MIXED-USE BUILDING EAST WILLIAMSBURG BK- BROADWAY TRIANGLE
MIX-USE BUILDING FOR SALE IN PRIME LOCATION - E. WILLIAMSBURG, BK. 2 APTS + 1 RESTAURANT
Marketing description
MIXED-USE BUILDING FOR SALE IN EAST WILLIAMSBURG BROOKLYN - BROADWAY TRIANGLE
PROPERTY OVERVIEW:
Mixed-Use Building with 1 store and 2 apartments on second and third floors.
Lot Size: 21.33 x 83.25
Building: 21.33 x 60
BUILDING: 3,843 Sq. Ft. with an allowance to build an additional 1,838 Sq. Ft.
Basement includes storage space, and a boiler room with separate access.
All tenants responsible for their own utilities.
Separate electric meters and two separate boilers for residential tenants.
Favorable low taxes $4,318
Conveniently situated across the street from Woodhull Hospital.
Half a block from the J & M trains - Flushing Avenue Station. B43 & B57 Buses.
Annual Expense:
Taxes $4,318
Water $2,000
Electric $3,600
Insurance $5,000
Total $14,918
PROJECTED MARKET RENTS with NEW LEASES:
3-bedroom apartment: $5,100
3-bedroom apartment: $5,100
Commercial/Restaurant: $5,150 current rent 3 year lease w/ option to renew. 3% annual increase.
Projected Total Income: $15,350
Annual Income: $184,200
Less Expenses: 14,918
Projected NOI: $169,282
Projected Cap Rate: 6.7%
HPD APPROVED A MASS DELEVOPMENT PROJECT IN BROADWAY TRIANGLE OF NEARLY 400 APARTMENTS. GREAT OPPORTUNITY AWAITS IN THIS SECTOR OF BROOKLYN.
Investment highlights
ADDITIONAL HIGHLIGHTS:
- Mixed-Use Building on Flushing Avenue in Broadway Triangle; E Williamsburg, Brooklyn
- Half a block from J & M trains - Flushing Ave station. Across the street from Woodhull Hospital
- Projected Cap Rate is over 6.7%
- HPD Approved a Mega Residential, Commercial Development Projects in Broadway Triangle
- Great Investment Opportunity
This mixed-use building offers the perfect balance of residential comfort and commercial stability, coupled with exceptional potential for growth and expansion. With its strategic location and promising features, it represents a valuable asset in the vibrant landscape of Broadway Triangle, E. Williamsburg.
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