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17356465
17356461

2008 Ocean Avenue, Brooklyn, NY 11230

$1,030,000
782 days on market
Updated 478 days ago

2008 Ocean Avenue

Details
Property Type Special Purpose
Sub Type Other
Square Footage 3,502
Units 1
Cap Rate 0.07%
NOI $68,000
Lot Size (SqFt) 5,000
Ceiling Height 11-15 Foot,8-10 Foot

Special Purpose | 0.07% CAP | 3,502 SF

Marketing description

3502 Square Foot First and Lower Level Community Facility, (Built 2014) • 1 deeded parking spot included in the price, • The Lease is $6000 per month guaranteed by the well established medical center ( Medwell Women's Medical Services ) • Lease is 5 years plus 5 years option to renew with 3% increase every year. • Maintenance paid by the tenant and there is still tax abatement in effect. • State-Of-The-Art Medical Facility with 12 exam rooms and 5 bathrooms. • Elevator. • Central AC and Central Heat, • Located at the Base of the Mixed Residential and Commercial Building Condo with 17 residential apartments. • Bus Stop Within Feet of the Subject Property • An Entrance to the B & Q Subway Lines on Kings Hwy is Within 3 blocks of the Subject Property • Chase, Starbucks, Walgreens, Bank of America, CVS, Dunkin' and Other National Tenants are in the Immediate Vicinity
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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$68,000.00
$5,666.67/mo

Valuation Metrics

0
DSCR
6.6%
Cap Rate
6.6%
ROI

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