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Calling All Investors, Developers, & End-Users!!! 100% Occupied 3 Unit Mixed-Use Building In Bed-Stuy For Sale!!! The Property Features Excellent Signage, Great Exposure, R6B Zoning, 6 Parking Spaces, High 8’ Ceilings, Separate Meters, Low Property Taxes, Security Camera System, Rear Yard, All New LED Lighting, 200 Amp Power, A/C, +++!!! The Property Is Located In The Heart Of Brooklyn Just Blocks From Nostrand Avenue & Fulton Avenue!!! The Property Is Situated Minutes From The Barclays Center, Brooklyn Children’s Museum & The Prospect Park Zoo!!! Neighbors Include USPS, UPS, The Home Depot, Dunkin’, CubeSmart Self Storage, Walgreens, AutoZone, Bank Of America, Planet Fitness, Blink Fitness, Dunkin’, Shake Shack, GameStop, Baskin-Robbins, Mobil, McDonald’s, Taco Bell, Mavis Discount Tire, Family Dollar, Wendy’s, White Castle, IHOP, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! The Pizzeria Business Which Has 2 Locations Can Also Be Bought For An Additional $850k!!! Income: Pizzeria (1st Fl. + LL + Yard): $67, 512 Ann. ; 4% Ann. Inc. ; Lease Exp. : 5/1/27 + (3) 5 Year Options. Unit 2 (3 Br. Apt. ): $42, 000 Ann. M-M. Unit 3 (2 Br. Apt. ): $39, 600 Ann. Lease Exp. : 9/1/26. Gross Income: $149, 112 Ann. Expenses: Gas: $0 Ann. (Cooking Only) Oil: $963 Ann. (Heat Only) Electric: $0 Ann. Water + Sewer: $2, 497 Ann. Maintenance & Repairs: $250 Ann. Insurance: $3, 283 Ann. Taxes: $4, 490. 20 Ann. Total Expenses: $11, 483. 20 Ann. Net Operating Income (NOI): $137, 628. 80 Ann. (7. 29% Cap!!!) Reply, Reply All or Forward
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Our Executive Mortgage Banker:
$1,888,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,510,400 | $1,510,400 | $1,510,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $371 | $371 | $371 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,576 | $9,300 | $12,746 |
| Total Monthly Payment | $9,072 | $9,796 | $13,242 |
* 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.