3120 Church Ave
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3120 Church Ave
2,711 SF 100% Leased Retail Building Brooklyn, NY 11226 $1,150,000 ($424/SF)
Investment Highlights
- Heavy Foot Traffic
- 2,200 SF +/- in unused FAR
- 4 bedroom residential rental
- Storefront roll down gate provides extra security
Executive Summary
3120 Church Ave is a two story 18.58 x 58 brick mixed-use building on a 100.75 lot with R6, C1-2 zoning and roughly an additional 2,300 SF +/- in unused FAR.
The commercial tenant has a lease in place through 2027 at $5,500 per month.
The residential portion has 4 bedrooms / 1 bath and will be delivered vacant.
Both tenants are responsible for their own gas and electric cost - commercial tenant is responsible for 25% of water/sewage cost.
Building is outfitted with split systems and a forced air system for heating and cooling as well as a boiler with baseboard hot water heat.
Some of the neighborhood's best amenities are right on Church Ave, 2/5 trains are 1 block away and there are new developments all around the surrounding area.
The commercial tenant has a lease in place through 2027 at $5,500 per month.
The residential portion has 4 bedrooms / 1 bath and will be delivered vacant.
Both tenants are responsible for their own gas and electric cost - commercial tenant is responsible for 25% of water/sewage cost.
Building is outfitted with split systems and a forced air system for heating and cooling as well as a boiler with baseboard hot water heat.
Some of the neighborhood's best amenities are right on Church Ave, 2/5 trains are 1 block away and there are new developments all around the surrounding area.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,711 SF
Building Class
C
Year Built
1931
Price
$1,150,000
Price Per SF
$424
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.35
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
R6 - R6, C1-2
Frontage
20 FT on Church Ave
Amenities
- Bus Line
- Restaurant
- Security System
- Signage
Walk Score ®
Walker's Paradise (94)
Transit Score ®
Rider's Paradise (94)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 04885-0010 | Total Assessment | $179,550 |
| Land Assessment | $80,100 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $99,450 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
04885-0010
Land Assessment
$80,100
Improvements Assessment
$99,450
Total Assessment
$179,550
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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3120 Church Ave
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