Remarks

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. Gross Income: $243,705.72 Ann. Net Operating Income (NOI): $168,115.72 Ann. (7.82 Cap!!!) , or

Details

MLS#: L3565150
Price: $2,050,000

Style: Mixed Use
Baths Half: 0
Sq Ft: 11625
Year Built: 1931

County: Kings (Brooklyn)
Lot Size: 25x103.75
Tax Fee: 42340