Description

Calling All Investors, Developers, & End-Users!!! 100% Occupied 4 Unit Free Market Mixed-Use Building In Williamsburg For Sale!!!The Property Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 9’ Ceilings, 2 Br. Apartment, (2) 3 Br. Apartments, Separate Meters, Low Property Taxes (Only $5, 013), 200 Amp Power, All New LED Lighting, A/C, +++!!! The Property Is Located Close To The BQE, Williamsburg Bridge And McCarren Park & Pool!!! The Property Is Also Only 2 Blocks From Metropolitan Avenue!!! Neighbors Include Google, Nike, UPS, Dunkin’, Walgreens, McDonald’s, Orangetheory Fitness, Blink Fitness, +++!!! This Property Has HUGE Upside Potential!!! This Opportunity Won’t Last Long!!! This Property Would Make A Nice Addition To Your Investment Portfolio!!! Income: 1st Floor (2 Br., 2 Bath): $42, 000 Ann. Lease Exp.: 7/2024. 2nd Floor (3 Br., 2 Bath): $49, 200 Ann. Lease Exp.: 7/2024. 3rd Floor (3 Br., 2 Bath): $52, 800 Ann. Lease Exp.: 7/2024. LL Spa: $28, 800 Ann. Lease Exp.: 8/2024. Gross Income: $172, 800 Ann. Expenses: Gas + Electric: $2, 860 Ann. (Hallway & Basement Only) Water + Sewer: $2, 679 Ann. Insurance: $3, 829 Ann. Taxes: $5, 013 Ann. Total Expenses: $14, 381 Net Operating Income (NOI): $158, 419 Ann.