Nest Seekers

Calling All Investors, Developers, amp ; End Users !

New York, NY 11208

Listing

Web ID:5768893
Website:https://www.nestseekers.com/5768893

Property

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

Financials

Price:$1,500,000
Annual Taxes:$8,873

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

Contact

Williamsburg, NY
578 Driggs Avenue Brooklyn, NY 11211
Phone: +1 718-302-0900
Fax: +1 718-228-3917
williamsburg@nestseekers.com
Listing Courtesy of All Island Estates Realty Corp
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