Courtesy of: Jian Yang (Carey), Exit Realty Professionals, careyyangexitny@gmail.com
Courtesy of: Jian Yang (Carey), Exit Realty Professionals, careyyangexitny@gmail.com
$3,300,000
|
Lot: 0.21 Acres
|
|
Other
|
$3,300,000
268 Bay Ridge Avenue Investor's Delight!!! Introducing the new construction units with two commercial stores, one community facility plus ten indoor parking spots for sale as a package deal in Bay Ridge. Store #S1 which is 2970 sqft and is current leased as a Tae Kwon Do school which is paying $5, 227 monthly, common charge of $959.68 and property tax $7, 347.44. Store # S2 which is 2, 292 sqft and is a bakery, it pays $3, 500 with 3% yearly increase, common charge $751 and property tax $5, 761 yearly. Store #CF which is 1200 sqft, it is renting as a storage, it pays $2, 060, common charge $289 and property tax $771 yearly. Triple net leases for store # S1, S2 and #CF. The seller is collecting $3, 360 from ten indoor parking spots, pays $743 yearly for common charges for ten parking spot and property insurance premium of $3, 050 only. Total yearly expenses for the seller is $4, 103 ONLY. The building is generating net yearly income of $164, 291 which is 5% cap rate. The seller is willing to offer owner's financing with 35% and up as the down payment. Start making income as soon as you close the deal.
Courtesy of: Jian Yang (Carey), Exit Realty Professionals, careyyangexitny@gmail.com
Copyright © 2025 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.