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31284001

1288 Herkimer St, Brooklyn, NY 11233

Asset CRG Advisors, LLC
Asset CRG Advisors, LLC
Listed by Asset CRG Advisors, LLC
$1,350,000
74 days on market
Updated 25 days ago

Mixed-use Building

Details
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Convenience Store (+1)
Square Footage 3,880
Pro-Forma Cap Rate 7.90%
Pro-Forma NOI $128,376
Price per SqFt $348
Year Built 1924
Buildings 1
Stories 3
Lot Size (SqFt) 1,720
Zoning R5

Mixed Use | 3,880 SqFt

Investment highlights

  • Mixed-use building in the Ocean Hill section of Brooklyn.

  • The property has 3,880 built SF on a 1,720 SF lot and consists of 2 commercial units and 2 residential units, with the residential units having been gutted.

  • One commercial unit is occupied and can be delivered with a 5-year lease, and all other units will be delivered vacant.

  • Located near the Rockaway Ave [C] Subway Station.

  • Close to major retailers including Dollar Tree, Dunkin', & Dollar General.

Listing Contacts

Asset CRG Advisors, LLC
Asset CRG Advisors, LLC
Listed by Asset CRG Advisors, LLC

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