Flushing Avenue, Brooklyn, NY 11205

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Flushing Avenue, Brooklyn, NY 11205

$2,500,000.00

Details

  • 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%

Additional Information

Asset Type

Mixed-Use

City

Brooklyn

Neighborhood

Fort Greene

Broker

Mark Akilov

Price

$2,500,000

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