Calling All Investors, Developers, & End-Users!!! 8.54 Cap 3 Unit 7,250 Sqft. Free Market Mixed-Use Building In Brooklyn For Sale!!! The Property Features Excellent Signage, Great Exposure, R6B/C2-4 Zoning, High Ceilings, 2 Apartments, Finished Basement, 3 Phase Power, Low Property Taxes, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Cypress Hills Blocks From Rockaway Blvd. & Conduit Blvd.!!! The Property Is Situated Only 15 Minutes From JFK Airport!!! Neighbors Include Chase Bank, Capital One Bank, Citibank, USPS, CubeSmart Self Storage, BP Gas, Stop & Shop, AutoZone, CVS, Dunkin', Marshalls, Family Dollar, McDonald's, Wendy's, Burger King, Papa John's Pizza, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Storefront/Office (2,500 Sqft. + 2,500 Sqft. LL): $48,000 Ann. 5 Year Lease Expires 2031. Unit 2 (4 Br., 2 Bath Apt.): $49,200 Ann. 1 Year Lease Expires 2027. Unit 3 (3 Br., 2 Bath. Apt.): $48,000 Ann. (Available) Pro Forma Gross Income: $145,200 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Insurance: $6,500 Ann. Water & Sewer: $1,800 Ann. Taxes: $8,873.20 Ann. Total Expenses: $17,173.20 Ann.
| MLS # | 1043556 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 48 |
| Listing Provided By | All Island Estates Realty Corp | Richard Matt Shane |
| SQ Feet | 7,250 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 3 |
| Building(s) | 1 |
| Acreage | 0.06 |
| Cooling | Multi Units |
|---|---|
| Heating | Natural Gas |
| Construction Materials | Brick, Frame |
|---|
| Parking Features | Other |
|---|
| Utilities | Electricity Connected, Sewer Connected |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2026 |
|---|---|
| Tax Annual Amount | 8873 |
| Tax Lot | 70 |
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11208 |
| Listing VS Median (in 11208) | |
Price: $1,500,000 low | high Med: $899,000 sqft: 7,250 low | high Med: 1,554 $ / sqft: $207 low | high Med: $579 On site: 48 low | high Med: 163 | |
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11208 |
| Listing VS Median (in 11208) | |
Price: $1,500,000 low | high Med: $899,000 sqft: 7,250 low | high Med: 1,554 $ / sqft: $207 low | high Med: $579 On site: 48 low | high Med: 163 | |