Calling All Investors, Developers, & End-Users!!! 100% Occupied 4 Unit Free Market Mixed-Use Building In Williamsburg For Sale!!!The Property Features Excellent Signage, Great Exposure, High 9’ Ceilings, 2 Br. Apartment, (2) 3 Br. Apartments, Separate Meters, Low Property Taxes (Only $5,013), 200 Amp Power, All New LED Lighting, A/C, +++!!! The Property Is Located Close To The BQE, Williamsburg Bridge And McCarren Park & Pool!!! The Property Is Also Only 2 Blocks From Metropolitan Avenue!!! Neighbors Include Google, Nike, UPS, Dunkin’, Walgreens, McDonald’s, Orangetheory Fitness, Blink Fitness, +++!!! This Property Has HUGE Upside Potential!!! This Opportunity Won't Last Long!!! This Property Would Make A Nice Addition To Your Investment Portfolio!!!
Income:
1st Floor (2 Br., 2 Bath): $44,400 Ann.
2nd Floor (3 Br., 2 Bath): $51,600 Ann.
3rd Floor (3 Br., 2 Bath): $56,400 Ann.
LL Spa: $30,000 Ann.
Gross Income: $181,200 Ann.
Expenses:
Gas + Electric: $2,860 Ann. (Hallway & Basement Only)
Water + Sewer: $2,679 Ann.
Insurance: $3,829 Ann.
Taxes: $5,013 Ann.
Total Expenses: $14,381 Ann.
Net Operating Income (NOI): $168,019 Ann.