5125 6th Avenue, New York, NY, 11220
$2,700,000
activeLot Size
1,600 sqft
Year Built
1908
Stories
3
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
Calling All Investors, Developers, & End-Users!!! 100% Occupied 6 Unit Free Market Corner Building In Sunset Park For Sale!!! The Property Features Excellent Signage, Great Exposure, R6A Zoning, High 12’ Ceilings, (5) 2 Br. Apartments, Skylight, Basement, Rear Yard, 200 Amp Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Brooklyn Just Blocks I-278 (Belt Pkwy.) & Only Minutes From The Verrazzano Bridge!!! The Property Has 22’ Of Frontage On 6th Ave. + 82’ On 52nd St.!!! Neighbors Include Starbucks, Toyota, Costco, NYU Langone, USPS, Wyndham Hotels, Sephora, Planet Fitness, Petco, CVS, Dunkin’, McDonald’s, MicroCenter, Popeye’s Louisiana Kitchen, Pollo Campero, Subway, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Accountant: $36,600 Ann.; 2% Ann. Inc.; Lease Exp.: 12/1/28. Apt. 1R (2 Br.): $19,200 Ann.; Lease Exp.: 8/1/26. Apt. 2R (2 Br.): $20,400 Ann.; Lease Exp.: 8/1/26. Apt. 2L (2 Br.): $25,200 Ann.; Lease Exp.: 12/1/26. Apt. 3R (2 Br.): $20,640 Ann.; Lease Exp.: 9/1/26. Apt. 3L (2 Br.): 21,300 Ann.; Lease Exp.: 9/1/26. Gross Income: $143,340 Ann. Expenses: Oil: $7,000 Ann. Electric: $720 Ann. Water & Sewer: $4,203 Ann Insurance: $3,826 Ann. Snow & Landscape: $0 Ann. Trash: $0 Ann. Taxes: $27,970 Ann. Total Expenses: $43,719 Ann. Net Operating Income (NOI): $99,621 Ann.
Listed by Richard Matt Shane, All Island Estates Realty Corp
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