2766 WEST 15TH STREET BROOKLYN, NY 11224 Mixed-Use Investment Building
FOR SALE
BUILDING FEATURES BLOCK / LOT
6996 / 84
LOT DIMENSIONS
20’ x 118.75’ (Approx.)
LOT S.F.
2,375 (Approx.)
BUILDING DIMENSIONS
20’ x 58’ (Approx.)
BUILDING S.F.
3,480 (Approx.)
UNITS
5 Residential / 1 Community Facility
ZONING / FAR
M1-2 / 2.00
BUILDABLE S.F.
4,750
TAXES (15/16)
$4,964
TENANT
SF
Lease Exp.
Monthly Rent
$/SF
Annual Rent
1R - COMMUNITY
400
VACANT
$700
$21
$8,400
1F – 2 BEDROOM
650
M-M
$1,150
$21
$13,800
2R – 1 BEDROOM
400
M-M
$950
$29
$11,400
2F – 2 BEDROOM
650
M-M
$1,200
$22
$14,400
3R – 1 BEDROOM
400
M-M
$1,050
$32
$12,600
3F – 2 BEDROOM
650
M-M
$1,100
$20
$13,200
TOTAL
3,150
$5,800
$22
$73,800
ESTIMATED EXPENSES REAL ESTATE TAXES (15/16)
Per NYC Department of Finance
($4,964)
WATER / SEWER (15/16)
Per NYC Department of Finance
($4,011)
INSURANCE
Per Owner
($2,500)
GAS
Per Owner
($3,000)
ELECTRIC
Estimated @ $0.25 / SF
OWNER’S EXPENSES
($870) ($15,345)
PROJECTED GROSS INCOME
$73,800
LESS EXPENSES
We are pleased to offer the opportunity to buy a mixed-use 6 unit building in close proximity to the newly rezoned and revitalized Coney Island Amusement Area where NYC and private firms have invested nearly $500,000,000. The property includes three 2-bedroom apartments, two 1bedroom apartments and a ground floor community facility space. The current net income is $54,255. Transportation includes the Coney Island – Stillwell Ave [D, F, N, Q] subway stop and B36, B64, B68, B74, B82, BX28 and BX38 buses as well as nearby access to Surf Avenue, Cropsey Avenue, and the Belt Parkway.
($15,345)
NET OPERATING INCOME
$58,455
ASKING PRICE
$950,000
FOR MORE INFORMATION, PLEASE CONTACT: Alex Svetlakov Director (718) 606 7062
[email protected] Samuel E. Protzmann Associate (718) 606 7061
[email protected] Michael Mercandetti Associate (718) 606 7063
[email protected] CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor Brooklyn, NY 11201 nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.