Tarik Adiguzelli - Commercial Real Estate Showcase

Tarik Adiguzelli Property Listings
Tarik Adiguzelli
82 Church Ave
Brooklyn, NY 11218-2208
(973) 579-6343

82 Church Avenue

Brooklyn, NY 11218-2208 - South Brooklyn Submarket

Property Type:Retail Sub Type:Storefront Retail/Residential Status:Existing Year Built:1930
Building Size:2,700 SF Land Area:.04 AC (1,538 SF)
For Sale Price:$3,200,000 Price/SF:$1,185.19
Cap Rate:3.91 %

Sale Notes:
Low maintenance investment opportunity. Newly renovated mixed use building with National Commercial Tenant and two state of the art residential units. Three story 21' X 75' lot with new beams, plumbing, electrical, & roof.

First Floor Commercial Tenant - Quest Diagnostics $6,200 per month w/ 3% increase.

Second & Third Floor Residential - 2 Bedroom, 2 Bath unit. Custom apartment with hardwood floors, 9ft ceiling, solid 8ft wood doors, granite countertops with all stainless appliances. Custom Marble bathrooms with all Grohe plumbing. 2nd Currently rented below market value at $2,400 a month with one year remaining on lease. (True market value $3K-$3,200) 3rd floor 10ft ceiling & skylights. currently rented below market value at $2,900 w/ no lease. (True market value $3,300-$3,500)

All tenants pay own utilities; how water & electricity. Building has low taxes of only $7K. Water & Sewer less then $1K a year. Insurance only $5K a year. Total expenses is under $13K a year
Potentially rentable basement w/ 7ft ceiling. Very clean and vacant basement with 2 half baths and office.

Located between Park Slope and Ditmas, Kensington is a highly sought after neighborhood. With the F & G train only a half block from the building with quick and express trains to downtown Brooklyn and Manhattan. With a bustling food and shopping scene, Kensington is desirable location for both business and living.

Tarik Adiguzelli
Tarik Adiguzelli
(973) 579-6343

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