581 NEW JERSEY AVENUE, BROOKLYN, NY 11207

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$1,199,000
Active for Sale
 
Listing ID 11177918
Property Type Commercial
County Kings
Township Kings
Neighborhood East New York
School NEW YORK CITY GEOGRAPHIC DISTRICT #19
Total Tax $14,000
FEMA Flood Map fema.gov/portal
Year Built 1930
   
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Amazing mixed use property. 3000 sqft of a corner building that overlooks the entire neighborhood, right next to the school. This is a great opportunity for business owners, homebuyers and investors. The building contains 2 stores and 2 apartments. Studio apartment rented for $1350, 4 bedroom apartment rented for $3250, 2 stores, 1 can be rented for $3500 and the other one could be rented for $2500.
Property Details
  • 3155 SF
  • 3000 SF Lot
  • Built in 1930
  • Renovated 2021
  • Available 5/22/2023
  • Full Basement
  • Lower Level: Finished
Unit Information
Unit #1 – Rent Price: 1350, Bedrooms: 1, Full Baths: 1, Occupied
Unit #2 – Rent Price: 3250, Bedrooms: 4, Full Baths: 1, Occupied
Unit #3 – Rent Price: 2500, Occupied
Rent Price: 3500
Exterior Features
  • Corner
  • New Construction
  • Handicap Features
  • Near Bus
  • Near Train
Commercial Info
  • Uses: MIXED USE
  • 8% Cap. Rate
Income/Expenses
  • Gross Income $127,200
  • Net Income $104,200
  • Electric Exp $5,000
  • Water Exp $4,000
  • Total Exp $23,000
Taxes and Fees
  • $14,000 Total Tax
Listed By
5 BORO REALTY CORP
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