Commercial Sale in Greenpoint, Brooklyn, NY 11222 | Web ID: PH487125 | $6,588,000

 
Property Description

Calling all investors, developers & end-users!!! Huge 17, 790 sqft. Industrial building with gated yard & private driveway for sale!!! The property features great exposure, excellent signage, 12 parking spaces, strong m3-1 zoning, high 12' ceilings, freight elevator, basement with 10' ceilings, separate small building in rear yard, loading dock, sprinklers, 3 phase power, all new led lighting, cac, +++!!! The property is situated in the heart of greenpoint just a few blocks from the bqe (i-278)!!! The property was previously home to a successful furniture manufacturer!!! Neighbors include starbucks, hilton hotels, fedex, the home depot, p. C. Richard & son, national grid, dunkin', cvs, staples, mcdonald's, pep boys, auto zone, restaurant depot, crunch fitness, blink fitness, key food, wendy's, dollar tree, +++!!!!!! This property offers huge upside potential!!! This could be your development site / the next home for your business!!! The building can also be leased for only $30 per sqft. Nnn!!! Income: first floor (6, 500 sqft. ): $195, 000 ann. Nnn. (available) second floor (5, 700 sqft. ): $171, 000 ann. Nnn. (available) ll + rear building (5, 590 sqft. ): $167, 700 ann. Nnn. (available) driveway: $28, 800 ann. (available) pro forma gross income: $562, 500 ann. Expenses: insurance: $3, 823 ann. Taxes: $46, 532. 08 ann. Total expenses: $52, 538. 08 ann. Net operating income (noi): $512, 144. 92 ann. (pro forma 7. 77 cap!!! )

Property Information
Location/Town Greenpoint
Area/County Brooklyn
Prop. Type Commercial Sale
Tax $46,532.00
# Stories 2
Year Built 1931
Total Units 3
Lot Size 72x96.25
Lot SqFt 6,930
Zoning Industrial
Tax Lot 38
Units 3
Listing information courtesy of: All Island Estates Realty Corp
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