Mixed-Use Building For Sale - Agorafy
Mixed-Use Building For Sale 400 Nostrand Avenue Bedford-Stuyvesant, Brooklyn, NY 11216 Location:
Located on the west side of Nostrand Avenue between Gates Avenue and Monroe Street.
Block & Lot:
1812 / 55
Zoning:
R6A / C2-4
Max FAR:
3.0
Lot Size:
20’ x 85’ (Approx.)
Lot SF:
1,700 SF (Approx.)
Bldg. Size:
20’ x 85’ (Approx.)
Bldg. SF:
3,400 SF (Approx.)
Total BSF:
5,100 SF (Approx.)
Additional Air Rights:
1,700 SF (Approx.)
R.E. Taxes:
$11,007 (’14/’15)
Assessment:
$106,628 (’14/’15)
PROJECTED REVENUE (Based on industry averages) Unit
Type
Size (SF)
Rent
Rent / SF
Annual Rent
Commercial*
Retail
1,700
$4,958
$35
$59,500
2nd Floor
Office
1,700
$3,542
$25
$42,500
3,400
$8,500
$30
$102,000
3%
($3,060)
PROJECTED EXPENSES Type
MK Metrics
Projected
R.E. Taxes (14/15)
DOF Tax Bill
$11,007
$1.00 / SF
$3,400
Water & Sewer
Pass Through
$ --
Heating Fuel*
Pass Through
$ --
Electric (Common)
Pass Through
$ --
Repairs & Maintenance
Pass Through
$ --
5% of EGI
$4,947
Exp. Ratio: 19.56%
$19,354
Total Gross Income: Vacancy & Credit Loss: Insurance
Effective Gross Income:
Management
$98,940
Property Highlights • Building can be delivered vacant. • Two-story mixed-use building currently configured as 1 office unit over 1 retail unit. • Property has additional air rights within residential zoning, permitting conversion of office space for residential use.
Total:
• Conveniently located directly in front of the B52, B44 Local and B44 Select Bus Stop Effective Gross Income
$98,940
Less Expenses
($19,354)
Net Operating Income
$79,586
connecting to Southern Brooklyn neighborhoods, Downtown Brooklyn and Bushwick. • Walking distance from the
A C
Nostrand Avenue Station and
G
Bedford Avenue Station.
• Property benefits from a total of 5,100 BSF for mixed-use development.
ASKING PRICE: $1,200,000 For complete offering information or inspection, please contact Exclusive Agents: Michael Amirkhanian
DJ Johnston
Robert Moore
William Cheng
Maria D’Angelo
Director of Sales [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Administrative Assistant [email protected]
Tel: (718) 606-7073
Tel: (718) 307-6515
Tel: (718) 606-7046
Tel: (718) 606-7037
Tel: (718) 307-6521
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 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
QUEENS
STATEN ISLAND
WESTCHESTER
Located on the west side of Nostrand Avenue between Gates Avenue and Monroe Street.
Block & Lot:
1812 / 55
Zoning:
R6A / C2-4
Max FAR:
3.0
Lot Size:
20’ x 85’ (Approx.)
Lot SF:
1,700 SF (Approx.)
Bldg. Size:
20’ x 85’ (Approx.)
Bldg. SF:
3,400 SF (Approx.)
Total BSF:
5,100 SF (Approx.)
Additional Air Rights:
1,700 SF (Approx.)
R.E. Taxes:
$11,007 (’14/’15)
Assessment:
$106,628 (’14/’15)
PROJECTED REVENUE (Based on industry averages) Unit
Type
Size (SF)
Rent
Rent / SF
Annual Rent
Commercial*
Retail
1,700
$4,958
$35
$59,500
2nd Floor
Office
1,700
$3,542
$25
$42,500
3,400
$8,500
$30
$102,000
3%
($3,060)
PROJECTED EXPENSES Type
MK Metrics
Projected
R.E. Taxes (14/15)
DOF Tax Bill
$11,007
$1.00 / SF
$3,400
Water & Sewer
Pass Through
$ --
Heating Fuel*
Pass Through
$ --
Electric (Common)
Pass Through
$ --
Repairs & Maintenance
Pass Through
$ --
5% of EGI
$4,947
Exp. Ratio: 19.56%
$19,354
Total Gross Income: Vacancy & Credit Loss: Insurance
Effective Gross Income:
Management
$98,940
Property Highlights • Building can be delivered vacant. • Two-story mixed-use building currently configured as 1 office unit over 1 retail unit. • Property has additional air rights within residential zoning, permitting conversion of office space for residential use.
Total:
• Conveniently located directly in front of the B52, B44 Local and B44 Select Bus Stop Effective Gross Income
$98,940
Less Expenses
($19,354)
Net Operating Income
$79,586
connecting to Southern Brooklyn neighborhoods, Downtown Brooklyn and Bushwick. • Walking distance from the
A C
Nostrand Avenue Station and
G
Bedford Avenue Station.
• Property benefits from a total of 5,100 BSF for mixed-use development.
ASKING PRICE: $1,200,000 For complete offering information or inspection, please contact Exclusive Agents: Michael Amirkhanian
DJ Johnston
Robert Moore
William Cheng
Maria D’Angelo
Director of Sales [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Administrative Assistant [email protected]
Tel: (718) 606-7073
Tel: (718) 307-6515
Tel: (718) 606-7046
Tel: (718) 606-7037
Tel: (718) 307-6521
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 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
QUEENS
STATEN ISLAND
WESTCHESTER
