RealtyDepotNY
Cell: 347-219-2037
Fax: 718-896-7020
Listing Write Up For 1259 Broadway + 12 Goodwin Pl: Calling All Investors, Developers & End-users!!! 100% Occupied 8, 400 Sqft. Mixed Use Building With 2, 199 Sqft. Development Site In Bushwick For Sale!!! The Property Features Great Exposure, Excellent Signage, 6 Parking Spaces, Strong C4-3 Zoning, High 10' Ceilings, 6 Apartments, Basement, All New Led Lighting, +++!!! The Property Is Located In The Heart Of Bushwick 2 Blocks From The Gates Ave. M Train Station!!! Neighbors Include The Home Depot, Stop & Shop, Dunkin', Peter Luger Steak House, Walgreens, Autozone, Pep Boys, Blink Fitness, L.a. Fitness, Mcdonald's, Trader Joe's, Wendy's, White Castle, Little Caesar's, Dollar Tree, Family Dollar, +++!!! The Store Can Be Delivered Vacant If Need Be. This Property Has Huge Upside Potential!!! This Could Be Your Next Investment Property, Development Site Or Home For Your Business!!! Income: Store (2, 500 Sqft. + Full Basement): $100, 000 Ann. (available) Apt. 2r (2 Br. 1 Bath): $6, 324 Ann.; M-m; 2% Ann. Inc.; Been Here 25+ Years; Renovated In 2014. Apt. 2l (2 Br. 1 Bath): $8, 280 Ann.; M-m; 2% Ann. Inc.; Been Here 10+ Years; Renovated In 2016. Apt. 3l (2 Br. 1 Bath): $7, 044 Ann.; M-m; 2% Ann. Inc.; Been Here 35+ Years Apt. 3r (2 Br. 1 Bath): $7, 284 Ann.; M-m; 2% Ann. Inc.; Been Here 35+ Years Apt. 4l (2 Br. 1 Bath): $5, 208 Ann.; M-m; Rent Freeze; Been Here 50+ Years Apt. 4r (2 Br. 1 Bath): $7, 200 Ann.; M-m; 2% Ann. Inc.; Been Here 15+ Years Lot: $384, 825 Ann. (available) Gross Income: $526, 165 Ann. Expenses: Gas: $7, 504 Ann. Electric (hallway Only): $980 Ann. Maintenance & Repairs: $250 Ann. Water: $6, 300 Ann. Insurance: $3, 838 Ann. Taxes: $23, 085 Ann. Total Expenses: $41, 957 Ann. Net Operating Income (noi): $419, 014 Ann. (pro Forma 11.72 Cap!!!)
Location/Town | Bushwick |
Area/County | Brooklyn |
Prop. Type | Commercial Sale |
Tax | $23,086.00 |
# Stories | 4 |
Year Built | 1931 |
Lot SqFt | 5,699 |
Zoning | C4-3 |
Tax Lot | 68-15 |
Listing information courtesy of: All Island Estates Realty Corp |