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19101326
19101325

8627 5th Ave, Brooklyn, NY 11209

VB
New York
$1,998,000
695 days on market
Updated 145 days ago

Bay Ridge Prime

Details
Property Type Retail, Mixed Use
Sub Type Storefront
Square Footage 4,800
Units 6
Cap Rate 5.00%
NOI $105,000
Occupancy 50%
Lot Size (SqFt) 2,300
Zoning R6 B

Retail | 5.00% CAP | 4,800 SqFt

Marketing description

Prime investment -

Just 200 Ft Off of 86th Street and 5th Avenue! Store is leased for the next 6 years. Pays 25 % of the RE Tax and part of the Water Bill. This is an investment opportunity to own "Bay Ridge Prime". Delivered as 3 vacant apartments.

Currently 2 occupied apartments have no lease and may want to speak about future tenancy and rents.

The apartments are dated but after some work - Its in a High rental area. The area will be occupied with more retail anchor tenants soon. Buy for the Future!

Income and expenses to be provided upon request .

Investment highlights

Prime investment -

Just 200 Ft Off of 86th Street and 5th Avenue! Store is leased for the next 6 years. Pays 25 % of the RE Tax and part of the Water Bill. This is an investment opportunity to own "Bay Ridge Prime". Delivered as 3 vacant apartments.

Currently 2 occupied apartments have no lease and may want to speak about future tenancy and rents.

The apartments are dated but after some work - Its in a High rental area. The area will be occupied with more retail anchor tenants soon. Buy for the Future!

Income and expenses to be provided upon request .

Listing Contacts

VB
New York

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$105,000.00
$8,750.00/mo

Valuation Metrics

0
DSCR
5.26%
Cap Rate
5.26%
ROI

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