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Listing by: LAFFEY REAL ESTATE, 516-333-0025
Introducing an exceptional opportunity in the vibrant neighborhood of Flatlands! 5019 Avenue N is a solid-brick 2-family plus storefront building is located in a prime, high-traffic location. The ground floor commercial space will be delivered vacant making this an ideal property for an end-user, investment or 1031 exchange opportunity. This building is located on a retail corridor with a strong residential base. There is a bus stop on the corner of the block as well as across the street. The second floor consists of a 2-bedroom, 1-bathroom layout with hardwood floors and a 1-bedroom, 1-bathroom apartment with hardwood floors as well. Opportunities like this are exceedingly rare in this sought-after area. Don't miss your chance to seize this highly desirable mixed-use building!
Listing by: All Island Estates Realty Corp, 516-783-5600
Calling All Investors, Developers & End-Users!!! 7,200 Sqft. Warehouse With R5 Zoning Situated On A 10,250+ Sqft. Corner Lot For Sale!!! The Building Features Excellent Signage, Great Exposure, Strong R5 Zoning, High 16' Ceilings, 23 Parking Spaces, Private Gated Parking Lot, 3 Phase Power, Sprinklers, Accessible Parking & Bathrooms, 3 Drive-In Doors, Security System, All New LED Lighting, CAC, +++!!! The Building Has A Public Assembly Permit & Is Currently Home To A House Of Worship!!! Neighbors Include Starbucks, Ford, Volkswagen, Mitsubishi, Chase Bank, U-Haul, Public Storage, Target, Staples, Optimum, AutoZone, CVS, 7-Eleven, Dunkin', Pathmark, Key Food, PetSmart, Amoco, BP, Planet Fitness, Enterprise Rent-a-Car, Taco Bell, McDonald's, Subway, Wendy's, Dollar Tree, IHOP, KFC, +++!!! The Property Is Located In The Heart Of Brooklyn Between Kings Hwy. & Flatlands Ave. Minutes From Canarsie Park!!! The Entire Property Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / Or Home For Your Business!!! Income: Warehouse(7,200 Sqft.): $320,000 Ann. NNN. (Available) Pro Forma Gross Income: $320,000 Ann. Expenses: Gas: $0 Electric: $0 Insurance: $3,283 Ann. Maintenance/ Repairs: $0 Ann. Taxes: $45,301 Ann. Water: $0 Ann. Total Expenses: $48,584 Ann. Gross Income: $320,000 Ann. Net Operating Income (NOI): $271,416 Ann. (Pro Forma 7.87 Cap!!!)
