Commercial Sale in Bushwick, Brooklyn, NY 11221 | Web ID: PH462767 | $1,988,000

 
Property Description

Calling all investors, developers & end-users!!! 100% occupied 8, 400 sqft. Mixed use building for sale!!! The property features great exposure, excellent signage, 6 parking spaces, strong c4-3 zoning, high 10' ceilings, 6 apartments, basement, all new led lighting, +++!!! The property is located in the heart of bushwick 2 blocks from the gates ave. M train station!!! Neighbors include the home depot, stop & shop, dunkin', peter luger steak house, walgreens, autozone, pep boys, blink fitness, l. A. Fitness, mcdonald's, trader joe's, wendy's, white castle, little caesar's, dollar tree, family dollar, +++!!! The store can be delivered vacant if need be. This property has huge upside potential!!! This could be your next investment property, development site or home for your business!!! Income: store (2, 500 sqft. + full basement): $100, 000 ann. (available) apt. 2r (2 br. 1 bath): $6, 324 ann. ; m-m; 2% ann. Inc. ; been here 25+ years; renovated in 2014. Apt. 2l (2 br. 1 bath): $8, 280 ann. ; m-m; 2% ann. Inc. ; been here 10+ years; renovated in 2016. Apt. 3l (2 br. 1 bath): $7, 044 ann. ; m-m; 2% ann. Inc. ; been here 35+ years apt. 3r (2 br. 1 bath): $7, 284 ann. ; m-m; 2% ann. Inc. ; been here 35+ years apt. 4l (2 br. 1 bath): $5, 208 ann. ; m-m; rent freeze; been here 50+ years apt. 4r (2 br. 1 bath): $7, 200 ann. ; m-m; 2% ann. Inc. ; been here 15+ years gross income: $141, 340 ann. Expenses: gas: $7, 504 ann. Electric (hallway only): $980 ann. Maintenance & repairs: $250 ann. Water: $6, 300 ann. Insurance: $3, 838 ann. Taxes: $15, 317 ann. Total expenses: $34, 189 ann. Net operating income (noi): $107, 151 ann.

Property Information
Location/Town Bushwick
Area/County Brooklyn
Prop. Type Commercial Sale
Tax $15,317.00
# Stories 4
Year Built 1931
Total Units 7
Lot Size 28x125
Lot SqFt 3,500
Zoning C4+3
Tax Lot 68
Units 7
Listing information courtesy of: All Island Estates Realty Corp
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