corner retail strip for sale
CORNER RETAIL STRIP FOR SALE 2928-2938 AVENUE R Homecrest, Brooklyn, NY 11229
Lot Dimensions:
60’ x 100’ (Combined Approx.)
Lot Size (Sq. Ft.):
6,000 (Combined Approx.)
Building S.F.:
5,800 (Combined Approx.)
Stories:
1
Units:
7
Zoning:
R3-2/C1-2
Residential FAR:
0.60
Commercial FAR:
1.00
Total Buildable SF:
6,000 (Combined Approx.)
Assessment (14/15):
$352,698 (Combined)
Taxes (14/15):
$36,409 (Combined)
Revenue:
•
Seven retail stores on Avenue R
•
Buildings are fully occupied, most tenants have long-term leases
Effective Gross Income
$184,200
Owner’s Expenses
($30,721)
Net Operating Income
$153,479
with rent escalations •
Tenants pay all utilities and a portion of the real estate taxes
•
High vehicular exposure and across the street from the B2, B31 & B44 bus lines
ASKING PRICE
$3,750,000
For More Information, Please Contact:
Alex Svetlakov
Director of Sales [email protected] (718) 606-7062
Samuel E. Protzmann
Associate [email protected] (718) 606-7061
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.
205 Montague Street • Third Floor • Brooklyn, NY 11201 • 718.238.8999 • Fax 718.238.6091 W W W. M A S S E Y K N A K A L . C O M THE BRONX BROOKLYN MANHATTAN NASSAU QUEENS STATEN ISLAND WESTCHESTER
Lot Dimensions:
60’ x 100’ (Combined Approx.)
Lot Size (Sq. Ft.):
6,000 (Combined Approx.)
Building S.F.:
5,800 (Combined Approx.)
Stories:
1
Units:
7
Zoning:
R3-2/C1-2
Residential FAR:
0.60
Commercial FAR:
1.00
Total Buildable SF:
6,000 (Combined Approx.)
Assessment (14/15):
$352,698 (Combined)
Taxes (14/15):
$36,409 (Combined)
Revenue:
•
Seven retail stores on Avenue R
•
Buildings are fully occupied, most tenants have long-term leases
Effective Gross Income
$184,200
Owner’s Expenses
($30,721)
Net Operating Income
$153,479
with rent escalations •
Tenants pay all utilities and a portion of the real estate taxes
•
High vehicular exposure and across the street from the B2, B31 & B44 bus lines
ASKING PRICE
$3,750,000
For More Information, Please Contact:
Alex Svetlakov
Director of Sales [email protected] (718) 606-7062
Samuel E. Protzmann
Associate [email protected] (718) 606-7061
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.
205 Montague Street • Third Floor • Brooklyn, NY 11201 • 718.238.8999 • Fax 718.238.6091 W W W. M A S S E Y K N A K A L . C O M THE BRONX BROOKLYN MANHATTAN NASSAU QUEENS STATEN ISLAND WESTCHESTER
