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1742 Flatbush Avenue Brooklyn, NY 11210
$930,000
  • Commercial
  • 1980 SqFt
  • Year Built 1920
  • Mixed Use
  • ML# 3557111

Property Details

Overview

Calling All Investors, Developers, & End-Users!!! Free Market Mixed-Use Building On Flatbush Ave. For Sale!!! The Property Features Excellent Signage, Great Exposure, Free Market 2Br. Apt., Strong R5/C2-2 Zoning, High 9’ Ceilings, Low Property Taxes, Separate Meters, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Brooklyn Only A Few Blocks From Kings Highway!!! Neighbors Include Starbucks, Toyota, Acura, Honda, USPS, UPS, Chase Bank, T-Mobile, Target, ShopRite, Optimum, Staples, LIfe Storage, Dunkin’, AutoZone, Dollar Tree, Key Food, YMCA, CityMD, Aldi, +++!!! The Entire Building Can Be Delivered Vacant If Need Be! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!! Income: Grocery Store (990 Sqft. + 990 Sqft. LL): $36, 000 Ann.; M-M. 2nd Floor Apt. (2 Br., 1 Bath, W/D): $30, 000 Ann. Gut Renovated in 2012. (Available) Pro Forma Gross Income: $66, 000 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $2, 800 Ann. Taxes: $2, 826.96 Ann. Trash: $0 Water & Sewer: $500 Ann. Total Expenses: $6, 376.96 Ann. Net Operating Income (NOI): $59, 623.04 Ann.

Key Facts

  • SqFt: 1980.00
  • Lot Sq Ft: 1295
  • Taxes: $2,827
  • Sale or Rent: Sale
  • Zoning: R5/C2-2
  • Block: 7598
  • Lot: 37

Additional Features

  • Stories: 2

Interior & Utilities

  • Heat: Natural Gas, Hot Water

Financial

  • Taxes: $2,827
Listing Information provided courtesy of All Island Estates Realty Corp  516-783-5600
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