1742 Flatbush AVE Active Save Request In-Person Tour Request Virtual Tour
Midwood,NY 11210
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3557111
Year Built 1920
Annual Tax Amount $2,827
Lot Size 1,306 Sqft
Property Description
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.
Location
State NY
County Brooklyn
Zoning R5/C2-2
Interior
Heating Natural Gas,Hot Water
Building
Story 2
Others
Special Listing Condition None