Calling All Investors, Developers & End-Users!!! 100% Occupied 8,400 Sqft. Mixed Use Building For Sale!!! The Property Features Great Exposure, Excellent Signage, 6 Parking Spaces, Strong C4-3 Zoning, High 10’ Ceilings, 6 Apartments, Basement, All New LED Lighting, +++!!! The Property Is Located In The Heart Of Bushwick 2 Blocks From The Gates Ave. M Train Station!!! Neighbors Include The Home Depot, Stop & Shop, Dunkin’, Peter Luger Steak House, Walgreens, AutoZone, Pep Boys, Blink Fitness, L.A. Fitness, McDonald’s, Trader Joe’s, Wendy’s, White Castle, Little Caesar’s, Dollar Tree, Family Dollar, +++!!! The Store Can Be Delivered Vacant If Need Be. This Property Has HUGE Upside Potential!!! This Could Be Your Next Investment Property, Development Site Or Home For Your Business!!!
Income:
Store (2,500 Sqft. + Full Basement): $100,000 Ann. (Available)
Apt. 2R (2 Br. 1 Bath): $6,324 Ann.; M-M; 2% Ann. Inc.; Been Here 25+ Years; Renovated In 2014.
Apt. 2L (2 Br. 1 Bath): $8,280 Ann.; M-M; 2% Ann. Inc.; Been Here 10+ Years; Renovated In 2016.
Apt. 3L (2 Br. 1 Bath): $7,044 Ann.; M-M; 2% Ann. Inc.; Been Here 35+ Years
Apt. 3R (2 Br. 1 Bath): $7,284 Ann.; M-M; 2% Ann. Inc.; Been Here 35+ Years
Apt. 4L (2 Br. 1 Bath): $5,208 Ann.; M-M; Rent Freeze; Been Here 50+ Years
Apt. 4R (2 Br. 1 Bath): $7,200 Ann.; M-M; 2% Ann. Inc.; Been Here 15+ Years
Gross Income: $141,340 Ann.
Expenses:
Gas: $7,504 Ann.
Electric (Hallway Only): $980 Ann.
Maintenance & Repairs: $250 Ann.
Water: $6,300 Ann.
Insurance: $3,838 Ann.
Taxes: $15,317 Ann.
Total Expenses: $34,189 Ann.
Net Operating Income (NOI): $107,151 Ann.