Property Details

Overview

Calling All Investors, Developers & End-Users!!! 100% Occupied Free Market Building Package In Brooklyn For Sale!!! The Buildings Feature Excellent Signage, Great Exposure, 2 Stores, 6 Parking Spaces, High 10’ Ceilings, Strong R5 Zoning, (4) 2 Br. Apts., (2) 1 Br. Apts., (1) 3 Br. Apt., Basements, LED Lighting, 200 Amp, Power, A/C, +++!!! The Properties Are Located In The Heart Of Brooklyn 1 Block Off Linden Blvd. (Rt. 27)!!! Neighbors Include The Home Depot, Stop & Shop, ShopRite, CubeSmart Self Storage, L.A. Fitness, Sunoco, Dollar Tree, Wendy’s, Subway, +++!!! These Properties Offer HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 989 Hegeman Avenue: Laundromat: $48, 000 Ann. Grocery Store: (600 Sqft.): $30, 000 Ann.; Lease Exp.: 5/1/29; $600 Ann. Inc. Unit 2R (2 Br., 1 Bath): $21, 600 Ann. M-M. Unit 2L (2 Br., 1 Bath): $21, 600 Ann. M-M. Unit 3R (2 Br., 1 Bath): $21, 600 Ann. M-M. Unit 3L (2 Br., 1 Bath): $21, 600 Ann. M-M. Gross Rent: $164, 400 Ann. 482 Atkins Avenue: Unit 1 (3 Br., 1 Bath): $39, 600 Ann. M-M. Unit 2R (1 Br., 1 Bath): $18, 00 Ann. M-M. Unit 2F (1 Br., 1 Bath): $18, 000 Ann. M-M. LL: $22, 000 Ann. (Available) Gross Rent: $87, 600 Ann. Expenses: Gas: $5, 380 Ann. Electric: $1, 500 Ann. (Hallway + Basement Only) Maintenance & Repairs: $500 Ann. Insurance: $7, 679 Ann. Water & Sewer: $2, 863 Ann. (Excluding Laundromat) Trash: $0 Ann. Taxes: $20, 892.72 Ann. Total Expenses: $38, 814.72 Ann. Total Gross Income: $252, 000 Ann. Net Operating Income (NOI): $213, 185.28 Ann. (8.44 Cap!!!)