5904 Foster Avenue Brooklyn, NY $ 3,450,000
5904 Foster Avenue
$ 3,450,000
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5904 Foster Avenue

Brooklyn, NY, 11234
$ 3,450,000
Baths0.0 Sq 17,048

Monthly Estimate*

$ 24,099

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Studio

Commercial Property for sale in Brooklyn, NY

for $3,450,000. This 17,048 square foot building was built in 1959 on a lot size of 0.39.

Calling All Investors, Developers & End-Users!!! 7,200 Sqft. Warehouse With R5 Zoning Situated On A 10,250+ Sqft. Corner Lot For Sale!!! The Building Features Excellent Signage, Great Exposure, Strong R5 Zoning, High 16' Ceilings, 23 Parking Spaces, Private Gated Parking Lot, 3 Phase Power, Sprinklers, Accessible Parking & Bathrooms, 3 Drive-In Doors, Security System, All New LED Lighting, CAC, +++!!! The Building Has A Public Assembly Permit & Is Currently Home To A House Of Worship!!! Neighbors Include Starbucks, Ford, Volkswagen, Mitsubishi, Chase Bank, U-Haul, Public Storage, Target, Staples, Optimum, AutoZone, CVS, 7-Eleven, Dunkin', Pathmark, Key Food, PetSmart, Amoco, BP, Planet Fitness, Enterprise Rent-a-Car, Taco Bell, McDonald's, Subway, Wendy's, Dollar Tree, IHOP, KFC, +++!!! The Property Is Located In The Heart Of Brooklyn Between Kings Hwy. & Flatlands Ave. Minutes From Canarsie Park!!! The Entire Property Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / Or Home For Your Business!!! Income: Warehouse(7,200 Sqft.): $320,000 Ann. NNN. (Available) Pro Forma Gross Income: $320,000 Ann. Expenses: Gas: $0 Electric: $0 Insurance: $3,283 Ann. Maintenance/ Repairs: $0 Ann. Taxes: $45,301 Ann. Water: $0 Ann. Total Expenses: $48,584 Ann. Gross Income: $320,000 Ann. Net Operating Income (NOI): $271,416 Ann. (Pro Forma 7.87 Cap!!!)

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Commercial Active

Price

$ 3,450,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 42,302

Style

Lot Size

0.39

Year Built

1959

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

3508745

Features
General
Standard Status Active
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* Excluded Features
List By
Richard Matt Shane

Listing Agent

All Island Estates Realty Corp

Broker

matthewshane8828@gmail.com

Email

Affordability Calculator

$27,624
Per Month
87%
13%
0%
Monthly Principal & Interest
$24,099
Monthly Property Taxes
$3,525
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.
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The time to sell is now
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Nearby
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/30/2023$3,450,000 -5.48% Price Down
10/5/2023$3,650,000 Listed Price

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5904 Foster Avenue, Brooklyn, NY, 11234 is a Commercial Property for sale at $3,450,000 with 17,048 sqft and a lot size of 0.39. 5904 Foster Avenue is a studio with 0.0 baths and was built in 1959. The property's zip code is 11234 which is in Brooklyn, NY