About 747 Flushing Avenue
MIXED-USE BUILDING FOR SALE IN PRIME EAST WILLIAMSBURG LOCATION, BROOKLYN A DYNAMIC INVESTMENT IN A THRIVING NEIGHBORHOOD Unlock the potential of this mixed-use building located in the heart of East Williamsburg, Brooklyn. Offering a blend of residential and commercial spaces, this property presents an exceptional opportunity for investors seeking both stability and growth. FEATURES: Two spacious 3-bedroom apartments with versatile box rooms. Favorable low taxes for efficient financial management. Conveniently situated just half a block from the J, M train, facilitating easy transportation access Flushing Avenue Station. B43, B57 Buses. Woodhull Hospital. Commercial space leased as a restaurant with a secure 5-year lease in place747 Flushing Ave. East Williamsburg, Brooklyn. TAXES - $4,317 BUILDING: 3,843 Sq. Ft. w/ an allowance to build an additional 1,838 Sq. Ft. TENANTS: RESTAURANT 1,267 Sq. Ft. - Rent: $5,000. Lease: 5 years 2nd FL TENANT (NO LEASE) - 1,286 Sq. Ft. 3 Bedroom / 1 Bath Rent: $2,000. MARKET RENTS: $5,100 3rd FL TENANT (NO LEASE) - 1,286 Sq. Ft. 3 Bedroom / 1 Bath Rent: $2,200. MARKET RENTS: $5,100 *All tenants pay their own utilities. Heat, gas, and electric. NOI with MARKET RENTS (Pro-Forma) $167,482 ; Cap Rate 6.7%
Features of 747 Flushing Avenue
| MLS® # | 3535788 |
|---|---|
| Price | $2,499,988 |
| Bathrooms | 0.00 |
| Acres | 0.04 |
| Type | Commercial |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 747 Flushing Avenue |
|---|---|
| City | East Williamsburg |
| County | Brooklyn |
| State | NY |
| Zip Code | 11206 |
Additional Information
Listing Details
| Office | One Stop Multi Service Inc |
|---|---|
| Office Contact | 718-554-0257 |