Chris Otero - Commercial Real Estate Showcase

Chris Otero Property Listings
Real Estate Agent
Northside Realtor INC
147 N 6th St
Brooklyn, NY 11211

742 Driggs Avenue

Brooklyn, NY 11211 - North Brooklyn Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:-
Building Size:4,489 SF Land Area:.03 AC (1,512 SF)
For Sale Price:$3,250,000 Price/SF:$723.99
Cap Rate:3.92 %
Features:Bus Line

Sale Notes:
2 Family + Store

Excellent Opportunity for Investor on End User/Restaurateur. New, Fully installed Kitchen on the ground floor allows for market retail Rent, ideal for Café, Restaurant, Lounge, or any permitted use. Previous tenant had a full liquor license. With existing residents and new residents coming to luxury condos nearby, any retailer to open up shop is bound to be a home run! Apartments are renovated a ready to go. No leases. Free market. Available FAR allows for approximately 1195 Square Feet to be added to the building.

" 19.75 x 78.5 Lot 19.75 x 35 Building Size S2 Building Class R6 Zoning / FAR 2.43
" 2021 Existing SF 1650 Available SF 3671 Max. SF School District 14
" Taxes: $3,822- Gas/Heat: $3,500- Water/Sewer: $1,200- Electricity: $200- Insurance: $1,923.26

Rent Roll: $138,000-projected annually
" Store: $6,500-projected monthly/$78,000-projected annually
" 2nd Floor: $2,500-monthly/$30,000-annually
" 3rd Floor: $2,500-monthly/$30,000-annually

Northside Realtor INC
Chris Otero
(718) 302-2224

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