Commercial Sale in Williamsburg, Brooklyn, NY 11211 | Web ID: PH535868 | $3,550,000

 
Property Description

Calling all investors, developers, & end-users!!! 100% occupied 4 unit free market mixed-use building in williamsburg for sale!!! The property features excellent signage, great exposure, 6 parking spaces, high 9' ceilings, 2 br. Apartment, (2) 3 br. Apartments, separate meters, low property taxes (only $5, 013), 200 amp power, all new led lighting, a/c, +++!!! The property is located close to the bqe, williamsburg bridge and mccarren park & pool!!! The property is also only 2 blocks from metropolitan avenue!!! Neighbors include google, nike, ups, dunkin', walgreens, mcdonald's, orangetheory fitness, blink fitness, +++!!! This property has huge upside potential!!! This opportunity won't last long!!! This property would make a nice addition to your investment portfolio!!! Income: 1st floor (2 br. , 2 bath): $42, 000 ann. Lease exp. : 7/2024. 2nd floor (3 br. , 2 bath): $49, 200 ann. Lease exp. : 7/2024. 3rd floor (3 br. , 2 bath): $52, 800 ann. Lease exp. : 7/2024. Ll spa: $28, 800 ann. Lease exp. : 8/2024. Gross income: $172, 800 ann. Expenses: gas + electric: $2, 860 ann. (hallway & basement only) water + sewer: $2, 679 ann. Insurance: $3, 829 ann. Taxes: $5, 013 ann. Total expenses: $14, 381 net operating income (noi): $158, 419 ann.

Property Information
Location/Town Williamsburg
Area/County Brooklyn
Prop. Type Commercial Sale
Tax $5,013.00
# Stories 3
Year Built 1899
Total Units 4
Lot Size 25x100
Lot SqFt 2,500
Zoning R6B
Tax Lot 40
Units 4
Listing information courtesy of: All Island Estates Realty Corp
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