Property Description
Calling all investors, developers & end-users!!! 7. 15 cap 100% occupied free market mixed-use corner building for sale!!! Built in 2006 the building features great exposure, excellent signage, 6 parking spaces, cac, all new led lighting, +++!!! Located in the heart of cypress hills two blocks from m-train station!!! Neighbors include mcdonald's, dunkin', planet fitness, dollar tree, wendy's, popeye's, domino's, advance auto parts, +++!!! 2274 pitkin ave. Is located on the corner at the lighted intersection of busy pitkin ave. & schenck ave.!!! The property has a daily traffic count of 14, 500+ vehicles per day!!! The property recently had over $50, 000 of renovations done!!! This could be your next development site/ investment property/ home for your business!!! Income: 1st floor (house of worship): $32, 400 ann. Lease exp. : 12/1/24; 3% ann. Inc. 2nd floor 3 br. Apt. : $31, 200 ann. Lease exp. : 5/1/24; 4% ann. Inc. 3rd floor 3 br. Apt. : $26, 400 ann. M-m. Gross income: $110, 000 ann. Expenses: gas: $0 ann. Maintenance & repairs: $250 ann. Water: $2, 400 ann. Insurance: $2, 500 ann. Taxes: $8, 272 ann. Total expenses: $13, 422 ann. Net operating income (noi): $96, 578 ann. (7. 15 cap!!! )
Property Information
| Location/Town | Cypress Hills |
| Area/County | Brooklyn |
| Prop. Type | Commercial Sale |
| Tax | $8,272.00 |
| # Stories | 3 |
| Year Built | 2006 |
| Total Units | 3 |
| Lot Size | 23x75 |
| Lot SqFt | 1,725 |
| Heat Source | Natural Gas |
| Zoning | R7A |
| Tax Lot | 111 |
| Units | 3 |
| Listing information courtesy of: All Island Estates Realty Corp | |
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