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$ 3,300,000
Est. payment /mo
Active
268 Bay Ridge AVE Brooklyn, NY 11220
6,362 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,362 sqft
Price per Sqft $518
MLS Listing ID 493753
Year Built 2015
Annual Tax Amount $14,623
Lot Dimensions 69 X 130
Property Sub-Type Commercial
Property Description
Investor's Delight!!! Introducing the new construction units with two commercial stores, one community facility plus ten indoor parking spots for sale as a package deal in Bay Ridge. Store #S1 which is 2970 sqft and is current leased as a Tae Kwon Do school which is paying $5,227 monthly, common charge of $959.68 and property tax $7,347.44. Store # S2 which is 2,292 sqft and is a bakery, it pays $3,500 with 3% yearly increase, common charge $751 and property tax $5,761 yearly. Store #CF which is 1200 sqft, it is renting as a storage, it pays $2,060, common charge $289 and property tax $771 yearly. Triple net leases for store # S1, S2 and #CF. The seller is collecting $3,360 from ten indoor parking spots, pays $743 yearly for common charges for ten parking spot and property insurance premium of $3,050 only. Total yearly expenses for the seller is $4,103 ONLY. The building is generating net yearly income of $164,291 which is 5% cap rate. The seller is willing to offer owner's financing with 35% and up as the down payment. Start making income as soon as you close the deal.
Location
State NY
County Kings (brooklyn)
Area Bay Ridge
Zoning C1-4
Rooms
Basement Full
Interior
Interior Features Elevator – Freight, Restrooms - Staff
Heating Gas
Flooring Ceramic
Equipment Elevator.
Heat Source Gas
Exterior
Exterior Feature Brick
Utilities Available None
Roof Type Flat
Present Use Retail,Sport & Entertainment,Other
Building
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash,Owner
Listed by Exit Realty Professionals
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