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4018 8th Ave
2,300 SF Office/Retail Condo Unit Offered at $1,500,000 in Brooklyn, NY 11232
Investment Highlights
- Great investment opportunity, investment may start making money at the same day when you close the deal.
- The seller pays common charge of $500 monthly. 4% cap.
- The tenant has three year lease remaining.
Executive Summary
Prime location on 8th Avenue business district in Sunset Park.
Property Facts
| Price | $1,500,000 | Sale Type | Investment or Owner User |
| Unit Size | 2,300 SF | Building Class | C |
| No. Units | 1 | Floors | 4 |
| Total Building Size | 8,106 SF | Typical Floor Size | 2,027 SF |
| Property Type | Multifamily (Condo) | Year Built | 1926 |
| Property Subtype | Apartment | Lot Size | 0.06 AC |
| Price | $1,500,000 |
| Unit Size | 2,300 SF |
| No. Units | 1 |
| Total Building Size | 8,106 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Sale Type | Investment or Owner User |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 2,027 SF |
| Year Built | 1926 |
| Lot Size | 0.06 AC |
1 Unit Available
Unit 1
| Unit Size | 2,300 SF | Sale Type | Investment or Owner User |
| Price | $1,500,000 | Cap Rate | 4.00% |
| Price Per SF | $652.17 | NOI | $60,000 |
| Condo Use | Office/Retail | APN/Parcel ID | 00919-7501 |
| Unit Size | 2,300 SF |
| Price | $1,500,000 |
| Price Per SF | $652.17 |
| Condo Use | Office/Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.00% |
| NOI | $60,000 |
| APN/Parcel ID | 00919-7501 |
Description
Ground floor, spacious commercial unit. Comes equipped with AC unit, private restrooms, and high ceilings 11-15ft.
Sale Notes
Spacious commercial space for sale on 8th Avenue business district in Sunset Park. The current tenant is running a box school and paying $5,800 monthly, it's approximately 2,300 sqft which property tax is included. The tenant has three year lease remaining. The seller pays common charge of $500 monthly. 4% cap.
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Individual Locking Bedrooms
- Private Bathroom
- Walk-Up
- Smoke Detector
zoning
| Zoning Code | R6, C2-4 (Medium density residential district, Commercial district predominantly residential in character) |
| R6, C2-4 (Medium density residential district, Commercial district predominantly residential in character) |
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Carey Yang -
Nancy Wu -
Exit Realty Professionals
Learn More About Investing in Apartment Buildings
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4018 8th Ave
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