Family Dollar, McDonald’s, Wendy’s, Burger King, Papa John’s Pizza, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Storefront/Office (2,500 Sqft. + 2,500 Sqft. LL): $48,000 Ann. 5 Year Lease Expires 2031. Unit 2 (4 Br., 2 Bath Apt.): $49,200 Ann. 1 Year Lease Expires 2027. Unit 3 (3 Br., 2 Bath. Apt.): $48,000 Ann. (Available) Pro Forma Gross Income: $145,200 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Insurance: $6,500 Ann. Water & Sewer: $1,800 Ann. Taxes: $8,873.20 Ann. Total Expenses: $17,173.20 Ann.

Amenities

  • Electricity Connected
  • Sewer Connected

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.