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Property Description

Calling All Investors, Developers, & End-Users!!! 100% Occupied 7 Unit Apartment Building In Bed-Stuy For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong R6B Zoning, 6 Parking Spaces, High 10′ Ceilings, Skylight, Separate Meters, 200 Amp Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Bed-Stuy In Between Atlantic Ave. & Myrtle Ave.!!! The Property Is Situated Minutes From The Barclays Center, Brooklyn Museum, Brooklyn Children’s Museum & Brooklyn Zoo!!! Neighbors Include UPS, The Home Depot, Dunkin’, CubeSmart Self Storage, Smoothie King, Best Buy, Walgreens, AutoZone, Liberty Tax, Planet Fitness, Blink Fitness, McDonald’s, Dollar Tree, Trader Joe’s, Duane Reade, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Unit 1L (3 Br. Apt.): $30,000 Ann. Unit 1R (3 Br. Apt.): $30,000 Ann. Been Here A Few Years So Far. Unit 2R (3 Br. Apt.): $29,400 Ann. M-M. Unit 2L (3 Br. Apt.): $27,000 Ann. M-M. Unit 3R (3 Br. Apt.): $7,632. Ann. M-M. Been Here 10+ Years So Far. Unit 3L (3 Br. Apt.): $28,800 Ann. M-M LL (Art Studio): $13,200 Ann. M-M. Been Here 5+ Years So Far. Gross Income: $166,032 Ann. Expenses: Gas : $6,000 Ann. (Heat Only) Electric: $780 Ann. Water + Sewer: $4,290 Ann. Insurance: $2,800 Ann. Super: $3,000 Ann. Maintenance & Repairs: $2,400 Ann. Taxes: $18,920.56 Ann. Total Expenses: $38,190.56 Ann. Net Operating Income (NOI): $127,841.44 Ann (6.91 Cap!!!)

Features
Appliances:
Refrigerator, Microwave, Dryer, Washer, Freezer
Electric:
Single Phase
Fireplaces Total:
0
Flooring:
Hardwood
Garage Spaces:
4
Interior Features:
Eat-in Kitchen, Walk-in Closet(s)
Parking Features:
Attached, Private, 4+ Car Attached
Sewer:
Sewer
Address Map
City:
NY
State:
NY
County:
Kings (Brooklyn)
Directions:
Throop Avenue to Madison StreetAttached please find the deal sheet for the accepted offer on 1215 Little East Neck Road-Wyandanch (Thomas to G&J Bestway Auto Repair Inc). Please let me know when the contracts are releas
Property and Construction
Architectural Style:
Colonial
Construction Materials:
Brick, Frame, Vinyl Siding
High School:
Benjamin Franklin Hs-Finance-Info
Inclusions:
Refrigerator, Microwave, Dryer, Washer, Alarm System, Solar Panels Owned, Freezer
Levels:
Two
Agent MlsId:
176463
Office MlsId:
CBE01
MiddleOrJunior School:
Collaborative Arts Middle School
New Construction:
1
Number Of Units:
7
Senior Community:
1
Stories Total:
3
Tax Annual Amount:
$18,921
Water Source:
See Remarks
Zoning:
R6B
PhotosCount:
31

Commercial Sale For Sale

440 Madison Street, New York, NY

2,600 Acre
$1,850,000
Listing ID #L3544250
Basic Details
Property Type :
Commercial Sale
Property SubType :
Mixed Use
Listing ID :
L3544250
Price :
$1,850,000
Building Area :
5,694 Sqft
Lot Area :
2,600 Acre
Year Built :
1931
Status :
Active
Status :
Active
Listing Office :
All Island Estates Realty Corp
Listing Agent :
Richard Matt Shane
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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