357 Avenue X
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357 Avenue X
2,400 SF 100% Leased Retail Building Brooklyn, NY 11223 $1,220,000 ($508/SF) 6% Cap Rate
Investment Highlights
- High visibilty location
- Close to public transportation
Executive Summary
This income producing property is currently for Sale for $1,220,000.
Current retail tenant has 10 yr remaining on lease. Apartment upstairs can be delivered vacant.
Current retail tenant has 10 yr remaining on lease. Apartment upstairs can be delivered vacant.
Property Facts Under Contract
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,400 SF
Building Class
B
Year Built
1931
Price
$1,220,000
Price Per SF
$508
Cap Rate
6%
NOI
$73,200
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.10
Lot Size
0.05 AC
Zoning
R4 - districts allow all types of housing at a slightly higher density than permitted in R3-2 districts
Frontage
20 FT on Avenue X
Amenities
- Bus Line
- Signage
Walk Score ®
Walker's Paradise (92)
Transit Score ®
Rider's Paradise (92)
Bike Score ®
Very Bikeable (75)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 07176-0042 | Improvements Assessment | $74,400 |
Land Assessment | $12,360 | Total Assessment | $86,760 |
PROPERTY TAXES
Parcel Number
07176-0042
Land Assessment
$12,360
Improvements Assessment
$74,400
Total Assessment
$86,760
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357 Avenue X
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