- Four story mixed-use building in the Fort Greene neighborhood of Brooklyn.
- Property consists of 6 residential units and 2 commercial units.
- The existing retail has 5 years left on the lease and has been there for 10 years already.
- The vacant retail unit has been completely gut renovated & white boxed.
- The sign company pays $1,000/month and then profit share accrues quarterly – paid once a year in May.
- Asking Price ~ $2,500,000
- Actual Cap Rate ~ 5.26%
- Projected Cap Rate ~ 7%