Calling all investors, developers, & end-users!!! 100% occupied 4 unit free market mixed-use building in williamsburg for sale!!! The property features excellent signage, great exposure, 6 parking spaces, high 9' ceilings, 2 br. Apartment, (2) 3 br. Apartments, separate meters, low property taxes (only $5, 013), 200 amp power, all new led lighting, a/c, +++!!! The property is located close to the bqe, williamsburg bridge and mccarren park & pool!!! The property is also only 2 blocks from metropolitan avenue!!! Neighbors include google, nike, ups, dunkin', walgreens, mcdonald's, orangetheory fitness, blink fitness, +++!!! This property has huge upside potential!!! This opportunity won't last long!!! This property would make a nice addition to your investment portfolio!!! Income: 1st floor (2 br. , 2 bath): $42, 000 ann. Lease exp. : 7/2024. 2nd floor (3 br. , 2 bath): $49, 200 ann. Lease exp. : 7/2024. 3rd floor (3 br. , 2 bath): $52, 800 ann. Lease exp. : 7/2024. Ll spa: $28, 800 ann. Lease exp. : 8/2024. Gross income: $172, 800 ann. Expenses: gas + electric: $2, 860 ann. (hallway & basement only) water + sewer: $2, 679 ann. Insurance: $3, 829 ann. Taxes: $5, 013 ann. Total expenses: $14, 381 net operating income (noi): $158, 419 ann.
Location/Town | Williamsburg |
Area/County | Brooklyn |
Prop. Type | Commercial Sale |
Tax | $5,013.00 |
# Stories | 3 |
Year Built | 1899 |
Total Units | 4 |
Lot Size | 25x100 |
Lot SqFt | 2,500 |
Zoning | R6B |
Tax Lot | 40 |
Units | 4 |
Listing information courtesy of: All Island Estates Realty Corp |