416 Glenmore Avenue, East New York, Brooklyn | Mixed-Use | $595,000

Home/Investment Sales/Exclusive Investment Sales/416 Glenmore Avenue, East New York, Brooklyn | Mixed-Use | $595,000

416 Glenmore Avenue, East New York, Brooklyn | Mixed-Use | $595,000

$595,000.00

  • Description: Mixed-Use Property for Sale in the Heart of East New York, Brooklyn
  • Neighborhood: East New York
  • Lot Size: 1,000 SF (20′ x 50′)
  • Building Size: 1,800 SF (20′ x 45′)
  • Number of Stories: 2
  • Zoning: R5B
  • F.A.R (As Built): 1.35 (1.80)
  • Total Buildable: 1,350 SF +/-
  • Cross Streets: New Jersey Avenue & Vermont Street
  • Year Built: 1910
  • Asking Price: $595,000
  • Cap Rate: 5.22%

Offering Memorandum

Details

  • A two-story mixed-use building in East New York, Brooklyn.
  • Property consists of a ground floor retail and a 3-bedroom apartment on the second floor.
  • The deli is currently on the third year of a 5-year lease.
  • The retail tenant has annual escalations of $100.
  • Tenants pay their own electricity.
  • Gas expenses are only for heat.
  • The asking price is set at $595,000 ~ please speak to exclusive agent for more details
  • Cap Rate ~ 5.22%
  • GRM ~ 13.77
  • PPSF: $330.55

Additional Information

Asset Type

Mixed-Use

City

Brooklyn

Neighborhood

East New York

Broker

Yuriy Ustoyev

Price

$595,000

Map

 

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    Contact Info

    215-15 Northern Boulevard,
    3rd Floor
    Bayside, NY 11361

    Phone: 646.586.2091

    Fax: 646.767.6790

    Web: www.assetcrg.com