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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.
| 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 | |