Property Details

Overview

Calling All Investors, Developers, & End-Users!!! Free Market Mixed-Use Building On Flatbush Ave. For Sale!!! The Property Features Excellent Signage, Great Exposure, Free Market 2Br. Apt., Strong R5/C2-2 Zoning, High 9’ Ceilings, Low Property Taxes, Separate Meters, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Brooklyn Only A Few Blocks From Kings Highway!!! Neighbors Include Starbucks, Toyota, Acura, Honda, USPS, UPS, Chase Bank, T-Mobile, Target, ShopRite, Optimum, Staples, LIfe Storage, Dunkin’, AutoZone, Dollar Tree, Key Food, YMCA, CityMD, Aldi, +++!!! The Entire Building Can Be Delivered Vacant If Need Be! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!! Income: Grocery Store (990 Sqft. + 990 Sqft. LL): $36, 000 Ann.; M-M. 2nd Floor Apt. (2 Br., 1 Bath, W/D): $30, 000 Ann. Gut Renovated in 2012. (Available) Pro Forma Gross Income: $66, 000 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $2, 800 Ann. Taxes: $2, 826.96 Ann. Trash: $0 Water & Sewer: $500 Ann. Total Expenses: $6, 376.96 Ann. Net Operating Income (NOI): $59, 623.04 Ann.