Calling All Investors, Developers & End-Users!!! 100% Occupied 13 Unit Mixed-Use Building In Flatbush For Sale!!! The Building Features Excellent Signage, Great Exposure, 3 Stores, 6 Parking Spaces, High 9' Ceilings, Strong R6/C1-3 Zoning, Signalized Intersection, (10) 1 Br. Apts. , Basement, LED Lighting, 200 Amp, Power, A/C, +++!!! The Property Is Located In The Heart Of Flatbush 2 Blocks Off Linden Blvd. & Only Minutes From Prospect Park, The Brooklyn Museum & Brooklyn Botanic Garden!!! Neighbors Include USPS, Target, T-Mobile, Walgreens, CubeSmart Self Storage, Dunkin', Taco Bell, Subway, Duane Reade, Five Below, IHOP, +++!!! The Building Has 27+ Feet Of Frontage On Busy Church Ave. !!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Be The Next Home For Your Business!!! Income: Biali (Restaurant; 800 Sqft. + 800 Sqft. LL): $33, 600 Ann. ; Lease Exp. : 8/1/28; 3% Ann. Inc. ; Been Here 10+ Years. Royal Cloudz Convenience: (600 Sqft. ; No LL): $36, 000 Ann. ; Lease Exp. : 12/1/29; 5%Ann. Inc. Coco Glam Studio (Salon; 500 Sqft. ; No LL): $21, 168 Ann. ; Lease Exp. : 7/1/25; Additional 5 Year Option ; 3% Ann. Inc. Unit 1A (1 Br. , 1 Bath): $9, 620. 52 Ann. Unit 2A (1 Br. , 1 Bath): $14, 319. 60 Ann. Unit 3A (1 Br. , 1 Bath): $13, 500. 72 Ann. Unit 4A (1 Br. , 1 Bath): $24, 000 Ann. Unit 2B (1 Br. , 1 Bath): $12, 435. 60 Ann. Unit 3B (1 Br. , 1 Bath): $17, 191. 20 Ann. Unit 4B (1 Br. , 1 Bath): $16, 219. 32 Ann. Unit 2C (1 Br. , 1 Bath): $8, 528. 40 Ann. Unit 3C (1 Br. , 1 Bath): $16, 077. 60 Ann. Unit 4C (1 Br. , 1 Bath): $15, 044. 76 Ann. Carport: $6, 000 Ann. (Available) 3 Stores Gross Rent: $90, 768 Ann. 10 Apartments Gross Rent: $146, 937. 72 Ann. Total Gross Rent: $243, 705. 72 Ann. Expenses: Gas: $9, 000 Ann. Electric: $4, 000 Ann. (Common Area Only) Maintenance & Repairs: $250 Ann. Insurance: $10, 000 Ann. Water & Sewer: $9, 000 Ann. Trash: $0 Ann. Snow & Landscape: $0 Ann. Taxes: $42, 340 Ann. Total Expenses: $75, 590 Ann. Gross Income: $243, 705. 72 Ann. Net Operating Income (NOI): $168, 115. 72 Ann. (7. 82 Cap!!!) , or
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William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,679,200 | $1,679,200 | $1,679,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $3,528 | $3,528 | $3,528 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,403 | $10,203 | $13,832 |
Total Monthly Payment | $13,056 | $13,856 | $17,485 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.