Brooklyn Office for Sale - North Brooklyn
Calling All Investors, Developers, & End-Users!!! 3 Unit 4,780 Sqft. Mixed-Use Building On Liberty Avenue In Brooklyn For Sale!!! The Property Features Excellent Signage, Great Exposure,, Strong R5/C1-2 Zoning, High 11’ Ceilings, Security System,, Low Property Taxes, 6 Parking Spaces, Separate Meters, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Cypress Hills 2 Blocks From N Conduit Ave. & Minutes From Forest Park Golf Course!!! Neighbors Include Stop & Shop, Key Food, Dunkin’, LA Fitness, Mobil, Wendy’s, Subway, Checker’s, Burger King, Dollar Tree, White Castle, IHOP, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!!
Income:
3rd Floor (Computer/Shipping Company): $36,000 Ann.; Lease Exp.: 2028.
2nd Floor (Hair Salon): $36,000 Ann.; Lease Exp.: 2029.
1st Floor (Clothing Store): $72,000 Ann. Will Be Delivered Vacant.
1st Floor (Jewelry Store 600 Sqft.): $33,000 Ann.
Pro Forma Gross Income: $177,000 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $420 Ann.
Insurance: $1,823 Ann.
Taxes: $22,626 Ann.
Total Expenses: $25,119 Ann
Net Operating Income (NOI): $151,881 Ann.(8.44% Cap)!!!
