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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 in Bay Ridge. Store #S1 which is 2970 sqft and is current leased as a a Tae Kwon Do school which is paying $ 5,227 monthly, common charge $959.68, property tax $7,347.44. Store # S2 which is 2292 sqft and is a bakery, it pays $3,500 with 3%yearly increase, common charge $751, property tax $5,761 yearly. Store #CF which is 1200 sqft, it is leased as a storage, it pays $2,060, common charge $289 and property tax $771 yaerly. Triple net leases for store # S1, S2 and #CF. The seller is paying common charge for ten parking spot for $3,360, $743 and property to insurance premium of $3,050 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% down payment. You would 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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