Courtesy of: Emily Hui Chen-Liang, Tiger Realty, huitingliang@yahoo.com
Courtesy of: Emily Hui Chen-Liang, Tiger Realty, huitingliang@yahoo.com
$7,200,000
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Lot: 0.34 Acres
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Other
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$7,200,000
340 Junius Street 340-356 Junius Street, located in Brownsville A rare mixed-use investment opportunity in a thriving Brooklyn neighborhood. Situated on a substantial 15, 000 sq. ft. lot, the building offers a total of 23, 400 sq. ft. of usable space across two floors. Zoned M1-1, the property allows for a variety of industrial, commercial, and community facility uses. Dollar Tree, a national credit tenant, occupies a portion of the building under a 15-year lease at $27, 000/month. Dollar Tree pays its own utilities and contributes no real estate taxes as part of their lease structure. Unit 1 (2, 500 Sqft) leased as a church $3, 500/month (no lease) and unit 2 (4, 000 Sqft) is leased as a school $6, 000/m (no lease). Also 2 available units offer tenant potential $5, 000/m each. All spaces have separate meters. Potential Gross Income: $558, 000; Potential Net Income: $458, 000; Expenses: approximately $100, 000 (tax, repairs, water & utilities). Current property taxes are $66, 714.20 with 12 years remaining on a tax abatement. The property is conveniently located near the 1, 2, and 3 train stations, with parking available in multiple spots next to the property and a supermarket directly across the street.
Courtesy of: Emily Hui Chen-Liang, Tiger Realty, huitingliang@yahoo.com
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