Description
Calling All Investors, Developers, & End-Users!!! 3 Unit 4, 780 Sqft. Mixed-Use Building On Liberty Avenue In Brooklyn For Sale!!! The Property Features Excellent Signage, Great Exposure, , Strong R5/C1-2 Zoning, High 11’ Ceilings, Security System, , Low Property Taxes, 6 Parking Spaces, Separate Meters, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Cypress Hills 2 Blocks From N Conduit Ave. & Minutes From Forest Park Golf Course!!! Neighbors Include Stop & Shop, Key Food, Dunkin’, LA Fitness, Mobil, Wendy’s, Subway, Checker’s, Burger King, Dollar Tree, White Castle, IHOP, +++!!! The Property Has 17’ Of Frontage On Busy Liberty Avenue!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!! Income: 3rd Floor (Computer/Shipping Company): $36, 000 Ann.; Lease Exp.: 2028. 2nd Floor (Hair Salon): $36, 000 Ann.; Lease Exp.: 2029.1st Floor (Clothing Store): $72, 000 Ann. Will Be Delivered Vacant. 1st Floor (Jewelry Store 600 Sqft.): $33, 000 Ann. Pro Forma Gross Income: $177, 000 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $420 Ann. Insurance: $1, 823 Ann. Taxes: $22, 626 Ann. Total Expenses: $25, 119 Ann Net Operating Income (NOI): $151, 881 Ann.
More Property Details
Lot Size: 0.0413
Lot Sq Ft: 1800
Parking Spaces: Yes
Parking Spaces: 6
Stories: 3
Heat: Natural Gas
A/C: Central Air
Water: Public
Sewer: Other
Taxes: $22,626
Zoning: R4, R5
Block: 4203
Lot: 120