$2,200,000
1908 Coney Island Avenue
Details
Property Type Retail
Square Footage 4,500
Units 3
Cap Rate 0.02%
NOI $37,539
Stories 3
Lot Size (SqFt) 2,000
Ceiling Height 8-10 Foot
Retail | 0.02% CAP | 4,500 SF
Marketing description
This is probably one of the best modern beautiful properties in the entire tri-state. The first floor is approximately 1600 sq. ft. with a reverse duplex & gorgeous finished 1000 sq. ft. basement. The second floor is approximately 1200 sq. ft. used as an office space with a gorgeous bathroom. The rent is $4500 a month including electric. The third floor is approximately 1000 sq. ft. which pays $3500 a month including electric & a gorgeous bathroom.It's highest and best use would be as an owner/user for a showroom/ restaurant etc.Call Haskell Shabi @ 9177763959. Please let your clients know that upon a sale, seller might need between 6-9 months to vacate and is willing to pay market rent. Seller wants me to bring every serious offer and I will present it.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$37,539.00
$3,128.25/mo
Valuation Metrics
0
DSCR
1.71%
Cap Rate
1.71%
ROI
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