REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 930,000
Est. payment | /mo
$ 930,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEYL3557111
Originating Board onekey2
Rental Info No
Year Built 1920
Annual Tax Amount $2,827
Lot Dimensions 18x71.92
Property Description
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.
Location
State NY
County Kings (brooklyn)
Interior
Heating Natural Gas, Hot Water
Fireplace No
Exterior
Private Pool No
Building
Story 2
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "