$2499988 Price Analysis    ♡   Brooklyn, NY 11206 6 bed 3 bath 3483 SqFt ($717/SqFt) Listed 2024-03-06, Taxes $4141 | Ⓧ USDA Ineligible due to price & location near Brooklyn |
MIXED-USE BUILDING FOR SALE IN EAST WILLIAMSBURG BROOKLYN.
PRIME LOCATION. PROPERTY OVERVIEW: Mixed-Use Building with 1 store and 2 apartments on the second and third floors. Basement includes storage space and a boiler room with separate access. All tenants responsible for their own utilities. Separate electric meters and two separate boilers for residential tenants. Favorable low taxes $4, 318 Conveniently situated across the street from Woodhull Hospital. Half a block from the J and M trains - Flushing Avenue Station. B43 and B57 Buses. BUILDING: 3, 843 Sq. Ft. w/ an allowance to build an additional 1, 838 Sq. Ft. Current Rent Rolls: 3-bedroom box room apartment: $2, 200 (No Lease) 3-bedroom box room apartment: $2, 000 (No Lease) Commercial Space/Restaurant: $5, 000 (5 year Lease w/ 3% annual increase) NOI $95, 482 Cap Rate 3.8% Annual Expense: Taxes $4, 318 Water $2, 000 Electric $3, 600 Insurance $5, 000 Total $14, 918 PROJECTED MARKET RENTS with BRAND BRAND NEW LEASES: 3-bedroom apartment: $5, 100 3-bedroom partment: $5, 100 Commercial Space: $5, 000 Projected Total Income: $15, 200 Projected Annual Income: $182, 400 Expenses: 14, 918 Projected NOI: $167, 482 Projected Cap Rate: 6.7% This property presents a compelling investment opportunity with significant potential for increased income and adjusting rents to market rates.
With a projected cap rate of 6.7%, it offers attractive returns for investors seeking to capitalize on a mixed-use property in a business district.
Presented by Hans Campana at
One Stop Multiservice Inc.
Property MLS #11256630 from MyStateMLS
1/2 Bathrooms: 1
Basement Description: Basement Type: Full
Association Fee Amenities: Broadway Triangle
Calculated Total Monthly Association Fees: 0
Source Listing Status: Active
County: 36047
Availability Date: 2024-05-01
Directions: Google map
Source Property Type: Multi-Unit (2-4)
Area: Kings
Source Neighborhood: Kings
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $94620 + $7740 $102360 | $4141 |
| 2022 | $72600 + $7740 $80340 | $4018 |
| 2021 | $61020 + $7740 $68760 | $4235 |
| 2020 | $35760 + $7740 $43500 | $4019 |
| 2019 | $30060 + $7740 $37800 | $3747 |
| 2018 | $12817 + $4175 $16992 | $3554 |
| 2017 | $12360 + $4416 $16776 | $3419 |
| 2016 | $11469 + $5303 $16772 | $3352 |
| 2015 | $9820 + $6003 $15823 | $3094 |
| 2014 | $8124 + $6805 $14929 | $2860 |
| 2013 | $6420 + $7740 $14160 | $2717 |
| 2012 | $6240 + $7740 $13980 | $2545 |
| 2010 | $6272 + $7705 $13977 | $2253 |
| 2009 | $5917 + $7269 $13186 | $2125 |
| 2007 | $9232 + $3114 $12346 | $1905 |
$2499988
MyStateMLS
Listing removed 2024-07-10
$0
MyStateMLS
Relisted 2024-03-11
$2499988
MyStateMLS
Listing removed 2024-03-10
$0
MyStateMLS
Listed 2024-03-06
$2499988
MyStateMLS
Listing removed 2019-02-08
$0
Brooklyn
Listing removed 2017-08-22
$2390000
Brooklyn
Price Changed 2016-11-29
$2390000
Brooklyn
Price Changed 2016-11-09
$2100000
Brooklyn
Listed 2015-08-10
$1790000
Brooklyn
Sold 2003-03-05
$202500
Public Record
Levels or Stories: 3
Structure Type: Frame
Architectural Style: Mid-rise
Water Source: Municipal
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.