2925 Avenue J + 2374 Nostrand Avenue, New York, NY, 11210
$3,500,000
activeLot Size
204,600 sqft
Year Built
1930
Stories
2
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
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.
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Listed by Richard Matt Shane, All Island Estates Realty Corp
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