Overview
MIXED-USE BUILDING FOR SALE IN PRIME EAST WILLIAMSBURG LOCATION, BROOKLYN A DYNAMIC INVESTMENT IN A THRIVING NEIGHBORHOOD Unlock the potential of this mixed-use building located in the heart of East Williamsburg, Brooklyn. Offering a blend of residential and commercial spaces, this property presents an exceptional opportunity for investors seeking both stability and growth. FEATURES: Two spacious 3-bedroom apartments with versatile box rooms. Favorable low taxes for efficient financial management. Conveniently situated just half a block from the J, M train, facilitating easy transportation access Flushing Avenue Station. B43, B57 Buses. Woodhull Hospital. Commercial space leased as a restaurant with a secure 5-year lease in place747 Flushing Ave. East Williamsburg, Brooklyn. TAXES - $4, 317 BUILDING: 3, 843 Sq. Ft. w/ an allowance to build an additional 1, 838 Sq. Ft. TENANTS: RESTAURANT 1, 267 Sq. Ft. - Rent: $5, 000. Lease: 5 years 2nd FL TENANT (NO LEASE) - 1, 286 Sq. Ft. 3 Bedroom / 1 Bath Rent: $2, 000. MARKET RENTS: $5, 100 3rd FL TENANT (NO LEASE) - 1, 286 Sq. Ft. 3 Bedroom / 1 Bath Rent: $2, 200. MARKET RENTS: $5, 100 *All tenants pay their own utilities. Heat, gas, and electric. NOI with MARKET RENTS (Pro-Forma) $167, 482 ; Cap Rate 6.7%