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Property Description
Calling All Investors, Developers & End-Users!!! 100% Occupied 7 Unit Mixed-Use Corner 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, 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.
Features
- Heating System:
- Natural Gas
- Cooling System:
- Central Air
- Sewer:
- Public Sewer
- Utilities:
- Natural Gas Available
Address Map
- City:
- NY
- State:
- NY
- County:
- Kings (Brooklyn)
Property and Construction
- Development Status:
- Brick, Frame
- Agent MlsId:
- 176463
- Office MlsId:
- CBE01
- Number Of Units:
- 7
- Special Listing Conditions:
- No
- Stories Total:
- 2
- Tax Annual Amount:
- $20,243
- Water Source:
- Public
- Zoning:
- R6 C2-2
- PhotosCount:
- 11
Commercial Sale For Sale
2925 Avenue J + 2374 Nostrand Avenue, New York, NY
204,600 Acre
$3,500,000
Listing ID #918901
Basic Details
- Property Type :
- Commercial Sale
- Property SubType :
- Mixed Use
- Listing ID :
- 918901
- Price :
- $3,500,000
- Bathrooms Total :
- 0
- Building Area :
- 4,860 Sqft
- Lot Area :
- 204,600 Acre
- Year Built :
- 1930
- 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
