Mixed Use - Brighton beach avenue brooklyn mixed use property

Published on September 21, 2022
Modified on September 21, 2022
Published by jazz
Viewed by 1 people
#1165
2450000.00 $US

Description of item

PRIME RETAIL LOCATION TWO (2) BLOCKS TO & BRIGHTON BEACH TRAIN STOPS HIGH VEHICULAR & PEDESTRIAN TRAFFIC LOW EXPENSES IMMEDIATE UPSIDE POTENTIAL THROUGH INCREASING RESIDENTIAL RENT STRONG FUNDAMENTALS FOR A LONG TERM INVESTMENT



PROPERTY INFORMATION Location:Lot Dimensions: (approx.)18.25' X 66.42'Lot SF: (approx.)1,200 BUILDING INFORMATION Existing Building Size: (approx.)18.00' X 61.00'Existing Gross SF: (approx.)3,294 Existing Stories:3 Zoning:R6, C1-3 Opportunity Zone Eligible: Ye s Billable Assessed Value (22/23):$29,016 tax class 1 Annual Property Tax (22/23):$6,140 The subject property is located on the north side of Brighton Beach Avenue between Brighton 12th and Brighton 13th Streets.BQ ASKING PRICE:$2,450,000


REVENUE UNIT LEASE EXPIR.SQ. FT.P.P.S.F MONTHLY RENT ANNUAL RENT Ground Floor Retail Jul-24 1,087 $88$8,500 $102,000 Second Floor - 3BR Apartment M-M 1,100 $23$2,100 $25,200 Third Floor - 3BR Apartment M-M 1,100 $23$2,100 $25,200 TOTAL :3,287$12,700 $152,400 EXPENSES Real Estate Taxes (22/23)Per NYC Dept. of Finance $6,140 Insurance Per Owner $3,200 Water/Sewer Residential Portion $3,500 Heating & Cooling Pass Through - Electric (Common Areas)Per Owner $350 Total Expenses: $13,190 Gross Annual Income: $152,400


Less Expenses: $13,190)Net Operating Income: $139,210



Location

Country
United States
Region
New York
City
New York City
Address
Brighton Beach Avenue