1259 Broadway Brooklyn, NY 11221

Listing Write Up for 1259 Broadway + 12 Goodwin Pl: Calling All Investors, Developers & End-Users!!! 100% Occupied 8,400 Sqft. Mixed Use Building With 2,199 Sqft. Development Site In Bushwick For Sale!!! The Property Features Great Exposure, Excellent Signage, 6 Parking Spaces, Strong C4-3 Zoning..., High 10' Ceilings, 6 Apartments, Basement, All New LED Lighting, +++!!! The Property Is Located In The Heart Of Bushwick 2 Blocks From The Gates Ave. M Train Station!!! Neighbors Include The Home Depot, Stop & Shop, Dunkin', Peter Luger Steak House, Walgreens, AutoZone, Pep Boys, Blink Fitness, L.A. Fitness, McDonald's, Trader Joe's, Wendy's, White Castle, Little Caesar's, Dollar Tree, Family Dollar, +++!!! The Store Can Be Delivered Vacant If Need Be. This Property Has HUGE Upside Potential!!! This Could Be Your Next Investment Property, Development Site Or Home For Your Business!!! Income: Store (2,500 Sqft. + Full Basement): $100,000 Ann. (Available) Apt. 2R (2 Br. 1 Bath): $6,324 Ann.; M-M; 2% Ann. Inc.; Been Here 25+ Years; Renovated In 2014. Apt. 2L (2 Br. 1 Bath): $8,280 Ann.; M-M; 2% Ann. Inc.; Been Here 10+ Years; Renovated In 2016. Apt. 3L (2 Br. 1 Bath): $7,044 Ann.; M-M; 2% Ann. Inc.; Been Here 35+ Years Apt. 3R (2 Br. 1 Bath): $7,284 Ann.; M-M; 2% Ann. Inc.; Been Here 35+ Years Apt. 4L (2 Br. 1 Bath): $5,208 Ann.; M-M; Rent Freeze; Been Here 50+ Years Apt. 4R (2 Br. 1 Bath): $7,200 Ann.; M-M; 2% Ann. Inc.; Been Here 15+ Years Lot: $384,825 Ann. (Available) Gross Income: $526,165 Ann. Expenses: Gas: $7,504 Ann. Electric (Hallway Only): $980 Ann. Maintenance & Repairs: $250 Ann. Water: $6,300 Ann. Insurance: $3,838 Ann. Taxes: $23,085 Ann. Total Expenses: $41,957 Ann. Net Operating Income (NOI): $419,014 Ann. (Pro Forma 11.72 Cap!!!) Continue reading