Listing Courtesy of: Richard Matt Shane - All Island Estates Realty Corp 516-783-5600
$2,099,000 affordable loan icon Calculate Payment

2728 Church Ave Unit 10 Brooklyn, NY 11226

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Mixed Use Residence
Beds
Baths
Sq. Ft.
0.06 Acre Lot

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Last updated on 11/25/2024 6:52 AM
Calling All Investors, Developers & End-Users!!! 100% Occupied 13 Unit Mixed-Use Building In Flatbush For Sale!!! The Building Features Excellent Signage, Great Exposure, 3 Stores, 6 Parking Spaces, High 9' Ceilings, Strong R6/C1-3 Zoning, Signalized Intersection, (10) 1 Br. Apts., Basement, LED Li...ghting, 200 Amp, Power, A/C, +++!!! The Property Is Located In The Heart Of Flatbush 2 Blocks Off Linden Blvd. & Only Minutes From Prospect Park, The Brooklyn Museum & Brooklyn Botanic Garden!!! Neighbors Include USPS, Target, T-Mobile, Walgreens, CubeSmart Self Storage, Dunkin', Taco Bell, Subway, Duane Reade,Five Below, IHOP, +++!!! The Building Has 27+ Feet Of Frontage On Busy Church Ave.!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Be The Next Home For Your Business!!! Income: Biali (Restaurant; 800 Sqft. + 800 Sqft. LL): $33,600 Ann.; Lease Exp.: 8/1/28; 3% Ann. Inc.; Been Here 10+ Years. Royal Cloudz Convenience: (600 Sqft.; No LL): $36,000 Ann.; Lease Exp.: 12/1/29; 5%Ann. Inc. Coco Glam Studio (Salon; 500 Sqft.; No LL): $21,168 Ann.; Lease Exp.: 7/1/25; Additional 5 Year Option ; 3% Ann. Inc. Unit 1A (1 Br., 1 Bath): $9,620.52 Ann. Unit 2A (1 Br., 1 Bath): $14,319.60 Ann. Unit 3A (1 Br., 1 Bath): $13,500.72 Ann. Unit 4A (1 Br., 1 Bath): $24,000 Ann. Unit 2B (1 Br., 1 Bath): $12,435.60 Ann. Unit 3B (1 Br., 1 Bath): $17,191.20 Ann. Unit 4B (1 Br., 1 Bath): $16,219.32 Ann. Unit 2C (1 Br., 1 Bath): $8,528.40 Ann. Unit 3C (1 Br., 1 Bath): $16,077.60 Ann. Unit 4C (1 Br., 1 Bath): $15,044.76 Ann. Carport: $6,000 Ann. (Available) 3 Stores Gross Rent: $90,768 Ann. 10 Apartments Gross Rent: $146,937.72 Ann. Total Gross Rent: $243,705.72 Ann. Expenses: Gas: $9,000 Ann. Electric: $4,000 Ann. (Common Area Only) Maintenance & Repairs: $250 Ann. Insurance: $10,000 Ann. Water & Sewer: $9,000 Ann. Trash: $0 Ann. Snow & Landscape: $0 Ann. Taxes: $42,340 Ann. Total Expenses: $75,590 Ann. Gross Income: $243,705.72 Ann. Net Operating Income (NOI): $168,115.72 Ann. (7.82 Cap!!!) , or Continue reading
MLS#
3565150
Property Type
Mixed Use
Year Built
1931
Lot Size
0.06

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Listing Courtesy of: Richard Matt Shane - All Island Estates Realty Corp 516-783-5600
Andrea Conner, License 10311208085, Xome Inc., License 10991227159, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067


Listings courtesy of One Key MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 11/13/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Per New York legal requirement, click here for the Standard Operating Procedures. Copyright 2024, OneKey MLS, Inc. All Rights Reserved.
This content last refreshed on 11/25/2024 6:52 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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