Log In/Sign Up
Your email has been sent.
128 India St 3,880 SF 100% Leased Retail Building Brooklyn, NY 11222 $5,030,211 CAD ($1,296.45 CAD/SF) 5.97% Cap Rate
Investment Highlights
- Mixed-Use Property in Prime Greenpoint
- The property offers three apartments and one commercial space
- The property is gut-renovated with stainless steel appliances
- The subject property is located in a highly desirable location between Manhattan Avenue and Franklin Street
- There is no exposure to rent stabilization laws and is a fully free market building
- The expenses are to remain under control with a protected tax class (8/30 rule) and pass-through utilities
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively retained to sell 128 India Street. The subject property is located in a highly desirable location between Manhattan Avenue and Franklin Street in Greenpoint, Brooklyn.
The property offers three apartments and one commercial space. There is no exposure to rent stabilization laws and is a fully free market building. The property is gut-renovated with stainless steel appliances. 128 India Street is built 22 ft x 30 ft, offering approximately 3,880 square feet and sits on a 25 ft x 66.75 ft lot.
The expenses are to remain under control with a protected tax class (8/30 rule) and pass-through utilities. 128 India Street has an in-place income well positioned to continue to grow.
The property is located situated off Manhattan Avenue directly adjacent to the G Train.
The property offers three apartments and one commercial space. There is no exposure to rent stabilization laws and is a fully free market building. The property is gut-renovated with stainless steel appliances. 128 India Street is built 22 ft x 30 ft, offering approximately 3,880 square feet and sits on a 25 ft x 66.75 ft lot.
The expenses are to remain under control with a protected tax class (8/30 rule) and pass-through utilities. 128 India Street has an in-place income well positioned to continue to grow.
The property is located situated off Manhattan Avenue directly adjacent to the G Train.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,880 SF
Building Class
C
Year Built/Renovated
1931/2017
Price
$5,030,211 CAD
Price Per SF
$1,296.45 CAD
Cap Rate
5.97%
NOI
$300,271 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.33
Lot Size
0.04 AC
Zoning
R7A / C2-4; Partial R6B - This is a C2-4 Zone
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Flame & Leaf
- Retailer
- -
- $69.64 CAD
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Flame & Leaf | Retailer | - | $69.64 CAD | - |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02540-0037 | Improvements Assessment | $946,726 CAD |
| Land Assessment | $124,242 CAD | Total Assessment | $1,070,969 CAD |
Property Taxes
Parcel Number
02540-0037
Land Assessment
$124,242 CAD
Improvements Assessment
$946,726 CAD
Total Assessment
$1,070,969 CAD
Contacts
-
Donal Flaherty -
Derek Bestreich -
Luke Sproviero -
Corey Haynes -
Thomas Ventura -
Sal Monteverde -
Investment Property Realty Group
1 of 28
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
128 India St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.