$ 2,099,000
2728 Church AVE #10 Flatbush, NY 11226
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,099,000
Est. payment /mo
Active
2728 Church AVE #10 Flatbush, NY 11226
2,613 Sqft Lot
UPDATED:
08/05/2024 08:10 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3565150
Originating Board onekey
Rental Info No
Year Built 1931
Annual Tax Amount $42,340
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 25x103.75
Property Description
Calling All Investors, Developers & End-Users!!! 100% Occupied 13 Unit Mixed-Use Building In Flatbush For Sale!!! The Building Features Excellent Signage, Great Exposure, 3 Stores, 6 Parking Spaces, High 9' Ceilings, Strong R6/C1-3 Zoning, Signalized Intersection, (10) 1 Br. Apts., Basement, LED Lighting, 200 Amp, Power, A/C, +++!!! The Property Is Located In The Heart Of Flatbush 2 Blocks Off Linden Blvd. & Only Minutes From Prospect Park, The Brooklyn Museum & Brooklyn Botanic Garden!!! Neighbors Include USPS, Target, T-Mobile, Walgreens, CubeSmart Self Storage, Dunkin', Taco Bell, Subway, Duane Reade,Five Below, IHOP, +++!!! The Building Has 27+ Feet Of Frontage On Busy Church Ave.!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Be The Next Home For Your Business!!! Income: Biali (Restaurant; 800 Sqft. + 800 Sqft. LL): $33,600 Ann.; Lease Exp.: 8/1/28; 3% Ann. Inc.; Been Here 10+ Years. Royal Cloudz Convenience: (600 Sqft.; No LL): $36,000 Ann.; Lease Exp.: 12/1/29; 5%Ann. Inc. Coco Glam Studio (Salon; 500 Sqft.; No LL): $21,168 Ann.; Lease Exp.: 7/1/25; Additional 5 Year Option ; 3% Ann. Inc. Unit 1A (1 Br., 1 Bath): $9,620.52 Ann. Unit 2A (1 Br., 1 Bath): $14,319.60 Ann. Unit 3A (1 Br., 1 Bath): $13,500.72 Ann. Unit 4A (1 Br., 1 Bath): $24,000 Ann. Unit 2B (1 Br., 1 Bath): $12,435.60 Ann. Unit 3B (1 Br., 1 Bath): $17,191.20 Ann. Unit 4B (1 Br., 1 Bath): $16,219.32 Ann. Unit 2C (1 Br., 1 Bath): $8,528.40 Ann. Unit 3C (1 Br., 1 Bath): $16,077.60 Ann. Unit 4C (1 Br., 1 Bath): $15,044.76 Ann. Carport: $6,000 Ann. (Available) 3 Stores Gross Rent: $90,768 Ann. 10 Apartments Gross Rent: $146,937.72 Ann. Total Gross Rent: $243,705.72 Ann. Expenses: Gas: $9,000 Ann. Electric: $4,000 Ann. (Common Area Only) Maintenance & Repairs: $250 Ann. Insurance: $10,000 Ann. Water & Sewer: $9,000 Ann. Trash: $0 Ann. Snow & Landscape: $0 Ann. Taxes: $42,340 Ann. Total Expenses: $75,590 Ann. Gross Income: $243,705.72 Ann. Net Operating Income (NOI): $168,115.72 Ann. (7.82 Cap!!!) , or
Location
State NY
County Brooklyn
Zoning Apartment
Interior
Fireplace No
Building
Story 4
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • 516-783-5600