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Commercial Sale in Brooklyn, New York, Brooklyn, NY 11210 | Web ID: 918901 | $3,500,000

 
Commercial Sale in New York - Avenue J + 2374 Nostrand Avenue  Brooklyn, NY 11210Commercial Sale Avenue J + 2374 Nostrand Avenue  Brooklyn, NY 11210, MLS-918901-2Commercial Sale Avenue J + 2374 Nostrand Avenue  Brooklyn, NY 11210, MLS-918901-3Commercial Sale Avenue J + 2374 Nostrand Avenue  Brooklyn, NY 11210, MLS-918901-4Commercial Sale Avenue J + 2374 Nostrand Avenue  Brooklyn, NY 11210, MLS-918901-5Commercial Sale Avenue J + 2374 Nostrand Avenue  Brooklyn, NY 11210, MLS-918901-6Commercial Sale Avenue J + 2374 Nostrand Avenue  Brooklyn, NY 11210, MLS-918901-7Commercial Sale Avenue J + 2374 Nostrand Avenue  Brooklyn, NY 11210, MLS-918901-8Commercial Sale Avenue J + 2374 Nostrand Avenue  Brooklyn, NY 11210, MLS-918901-9Commercial Sale Avenue J + 2374 Nostrand Avenue  Brooklyn, NY 11210, MLS-918901-10Commercial Sale Avenue J + 2374 Nostrand Avenue  Brooklyn, NY 11210, MLS-918901-11
 

Property 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.

Property Information

Location/Town New York
Area/County Brooklyn
Post Office/Postal City Brooklyn
Prop. Type Commercial Sale
Tax $20,243.00
# Stories 2
Year Built 1930
Construction Brick, Frame
Total Units 7
Lot SqFt 204,600
Cooling Central Air
Heat Source Natural Gas
Util Incl Natural Gas Available
Days On Market 1
Tax Lot 0001
Units 7
Listing information courtesy of: All Island Estates Realty Corp

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Tel: 718-896-0777
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Fax: 718-896-7020

 

 

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