JUST SOLD!

424 7th AVENUE,  BROOKLYN NY 11215

PRIME CORNER INVESTMENT PROPERTY- 7th Avenue and 14th Street – PARK SLOPE SOUTH

4 STORY MIXED USED WITH GROUND FLOOR COMMERCIAL SPACE
3 RESIDENTIAL UNITS – EACH 3 BEDROOMS, 1 BATH
2 CAR GARAGE
PROPERTY DELIVERED VACANT
WELL MAINTAINED WITH ORIGINAL DETAILS
OWNER OCCUPANCY POTENTIAL OR COLLECT MAXIMUM INCOME

APPROX. GROSS BUILDING SF: 5400

LOT SIZE: 20’ X 80’

BUILDING DIMENSIONS: 20’ X 60’ plus garage

INCOME & EXPENSES:

ESTIMATED MONTHLY RENTS:

Ground Floor Commercial Space – $8,000.

Unit 1 – (2^nd Floor) – 3 Bedrooms, 1 Bath – $3,900.

Unit 2 – (3^rd Floor) – 3 Bedrooms, 1 Bath – $3,900.

Unit 3 – (4^th Floor) – 3 Bedrooms, 1 Bath – $3,900.

2 Car Garage – each space @$450. = $900.

TOTAL: $20,600

ESTIMATED GROSS ANNUAL INCOME: $247,200.

ESTIMATED ANNUAL EXPENSES:

Heat: $3,000

Taxes: $11,043

Water/Sewer: $1,500.

Insurance: $5,000.

Electricity: $750.

TOTAL: $21,293.

                                        ESTIMATED GROSS ANNUAL INCOME: $247,200.

                            LESS  ESTIMATED ANNUAL EXPENSES: $21,293.

                                         ESTIMATED NET ANNUAL INCOME: $225,907.

Please Contact: Michael Sabin, Associate Broker

email: msabin612@gmail.com

Cell: 917 975-7491

Please Note: Your rents may vary from the estimated rents provided herein due to unpredictable changes in market conditions, marketing procedures and other factors including but not limited to, renovations performed, type of commercial tenancy, management etc.  Your actual expenses may also vary due to factors including, but not limited to market conditions, use patterns, cost increases etc.   Building dimensions and square ftg. are as per public record and subject to buyer verification.