Courtesy of: Samuel Mizrahi, Century 21 Mizrahi Realty, sam@century21mizrahi.com
Courtesy of: Samuel Mizrahi, Century 21 Mizrahi Realty, sam@century21mizrahi.com
$5,200,000
|
Lot: 0.09 Acres
|
|
Mixed Use
|
$5,200,000
4721 Church Avenue Flatbush Prime Corner 3 story Building 3 stores and 8 apartments. Apartments are free market rent. Each apartment has their own heating, hot water tanks, air conditioning and are paid by tenants. Store #1 - Corner Bakery - $7, 576. Lease Exp: 2/2030 Store #2 - Smoke Shop - $5, 409 Lease Exp: 3/2030 Store #3 - Church - $2, 784 All Stores have a 3% Increase per annum Apartments: 2/1 Bedroom - 4/2 Bedrooms - 2/3 Bedrooms Apt 1 - 1 Bedroom, 1 Bath $2, 484 Sec 8 Apt 2 - 1 Bedroom, 1 Bath $2, 057 Sec 8 Apt 3 - 2 Bedrooms, 1 Bath $2, 762 Sec 8 Apt 4 - 2 Bedrooms, 1 Bath $2, 762 Apt 5 - 2 Bedrooms, 1 Bath $2762 Sec 8 Apt 6 - 2 Bedrooms, 1 Bath $2, 762 Sec 8 Apt 7 - 3 Bedrooms, 2 Baths $3, 084 Apt 8 - 3 Bedrooms, 2 Baths $3, 220 Apartments have their own heating, hot water tanks, air conditioning and are paid by tenants. Taxes: $77, 075. Insurance: $9, 000 Electric: $1, 500 Water: $6, 800 Repairs: $8, 000 Payroll: $8, 000 Heat, , A/C, Gas Pd by Tenants Gross Income $451, 944 Net Income $355, 063 Cap Rate 6.8
Courtesy of: Samuel Mizrahi, Century 21 Mizrahi Realty, sam@century21mizrahi.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.