2300000.00 Dollar US$ knickerbocker avenue brooklyn mixed use new york

 Mixed Use Building

THREE STORY MIXED USE BUILDING FOR SALE EXCELLENT USER/INVESTMENT OPPORTUNITY KNICKERBOCKER AVENUE BROOKLYN, NEW YORK Location: East side of Knickerbocker Ave between Jefferson and Troutman  Street Lot Size: 25’ x 100’ Building Size: Basement: 25’ x 60’ = 1,500 sq. ft. Ground Floor: 25’ x 60’ = 1,500 sq. ft. 2nd Floor: 25’ x 60’ = 1,500 sq. ft. 3rd Floor: 25’ x 60’ = 1,500 sq. ft. Stories: Three (3) Plus Basement Gross Square Feet: 4,500 (Approximately) Above Grade Zoning: (FAR) Total Buildable Sq. Ft: Total Available Air Rights: R6: (2.43) with a C1-3 Overlay (2.0) 6,075 1,575 Real Estate Taxes: $10,174.36 Description: A 25’ wide 4 unit three story mixed use building. The property has  two stores on the ground floor and four two-bedroom apartments above. The units are two per floor and are railroad style, which gives them great sunlight to the front and back of the apartments. The units are individually metered for cooking gas and electric. All the meters are in the basement. The property is a prime investment opportunity because an investor can charge the tenants more rent by renovating the apartments when they become vacant and the common areas. Renovated two bedroom apartments are renting for $2,500 and the stores are worth $3,500 per month. The investor can also give each unit their own boiler and water heater. The store also makes the property a great user opportunity, a user can use the stores when the lease expires and live in one of the apartments above. Revenue: Unit Description Unit Type Revenue LXP Ground Floor: Restaurant   Store Commercial Commercial   $2,500.00 $2,500 pro 12/22 Vacant Second Floor: 1 2 2 Bedroom Apt 2 Bedroom Apt Free Market Free Market $1,200  $1,200 Mo-Mo Mo-Mo Third Floor: 3 2 Bedroom Apt Free Market $1,200 Mo-Mo 4 2 Bedroom Apt Free Market $600 Mo-Mo Monthly Inc: $9,200.00 Annual Inc: $110,400 Expenses:   Real Estate Taxes: $10,174.36 Water & Sewer: $3,800.00 Insurance: $3,500.00 Heat (Gas): $2,750.00 Electric: (common areas) $1,200.00 Repairs & Maintenance: Total Annual Expenses $1,800.00  $23,224.36 Net Operating Income: $87,175.64 CAP RATE: 3.8% ASKING PRICE: $2,300,000     k val d 1


  •  Published date: January 18, 2021
  •  Region: New York
  •  City: new york
  •  Address: Knickerbocker Avenue
  •  Phone number: Brooklyn
  •  Views: 2



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