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2374 Nostrand Ave
Brooklyn, NY 11210
2925 Avenue J, Brooklyn, NY 11210 · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! 100% Occupied 7 Unit Corner Mixed-Use Building In Midwood For Sale!!!
- The Property Is Located In The Heart Of Midwood Just Blocks From Flatbush Avenue & Brooklyn College!!!
- The Building Has 102’ Of Frontage On Nostrand Avenue + 22’ Of Frontage On Avenue J!!!
- The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 9’ Ceilings, R6/C2-2 Zoning, 3 Apartments, 4 Stores, Basement, +++!!!
- Neighbors Include USPS, Honda, Bank Of America, Target, ShopRite, Staples, T.J. Maxx, Dunkin’, Dollar Tree, Pathmark, Aldi, +++!!!
- This Property Offers HUGE Upside Potential!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers & End-Users!!! 100% Occupied 7 Unit Corner Mixed-Use Building In Midwood For Sale!!! The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 9’ Ceilings, R6/C2-2 Zoning, 3 Apartments, 4 Stores, Basement, Signalized Intersection, All New LED Lighting, 200 Amp Power, CAC, +++!!! The Property Is Located In The Heart Of Midwood Just Blocks From Flatbush Avenue & Brooklyn College!!! Neighbors Include USPS, Honda, Bank Of America, Target, ShopRite, Staples, T.J. Maxx, Dunkin’, Dollar Tree, Pathmark, Aldi, +++!!! The Building Has 102’ Of Frontage On Nostrand Avenue + 22’ Of Frontage On Avenue J!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Chinese Restaurant (Corner Store + LL): $42,000 Ann.; M-M.
Shoe Repair Shop: $23,400 Ann.; M-M.
Coffee Shop: $24,000 Ann.; M-M.
Beauty Salon: $54,000 Ann.; M-M.
Apt 1A. (1 Br. Apt.): $23,400 Ann.; M-M.
Apt. 2A (Studio): $13,800 Ann.; M-M.
Apt. 3A (2 Br. Apt): $24,000 Ann.; M-M.
Gross Income: $204,600 Ann.
Expenses:
Gas: $6,477 Ann. (Whole Building)
Electric: $541 Ann. (Hallway & Basement Only)
Maintenance & Repairs: $3,500 Ann.
Insurance: $11,500 Ann
Water & Sewer: $5,157 Ann
Taxes: $20,243.32 Ann.
Total Expenses: $47,418.32 Ann.
Net Operating Income (NOI): $157,181.68 Ann.
Income:
Chinese Restaurant (Corner Store + LL): $42,000 Ann.; M-M.
Shoe Repair Shop: $23,400 Ann.; M-M.
Coffee Shop: $24,000 Ann.; M-M.
Beauty Salon: $54,000 Ann.; M-M.
Apt 1A. (1 Br. Apt.): $23,400 Ann.; M-M.
Apt. 2A (Studio): $13,800 Ann.; M-M.
Apt. 3A (2 Br. Apt): $24,000 Ann.; M-M.
Gross Income: $204,600 Ann.
Expenses:
Gas: $6,477 Ann. (Whole Building)
Electric: $541 Ann. (Hallway & Basement Only)
Maintenance & Repairs: $3,500 Ann.
Insurance: $11,500 Ann
Water & Sewer: $5,157 Ann
Taxes: $20,243.32 Ann.
Total Expenses: $47,418.32 Ann.
Net Operating Income (NOI): $157,181.68 Ann.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,860 SF
Building Class
C
Year Built
1930
Price
$4,814,670 CAD
Price Per SF
$990.67 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.43
Lot Size
0.05 AC
Zoning
R6/C2-2
Parking
6 Spaces (1.23 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Corner Lot
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 07593-0001 | Improvements Assessment | $229,217 CAD |
| Land Assessment | $69,845 CAD | Total Assessment | $299,061 CAD |
PROPERTY TAXES
Parcel Number
07593-0001
Land Assessment
$69,845 CAD
Improvements Assessment
$229,217 CAD
Total Assessment
$299,061 CAD
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