Mixed-Use Building | 431 E 98th St
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Mixed-Use Building 431 E 98th St
1,840 SF 100% Leased Retail Building Brooklyn, NY 11212 $790,000 ($429/SF) 7.13% Cap Rate
Investment Highlights
- Mixed-use building in Brownsville, Brooklyn
- Commercial space can be delivered vacant for immediate use or investment.
- Close to Rockaway Ave [2,3,4,5] Subway Station.
- A Residential Apartment and Commercial Store.
- Excellent opportunity for live-work arrangements or investment potential.
Executive Summary
Mixed-use building in the Brownsville neighborhood of Brooklyn.
Versatile layout featuring one residential apartment and a commercial store.
Commercial space can be delivered vacant for immediate use or investment.
Excellent opportunity for live-work arrangements or investment potential.
Property is located near Rockaway Ave [2,3,4,5] Subway Station.
Versatile layout featuring one residential apartment and a commercial store.
Commercial space can be delivered vacant for immediate use or investment.
Excellent opportunity for live-work arrangements or investment potential.
Property is located near Rockaway Ave [2,3,4,5] Subway Station.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,840 SF
Building Class
C
Year Built
1930
Price
$790,000
Price Per SF
$429
Cap Rate
7.13%
NOI
$56,342
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.75
Land Acres
0.02 AC
Zoning
R6, C1-3
Frontage
23 FT on East 98th Street
Walk Score ®
Very Walkable (87)
Transit Score ®
Rider's Paradise (100)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 03607-0005 | Improvements Assessment | $33,660 (2024) |
| Land Assessment | $7,800 (2024) | Total Assessment | $41,460 (2024) |
PROPERTY TAXES
Parcel Number
03607-0005
Land Assessment
$7,800 (2024)
Improvements Assessment
$33,660 (2024)
Total Assessment
$41,460 (2024)
-
Sadya Liberow -
Asset CRG Advisors LLC
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Mixed-Use Building | 431 E 98th St
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