3554-3566 Nostrand Ave, Brooklyn, NY 11229

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$3,500,000 List Price
Off Market
 
Listing ID 10535933
Property Type Commercial Building
County Kings
Township Kings
Neighborhood Sheepshead Bay
School UNKNOWN
FEMA Flood Map fema.gov/portal
Year Built 1961
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THIS IS A GREAT OPPORTUNITY TO OWN THIS 7 UNITS RETAIL PROPERTY!

CALLING ALL INVESTORS!!! THIS IS A GREAT OPPORTUNITY TO OWN THIS 7 UNITS RETAIL PROPERTY LOCATE ON A VERY BUSY STREET. 96X61 ON A 100X105 LOT. PRIMARY ZONING R4, COMMERCIAL OVERLAY C1-2. GROSS INCOME: $195,732/YEAR, TOTAL EXPENSE APPROXIMATE $30,095/YEAR, NOI: $165,637/YEAR. CAP RATE 4.7% . HIGHLY COOPERATIVE LISTING AGENTS AND MOTIVATED SELLER. DONT'S MISS THIS ASTOUNDING CHANCE!
Property Details
  • 5764 SF
  • 10500 SF Lot
  • Built in 1961
  • 7 Stories
  • Available 9/19/2018
Unit Information
Unit #1 – Rent Price: 2525, Occupied
Unit #2 – Rent Price: 2415, Occupied
Unit #3 – Rent Price: 2030, Occupied
Unit #4 – Rent Price: 2360, Occupied
Unit #5 – Rent Price: 2200, Occupied
Unit #6 – Rent Price: 2681, Occupied
Interior Features
  • Ceramic Tile Flooring
Exterior Features
  • Masonry - Brick Construction
  • Flat Roof
  • Near Bus
  • Near Train
Commercial Info
  • 5% Cap. Rate
Income/Expenses
  • Gross Income $195,732
  • Insurance Exp $5,000
Previously Listed By
Leo Lee
MOMENTUM REAL ESTATE LLC
Office: 718-382-0005
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