647 5 Avenue
Brooklyn, NY 11215
MLS #409347

Commercial
  • 1,440sq ft
$149,000
Est. P&I payment: $569.08/mo
647 5 Avenue, Brooklyn, NY 11215
  • 647 5 Avenue, Brooklyn, NY 11215 Photo 1
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  • 647 5 Avenue, Brooklyn, NY 11215 Photo 5
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Description for 647 5 Avenue, Brooklyn, NY 11215
LEGENDARY BAKERY IN SOUTH SLOPE BROOKLYN WITH LARGE COSTUMER BASE IS UP FOR SALE. THIS FAMILY OWNED BAKERY HAS BEEN AROUND SINCE 1995 SPECIALIZING IN FRENCH BRED AND PASTRIES WHILE SERVICING FAMILIES AND BUSINESS THROUGHOUT THE YEARS AND NOW ITS YOUR TURN TO DO THE SAME. THERE ARE 2 YEARS REMAINING ON ITS LEASE PAYING A FLAT RATE OF $5,500 A MONTH WITH AN OPTION FOR 5 YEARS PAYING A FLAT RATE OF $8,500 A MONTH. GROSS INCOME - $490,200 EXPENSES - $100,400 NET OPERATING INCOME - $389,800. THE BAKERY WILL BE SOLD WITH ALL ITS EQUIPMENT WITH THE EXCEPTION OF ITS COFFEE MACHINES.
MLS #409347
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My Notes for MLS #409347

General Features

  • Current Use: Restaurant
  • Number Of Stores: 1
  • Owner Occupied: No
  • Potential Use: Bar,​Investment,​Restaurant,​Retail
  • Property Sub Type: Other
  • Property Type: Commercial
  • Status: Active
  • Zoning: R6A

Utility Features

  • Electric: 220 V
  • Utilities: None
  • Utility Expense: 12,000

Financial Features

  • Assessment Fee End Date: 0000-00-00 00:00:00
  • Cap Rate: 2.61
  • Financing: Bank Mortgage,​Cash
  • Gross Expense: 100,400
  • Gross Income: 490,200
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • Insurance Expense: 2,800
  • Miscellaneous Expense: 10,200
  • Net Operating Income: 389,200
  • Tax Abatement End Date: 0000-00-00 00:00:00
  • Tax Amount: 18,000
  • Tenant Lease End Date: 0000-00-00 00:00:00
  • Transaction Type: Sale
  • Years Remaining On Lease: 2

Interior Features

  • Basement Amenities: Storage
  • Ceiling Height: 11-15 Foot
  • Commercial Features Interior: Heated,​Kitchen,​Restrooms - Public,​Restrooms - Staff,​Security Alarm
  • Flooring: Concrete,​Tile
  • Lavatories: 2
  • Sq Ft Total: 1,440
  • Walls: Block,​Metal,​Other

Miscellaneous Features

  • Date Available: 0000-00-00 00:00:00
  • Sale Type: Arm's Length

Community Features

  • Borough: Brooklyn
  • City: Brooklyn
  • County Or Parish: Kings (Brooklyn)
  • Cross Street Name: 19 St
  • Cross Street Name 2: 18 St
  • MLS Area Major: Park Slope

Exterior Features

  • Building Type: Semi-Detached
  • Commercial Features Exterior: Other
  • Construction Materials: Block
  • Foundation Details: Stone
  • Loading Docks: None
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Lot Sq Ft: 2,050
  • Roof: Other

Location

 
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The listing information for 647 5 Avenue, Brooklyn, NY 11215 was graciously provided by our friends at the listing brokerage, Top Nest Inc

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P&I Payment $569.08
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Realty Top Properties's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Realty Top Properties, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 08/18/2017 at 11:48am
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