926 Flatbush Avenue, New York, NY, 11226
$2,688,000
activeLot Size
2,000 sqft
Year Built
1931
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
Calling All Investors, Developers, & End-Users!!! 7.15 Cap 4 Unit 6,000 Sqft. Mixed-Use Building On Flatbush Avenue For Sale!!! The Property Features Excellent Signage, Great Exposure, C4-4A (R7A Equivalent) Zoning, High 9’ Ceilings, Low Property Taxes, 2,000 Sqft. Basement, 6 Parking Spaces, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Brooklyn 2 Blocks Kings Theatre & Minutes From Prospect Park!!! Neighbors Include Capital One Bank, Bank of America, Verizon, T-Mobile, CubeSmart Self Storage, Planet Fitness, PureGym, Crunch Fitness, Target, Shell, Dunkin’, Foot Locker, Taco Bell, McDonald’s, Wendy’s, Chipotle, Auntie Anne’s, Wingstop, Subway, Popeye’s Louisiana Kitchen, Checkers, Burger King, Five Below, IHOP, +++!!! The Property Has 21’ Of Frontage On Busy Flatbush Avenue!!! This Property Has A Daily Traffic Count Of 15,400+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!! Income: 1st Floor Store (2,000 Sqft. + 2,000 Sqft. LL): $96,000 Ann. 2nd Floor Office (2,000 Sqft.): $60,000 Ann. 3rd Floor Front Office: $31,200 Ann. 3rd Floor Rear Office: $34,800 Ann. (Available) Pro Forma Gross Income: $222,000 Ann. Expenses: Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $458 Ann. Insurance: $2,823 Ann. Taxes: $26,165.40 Ann. Total Expenses: $29,696.40 Ann Net Operating Income (NOI): $192,303.60 Ann. (7.15% Cap!!!)
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Listed by Richard Matt Shane, All Island Estates Realty Corp
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