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Calling All Investors, Developers & End-users!!! 7.15 Cap 100% Occupied Free Market Mixed-use Corner Building For Sale!!! Built In 2006 The Building Features Great Exposure, Excellent Signage, 6 Parking Spaces, Cac, All New Led Lighting, +++!!! Located In The Heart Of Cypress Hills Two Blocks From M-train Station!!! Neighbors Include Mcdonald's, Dunkin', Planet Fitness, Dollar Tree, Wendy's, Popeye's, Domino's, Advance Auto Parts, +++!!! 2274 Pitkin Ave. Is Located On The Corner At The Lighted Intersection Of Busy Pitkin Ave. & Schenck Ave.!!! The Property Has A Daily Traffic Count Of 14, 500+ Vehicles Per Day!!! The Property Recently Had Over $50, 000 Of Renovations Done!!! This Could Be Your Next Development Site/ Investment Property/ Home For Your Business!!! Income: 1st Floor (house Of Worship): $32, 400 Ann. Lease Exp.: 12/1/24; 3% Ann. Inc. 2nd Floor 3 Br. Apt.: $31, 200 Ann. Lease Exp.: 5/1/24; 4% Ann. Inc. 3rd Floor 3 Br. Apt.: $26, 400 Ann. M-m. Gross Income: $110, 000 Ann. Expenses: Gas: $0 Ann. Maintenance & Repairs: $250 Ann. Water: $2, 400 Ann. Insurance: $2, 500 Ann. Taxes: $8, 272 Ann. Total Expenses: $13, 422 Ann. Net Operating Income (noi): $96, 578 Ann. (7.15 Cap!!!)
Location/Town | Cypress Hills |
Area/County | Brooklyn |
Prop. Type | Commercial Sale |
Tax | $8,272.00 |
# Stories | 3 |
Year Built | 2006 |
Total Units | 3 |
Lot Size | 23x75 |
Lot SqFt | 1,725 |
Heat Source | Natural Gas |
Zoning | R7A |
Tax Lot | 111 |
Units | 3 |
Listing information courtesy of: All Island Estates Realty Corp |