Prime Mixed-Use Property For Sale
32-37 Greenpoint Avenue Long Island City, NY 11101 Location: Corner of Greenpoint Avenue and Bradley Avenue Block: 304 Lot: 113 Lot Dimensions (Approx.): 59' x 100' Lot Sq. Ft. (Approx.): 5,900 Building Dimensions (Approx.):59' x 52' Stories: 2 Building Sq. Ft. (Approx.): 6,100 Commercial Units: 2 Residential Units: 3 Zoning: M1-1 Description: The subject property is a two story, mixed-use building located on the corner of Greenpoint Avenue and Bradley Avenue in Long Island City. The building consists of approx. 3,050 sq. ft. retail space with two (2), three (3) bedroom apartments and one (1), two (2) bedroom apartment unit. The property also features a multi-car parking lot with an additional oversized garage. The building is located on Greenpoint Avenue, a main corridor that connects Greenpoint and Long Island City. This property has tremendous upside potential and offers an incredible opportunity for investors looking to invest in Long Island City.
Asking Price: $1,950,000 For further information regarding financing please call Vittas Borozin at (718) 275-2625 x 5125
Expenses (Estimated): Real Estate Taxes (14/15): Insurance:
$ $
38,178.00 2,800.00
Common Electric: Water / Sewer: Repairs & Maintenance:
$ $ $
600.00 1,525.00 500.00
Total Operating Expenses:
$
43,603.00
Net Operating Income:
$
119,597.00
*Projected
Actual Revenue: Unit 205 Montague Street, 3rd SizeFloor Monthly Rent (Act.) AnnualAvenue, Rent (Act.) 275 Madison 3rd Floor 118-35 Queens Boulevard, 14th Floor Brooklyn, NY 11201 New York, NY 10016 Forest Hills, NY 11375 For further information or inspection, Retail Space A 1,525 SF $ 3,200.00 $ 38,400.00 T: 718-238-8999 / F: 718-238-6091 T: 212-696-2500 / F: 212-696-0333 T: 718-275-3400 / F: 718-275-5478 please contact Exclusive Agents: Retail Space B 1,525 SF $ 3,200.00 $ 38,400.00 Parking Lot & Garage Multi-Car $ 1,200.00 $ 14,400.00 Conrad Martin David Chkheidze Apartment - 1 3BR $ 2,000.00 $ 24,000.00 Associate Director of Sales
[email protected] [email protected] Apartment - 2 3BR $ 2,000.00 $ 24,000.00 (718) 275-3400 x 2625 (718) 275-3400 x 2520 Apartment - 3 2BR $ 2,000.00 $ 24,000.00 Total: $ 13,600.00 $ 163,200.00
Projected Due to Vacancy The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
118-35 Queens Blvd. • 14th Floor • Forest Hills, NY 11375 • 718.275.3400 • Fax 718.275.5478 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
QUEENS
STATEN ISLAND
WESTCHESTER
Prime Mixed-Use Property For Sale
32-37 Greenpoint Avenue Long Island City, NY 11101
205 Montague Street, 3rd Floor Brooklyn, NY 11201 T: 718-238-8999 / F: 718-238-6091
275 Madison Avenue, 3rd Floor New York, NY 10016 T: 212-696-2500 / F: 212-696-0333
118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 T: 718-275-3400 / F: 718-275-5478
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
118-35 Queens Blvd. • 14th Floor • Forest Hills, NY 11375 • 718.275.3400 • Fax 718.275.5478 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
QUEENS
STATEN ISLAND
WESTCHESTER
Prime Mixed-Use Property For Sale
32-37 Greenpoint Avenue Long Island City, NY 11101
205 Montague Street, 3rd Floor Brooklyn, NY 11201 T: 718-238-8999 / F: 718-238-6091
275 Madison Avenue, 3rd Floor New York, NY 10016 T: 212-696-2500 / F: 212-696-0333
118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 T: 718-275-3400 / F: 718-275-5478
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
118-35 Queens Blvd. • 14th Floor • Forest Hills, NY 11375 • 718.275.3400 • Fax 718.275.5478 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
QUEENS
STATEN ISLAND
WESTCHESTER