NY > Brooklyn
Brooklyn, NY 11220,268 Bay Ridge AVE
Brooklyn, NY 11220,268 Bay Ridge AVE
Brooklyn, NY 11220,268 Bay Ridge AVE
Brooklyn, NY 11220,268 Bay Ridge AVE
Brooklyn, NY 11220,268 Bay Ridge AVE
Brooklyn, NY 11220,268 Bay Ridge AVE
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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603
$ 3,100,000
Est. payment | /mo

6,362 SqFt

Save
$ 3,100,000
Est. payment | /mo
Save

6,362 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 6,362 sqft

Price per Sqft $487

MLS Listing ID 493753

Year Built 2015

Annual Tax Amount $14,623

Lot Dimensions 69 X 130

Property Sub-Type Commercial

Property Description

Investor's Delight!!! Introducing the new construction units with two commercial stores, one community facility plus ten indoor parking spots for sale as a package deal in Bay Ridge. Store #S1 which is 2970 sqft and is current leased as a Tae Kwon Do school which is paying $5,227 monthly, common charge of $959.68 and property tax $7,347.44. Store # S2 which is 2,292 sqft and is a bakery, it pays $3,500 with 3% yearly increase, common charge $751 and property tax $5,761 yearly. Store #CF which is 1200 sqft, it is renting as a storage, it pays $2,060, common charge $289 and property tax $771 yearly. Triple net leases for store # S1, S2 and #CF. The seller is collecting $3,360 from ten indoor parking spots, pays $743 yearly for common charges for ten parking spot and property insurance premium of $3,050 only. Total yearly expenses for the seller is $4,103 ONLY. The building is generating net yearly income of $164,291 which is 5.3% cap rate. The seller is willing to offer owner's financing with 35% and up as the down payment. Start making income as soon as you close the deal.

Location

State NY

County Kings (brooklyn)

Area Bay Ridge

Zoning C1-4

Rooms

Basement Full

Interior

Interior Features Elevator – Freight, Restrooms - Staff

Heating Gas

Flooring Ceramic

Equipment Elevator.

Heat Source Gas

Exterior

Exterior Feature Brick

Utilities Available None

Roof Type Flat

Present Use Retail,Sport & Entertainment,Other

Building

Foundation Poured Concrete

Others

Energy Description Gas

Financing 1031 Exchange,Bank Mortgage,Cash,Owner

Listed by Exit Realty Professionals

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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603

Broker | License ID: 10491210466

Broker License ID: 10491210466

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268 Bay Ridge AVE

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