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Commercial Sale in Brooklyn, New York, Brooklyn, NY 11206 | Web ID: 842824 | $2,680,000

 
Commercial Sale in New York - Debevoise  Brooklyn, NY 11206Commercial Sale Debevoise  Brooklyn, NY 11206, MLS-842824-2Commercial Sale Debevoise  Brooklyn, NY 11206, MLS-842824-3
 

Property Description

We Are Pleased To Offer A High-performing Mixed-use Property Located In The Heart Of Williamsburg, Brooklyn — One Of New York City’s Most Dynamic And Desirable Neighborhoods For Both Residential And Commercial Tenancy. Constructed In 2000 And Meticulously Maintained, This Three-story Asset Comprises A Ground-floor Retail Space Currently Occupied By A Long-standing Deli Operator, One Full-floor 3-bedroom Residential Unit, And Four 1-bedroom Apartments. All Units Are Separately Metered, With Clean Utility Separation And Low-maintenance Common Areas. Importantly, There Are No Leases In Place, Presenting A Rare Opportunity For Immediate Repositioning To Market Rents In An Area Experiencing Sustained Demand And Limited Supply. The Property Generates A Gross Annual Income Of $246, 000, With Modest Operating Expenses Totaling $85, 384. After Accounting For A Standard 5% Vacancy Reserve, The Net Operating Income Stands At Approximately $148, 316. Based On A 5.5% Capitalization Rate, This Implies A Market Valuation In The Range Of $2.7 Million. Financing Scenarios At 75% Loan-to-value And A 6% Interest Rate Project A Strong Cash-on-cash Return, With Ample Debt Coverage Supported By In-place Income. Williamsburg Continues To Attract A Diverse And Affluent Tenant Base, Driven By Its Unique Blend Of Residential Appeal, Retail Vibrancy, And Transit Accessibility. This Asset Is Exceptionally Positioned To Benefit From The Neighborhood’s Long-term Trajectory, Offering Both Immediate Cash Flow And Long-range Value Appreciation.

Property Information

Location/Town New York
Area/County Brooklyn
Post Office/Postal City Brooklyn
Prop. Type Commercial Sale
Tax $60,584.00
Year Built 2011
Basement Finished, Walk-Out Access
Construction Brick
Lot SqFt 2,500
Cooling Wall/Window Unit(s)
Heat Source Natural Gas
Util Incl None
Days On Market 10
Tax Assessed Value 575100
Listing information courtesy of: Keller Williams Landmark II

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  • 103-13 Queens Blvd., Forest Hills, NY 11375
  • Email: info@realtydepotny.com
  • Phone: 718-896-0777
  • Fax: 718-896-7020

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