Description
Calling All Investors, Developers & End-Users!!! 100% Occupied 7 Unit Mixed-Use Corner Building In Midwood For Sale!!! The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 9’ Ceilings, R6/C2-2 Zoning, 3 Apartments, 4 Stores, Basement, All New LED Lighting, 200 Amp Power, CAC, +++!!! The Property Is Located In The Heart Of Midwood Just Blocks From Flatbush Avenue & Brooklyn College!!! Neighbors Include USPS, Honda, Bank Of America, Target, ShopRite, Staples, T.J. Maxx, Dunkin’, Dollar Tree, Pathmark, Aldi, +++!!! The Building Has 102’ Of Frontage On Nostrand Avenue + 22’ Of Frontage On Avenue J!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!Income:Chinese Restaurant (Corner Store + LL): $42, 000 Ann.; M-M. Shoe Repair Shop: $23, 400 Ann.; M-M.Coffee Shop: $24, 000 Ann.; M-M. Beauty Salon: $54, 000 Ann.; M-M. Apt 1A. (1 Br. Apt.): $23, 400 Ann.; M-M. Apt. 2A (Studio): $13, 800 Ann.; M-M. Apt. 3A (2 Br. Apt): $24, 000 Ann.; M-M.Gross Income: $204, 600 Ann. Expenses:Gas: $6, 477 Ann. (Whole Building)Electric: $541 Ann. (Hallway & Basement Only) Maintenance & Repairs: $3, 500 Ann. Insurance: $11, 500 Ann. Water & Sewer: $5, 157 Ann. Taxes: $20, 243.32 Ann. Total Expenses: $47, 418.32 Ann. Net Operating Income (NOI): $157, 181.68 Ann.
More Property Details
Lot Sq Ft: 204600
Parking Spaces: Yes
Parking Spaces: 6
Stories: 2
Heat: Natural Gas
A/C: Central Air
Water: Public
Sewer: Public Sewer
Taxes: $20,243
Zoning: R6 C2-2
Block: 07593
Lot: 0001