Commercial Sale in Brooklyn, New York, Brooklyn, NY 11226 | Web ID: PH607209 | $1,999,000

 
Property Description

Calling all investors, developers & end-users!!! 100% occupied 13 unit mixed-use building in flatbush for sale!!! The building features excellent signage, great exposure, 3 stores, 6 parking spaces, high 9’ ceilings, strong r6/c1-3 zoning, signalized intersection, (10) 1 br. Apts. , basement, led lighting, 200 amp, power, a/c, +++!!! The property is located in the heart of flatbush 2 blocks off linden blvd. & only minutes from prospect park, the brooklyn museum & brooklyn botanic garden!!! Neighbors include usps, target, t-mobile, walgreens, cubesmart self storage, dunkin’, taco bell, subway, duane reade, five below, ihop, +++!!! The building has 27+ feet of frontage on busy church ave.!!! This property offers huge upside potential!!! This could be your next development site or be the next home for your business!!! Income: biali (restaurant; 800 sqft. + 800 sqft. Ll): $33, 600 ann. ; lease exp. : 8/1/28; 3% ann. Inc. ; been here 10+ years. Royal cloudz convenience: (600 sqft. ; no ll): $36, 000 ann. ; lease exp. : 12/1/29; 5%ann. Inc. Coco glam studio (salon; 500 sqft. ; no ll): $21, 168 ann. ; lease exp. : 7/1/25; additional 5 year option ; 3% ann. Inc. Unit 1a (1 br. , 1 bath): $9, 620. 52 ann. Unit 2a (1 br. , 1 bath): $14, 319. 60 ann. Unit 3a (1 br. , 1 bath): $13, 500. 72 ann. Unit 4a (1 br. , 1 bath): $24, 000 ann. Unit 2b (1 br. , 1 bath): $12, 435. 60 ann. Unit 3b (1 br. , 1 bath): $17, 191. 20 ann. Unit 4b (1 br. , 1 bath): $16, 219. 32 ann. Unit 2c (1 br. , 1 bath): $8, 528. 40 ann. Unit 3c (1 br. , 1 bath): $16, 077. 60 ann. Unit 4c (1 br. , 1 bath): $15, 044. 76 ann. Carport: $6, 000 ann. (available) 3 stores gross rent: $90, 768 ann. 10 apartments gross rent: $146, 937. 72 ann. Total gross rent: $243, 705. 72 ann. Expenses: gas: $9, 000 ann. Electric: $4, 000 ann. (common area only) maintenance & repairs: $250 ann. Insurance: $10, 000 ann. Water & sewer: $9, 000 ann. Trash: $0 ann. Snow & landscape: $0 ann. Taxes: $42, 340 ann. Total expenses: $75, 590 ann.

Property Information
Location/Town New York
Area/County Brooklyn
Post Office/Postal City Brooklyn
Prop. Type Commercial Sale
Tax $42,340.00
# Stories 4
Year Built 1931
Total Units 13
Lot Size 25x103.75
Lot SqFt 2,594
Days On Market 294
Tax Lot 17
Units 13
Listing information courtesy of: All Island Estates Realty Corp
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