922 4th Avenue
Brooklyn, NY, 11232 $ 2,200,000
Baths0.0 Sq 1,600 Monthly Estimate*
$ 15,368
Studio
for $2,200,000. This 1,600 square foot building was built in 1926 on a lot size of 0.04.
Calling All Investors, Developers, & End-Users!!! 8 Unit Mixed-Use Building In Sunset Park For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong M1-2D Zoning, 6 Parking Spaces, High 10' Ceilings, Separate Meters, Low Property Taxes, New Boiler, New Electric, Fenced Yard, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Sunset Park 1 Block From Industry City & The Gowanus Expressway (I-278)!!! Neighbors Include BMW, Toyota, Nissan. UPS, Chase Bank, The Home Depot, TD Bank, Costco, Dunkin', NYU Langone, Holiday Inn Hotels, McDonald's, Duane Reade, Rite Aid, Micro Center, Petco, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / Home For Your Business!!! Income: Small World Money Transfer (750 Sqft.): $32,400 Ann. + $1,500 Towards Tax Bill.; 3% Ann. Inc.; Lease Exp.: 7/1/2025. They Pay 25% Of Tax Over The Base & Their Own Water. LL (1,200 Sqft.): $18,000 Ann. (Available) Unit 1 (1 Br. Apt.): $16,740 Ann.; Lease Exp.: 4/1/24. Unit 2R (1 Br. Apt.): $17,832 Ann.; Lease Exp.: 3/1/24. Unit 2F (1 Br. Apt.): $16,800 Ann.; Lease Exp.: 5/1/24. Unit 3R (1 Br. Apt.): $17,100 Ann.; Lease Exp.: 4/1/24. Unit 3F (1 Br. Apt.): $12,900 Ann.; Lease Exp.: 3/1/24. Unit 4R (1 Br. Apt.): $27,600 Ann.; Lease Exp.: 6/1/24. Unit 4F (1 Br. Apt.): $16,740 Ann.; Lease Exp.: 4/1/24. Pro Forma Gross Income: $177,612 Ann. Expenses: Gas : $1,520 Ann. (Heat + Hot Water Only For Entire Building) Electric: $0 Ann. Water + Sewer: $6,500 Ann. Maintenance + Repairs: $250 Ann. Insurance: $2,823 Ann. Taxes: $15,124 Ann. Total Expenses: $26,217 Ann. Net Operating Income (NOI): $151,395 Ann.
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FeaturesList ByRichard Matt ShaneListing Agent
All Island Estates Realty CorpBroker
matthewshane8828@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $15,368
- Monthly Property Taxes
- $1,260
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Brooklyn, NY
Average List Price $1,897,674
Percent of Sale Price 14%
About Brooklyn, NY 2,668,108 Population
8% Since 2002
$ 56,355 Median Income
36.99 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
11/27/2023 | $2,200,000 | -4.35% | Price Down |
10/30/2023 | $2,300,000 | -2.13% | Price Down |
10/5/2023 | $2,350,000 | | Listed Price |