335 S 2nd Street Brooklyn, NY $ 5,000,000
335 S 2nd Street
$ 5,000,000
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335 S 2nd Street

Brooklyn, NY, 11211
$ 5,000,000
Baths0.0 Sq 8,258

Monthly Estimate*

$ 34,926

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Studio

Commercial Property for sale in Brooklyn, NY

for $5,000,000. This 8,258 square foot building was built in 1926 on a lot size of 0.19.

Calling All Investors, Developers & End-Users!!! 8.13 Cap 100% Occupied 25 Unit Mixed-Use Building In Williamsburg For Sale!!! The Building Features Excellent Signage, Great Exposure, 5 Stores, 6 Parking Spaces, High 10' Ceilings, Strong R6/C2-3 Zoning, Signalized Intersection, (4) 3 Br. Apts., (8) 2 Br. Apts., (8) 1 Br., Full Basement, All New LED Lighting, 200 Amp, Power, CAC, +++!!! The Property Is Located In The Heart Of Williamsburg 1 Block Off I-278 & Just Minutes From The Williamsburg Bridge!!! Neighbors Include Starbucks, Peter Luger's Steak House, The Home Depot, Whole Foods Market, CubeSmart Self Storage, T-Mobile, Planet Fitness, Walgreens, Dunkin', Liberty Tax, Meineke Car Care Center, Trader Joe's, McDonald's, IHOP, +++!!! The Building Has 345+ Feet Of Wrap-Around Frontage On Busy S. 2nd Street, Borinquen Place & Keap Street!!! This Property Offers HUGE Upside Potential!!! This Could Make A Great Addition To Your Investment Portfolio Or Be The Next Home For Your Business!!! Income: Black Flamingo (Bar): $120,000 Ann.; Lease Exp.: 2034; Pays 1/3 Of Taxes + 1/3 Of Water Bill. Diaz Food Center (Grocery Store): $40,200 Ann.; Lease Exp.: 2031; $600 Ann. Inc.; Pays 1/3 Of Taxes + 1/3 Of Water Bill. El Gran Canario (Restaurant): $69,600 Ann.; Lease Exp.: 2034; Pays 1/3 Of Taxes + 1/3 Of Water Bill. Juice Bar & Lounge: $39,000 Ann.; Lease Exp.: 2032; Pays 1/3 Of Taxes + 1/3 Of Water Bill. Beauty Salon: $21,600 Ann.; Lease Exp.: 2031; Pays 1/3 Of Taxes + 1/3 Of Water Bill. Unit 2A: $16,500 Ann. Unit 2B: $24,000 Ann. Unit 2C: $22,200 Ann. Unit 2D: $11,544 Ann. Unit 2E: $10,152 Ann. Unit 3A: $ 11,724 Ann. Unit 3B: $18,444 Ann. Unit 3C: $12,624 Ann. Unit 3D: $17,880 Ann. Unit 3E: $11,136 Ann. Unit 4A: $9,240 Ann. Unit 4B: $10,920 Ann. Unit 4C: $18,444 Ann. Unit 4D: $18,792 Ann. Unit 4E: $9,816 Ann. Unit 5A: $8,364 Ann. Unit 5B: $21,000 Ann. Unit 5C: $8,016 Ann. Unit 5D: $15,240 Ann. Unit 5E: $9,204 Ann. Tax Rebate (Paid By The Stores): $40,636 Ann. Water Rebate (Paid By The Stores): $10,392 Ann. Expenses: Oil: $34,987 Ann. Electric: $3,142 Ann. (Common Area Only) Maintenance & Repairs: $5,000 Ann. Property Super: $5,000 Ann. Insurance: $17,680 Ann. Water: $31,442 Ann. Taxes: $123,140 Ann. Total Expenses: $220,391 Ann. Current Gross Income: $626,668 Ann. Net Operating Income (NOI): $406,277 Ann. (8.13 Cap!!!)

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Commercial Active

Price

$ 5,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 120,825

Style

Lot Size

0.19

Year Built

1926

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

3531320

List By
Richard Matt Shane

Listing Agent

All Island Estates Realty Corp

Broker

matthewshane8828@gmail.com

Email

Affordability Calculator

$44,995
Per Month
78%
22%
0%
Monthly Principal & Interest
$34,926
Monthly Property Taxes
$10,069
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
THE TIME TO SELL IS NOW!
Nearby
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/18/2024$5,000,000 -1.96% Price Down
4/1/2024$5,100,000 -5.35% Price Down
2/13/2024$5,388,000 Listed Price

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335 S 2nd Street, Brooklyn, NY, 11211 is a Commercial Property for sale at $5,000,000 with 8,258 sqft and a lot size of 0.19. 335 S 2nd Street is a studio with 0.0 baths and was built in 1926. The property's zip code is 11211 which is in Brooklyn, NY