1864 Nostrand Avenue

    BROOKLYN, NY 11226
    • $5,995,000
    • STATUS: Active
    • ON SITE: 109 days
    • MLS #: 428532
    UPDATED: 85 min ago
    $5,995,000
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,540
      SQFT
    • $1,320
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1933
    Area:

    School Ratings & Info

    Description

    I'm pleased to offer this 2 unit, mixed-use building with commercial space in the Flatbush section of Brooklyn. The property is located on Nostrand Avenue between Newkirk Ave and Avenue D, a major thoroughfare in the neighborhood with high pedestrian traffic and nearby subway access. The building includes 2 residential 3 bedroom units, 3 commercial spaces, 2 Month-to-month table vendors and is approximately 4,540 SF with 60 of inline building frontage. It boasts updated electric, updated plumbing, with the apartments in move-in condition. Current leases are performing. The building is well maintained throughout. The Price will include the purchase of the business that generates $1.4M a year.The income Breakdown is as Follows:- Store 1: $10,000 Month - $120,000 Year- Store 2: $5,000 - $60,000 Year- Store 3: $5,600 - $67,200 Year- Vendor 1: $1,000 - $12,000 Year- Vendor 2: $1,000 - $12,000 Year- second floor office: $3,800 - $45,600 Year- 3rd Floor 3 Bed: $3,000 - $36,600 Year- Business Income: $120,000 - $1,440,000 YearGross Income: $1.77M?Net Income: $840k

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    © 2019 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2019-07-17T15:00:22.767.
    www.remaxedgeny.com/homes/93190641

    1864 Nostrand Avenue BROOKLYN, NY 11226

    • Price: $5,995,000
    • Status: Active
    • Updated: 85 min ago
    • MLS #: 428532
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    4,540
    SQFT
    $1,320
    $/SQFT
    1933
    Built
    Neighborhood:
    Brooklyn
    County:
    Kings (Brooklyn)
    Area:
    Ditmas Park
    Property Description
    I'm pleased to offer this 2 unit, mixed-use building with commercial space in the Flatbush section of Brooklyn. The property is located on Nostrand Avenue between Newkirk Ave and Avenue D, a major thoroughfare in the neighborhood with high pedestrian traffic and nearby subway access. The building includes 2 residential 3 bedroom units, 3 commercial spaces, 2 Month-to-month table vendors and is approximately 4,540 SF with 60 of inline building frontage. It boasts updated electric, updated plumbing, with the apartments in move-in condition. Current leases are performing. The building is well maintained throughout. The Price will include the purchase of the business that generates $1.4M a year.The income Breakdown is as Follows:- Store 1: $10,000 Month - $120,000 Year- Store 2: $5,000 - $60,000 Year- Store 3: $5,600 - $67,200 Year- Vendor 1: $1,000 - $12,000 Year- Vendor 2: $1,000 - $12,000 Year- second floor office: $3,800 - $45,600 Year- 3rd Floor 3 Bed: $3,000 - $36,600 Year- Business Income: $120,000 - $1,440,000 YearGross Income: $1.77M?Net Income: $840k
    Exterior Features

    Building Length 20.00 Building Width 100.00 Commercial Features Exterior Doors - 11-15 Ft Construction Materials BlockSteel Exterior Brick Loading Docks None Lot Size Length 20 Lot Size Width 100 Roof Flat Yard Side

    Interior Features

    Basement Amenities Full Building Footprint Sq Ft 2000 Commercial Features Interior Intercom Flooring CeramicConcrete Foundation Details Block Heat Delivery Steam/Radiator Lavatories 4+

    Property Features

    Block 5216 Commercial Condo 0 Construction Type Semi-Detached Cross Street Name Newkirk Ave Electric 110 V200 Amp220 VCircuit BreakersFuses100 Amp Financing Bank MortgageCash Fuel Expense 1200.00 Gross Income 1776000 Heating Fuel Gas Hot Water Electric Insurance Expense 1400.00 Lot Number 18 Lot Size Irregular YN 0 Number Of Families 1 Number Of Stores 4 Property Sub Type Mixed Use Property Type Mixed Use Rent Income 336000 Tax Amount 23978.20 Transaction Type Sale Utility Expense 600.00 Zoning R6

    Listing information © 2019 Brooklyn New York Multiple Listing Service, Inc.
    Listing provided courtesy of Realtynerd Bk Inc.


    © 2019 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2019-07-17T15:00:22.767.
     
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