5507 Avenue N
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5507 Avenue N
3,450 SF 100% Leased Office Building Brooklyn, NY 11234 $1,289,000 ($374/SF)
Investment Highlights
- Income producing property.
- Great investment or owner user property.
- High visibility location.
- Retail tenant with several years left on lease.
Executive Summary
Our Commercial division is delighted to present this well sought after semi-detached mixed-use building in the Old Mill Basin section of Brooklyn NY. The oversized property is 3,450 interior usable space. The top floor consists of a 3-bedroom ,1 bath unit that is in need of renovation and the projected rent for a large 3 bedroom is Impressive. The second floor is set-up as a BEAUTIFUL office space with a conference room, private offices and administration station and has European bathroom. The space is ideal for end user or professional tenant to occupy. The first-floor tenant is a well-established nail salon and spa in the community, they utilize the first floor and the finished basement plus pay (90% of water bill). All the tenants pay their own gas and electric, all mechanicals have been up-dated. This is an ideal investment property for anyone's portfolio or owner user.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
3,450 SF
Building Class
C
Year Built
1931
Price
$1,289,000
Price Per SF
$374
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,000 SF
Building FAR
1.77
Lot Size
0.04 AC
Zoning
R3-2 - R3 - Low density residential district
Amenities
- Signage
- Air Conditioning
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Walk Score ®
Walker's Paradise (93)
Transit Score ®
Excellent Transit (78)
PROPERTY TAXES
| Parcel Number | 07880-0008 | Improvements Assessment | $71,550 |
| Land Assessment | $19,800 | Total Assessment | $91,350 |
PROPERTY TAXES
Parcel Number
07880-0008
Land Assessment
$19,800
Improvements Assessment
$71,550
Total Assessment
$91,350
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Presented by
Bergen Basin Realty
5507 Avenue N
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