388 Central Avenue
Brooklyn, NY 11221
MLS #415306

Mixed Use
  • 3,600sq ft
$1,599,000
Est. P&I payment: $6107.1/mo
388 Central Avenue, Brooklyn, NY 11221
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Description for 388 Central Avenue, Brooklyn, NY 11221
CENTRAL AVE - MIXED USE BUILDING IN PRIME BUSHWICK. THE STORE HAS A 7 YEAR LEASE AND IS PAYING $2,500 PER MONTH. THERE ARE 2 RESIDENTIAL APARTMENTS THAT EACH HAVE 4 BEDROOMS. RESIDENTIAL TENANTS ARE PAYING $2,000 PER MONTH PLUS GAS AND ELECTRIC. THERE ARE NO LEASES FOR THE RESIDENTIAL APARTMENTS AND THEY CAN BE VACATED UPON REQUESTED. THIS BUILDING WAS RENOVATED INSIDE AND OUT A FEW YEARS AGO. ASKING PRICE IS $1,599,000. THE EXPENSES ARE AS FOLLOWS TAXES - $8500/YR. WATER $3200. FUEL $2500. INSURANCE $2000. R6 ZONING - FAR OF 3, POTENTIAL TO EXTEND.
MLS #415306
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My Notes for MLS #415306

General Features

  • Lot Number: 40
  • Number Of Families: 2
  • Number Of Stores: 1
  • Owner Occupied: Yes
  • Property Sub Type: Mixed Use
  • Property Type: Mixed Use
  • Status: Active
  • Unit Count: 3
  • Year Built: 1931
  • Zoning: R6

Utility Features

  • Electric: 220 V
  • Hot Water: Gas

Financial Features

  • Assessment Fee End Date: 0000-00-00 00:00:00
  • Cap Rate: 0.04
  • Financing: Bank Mortgage,​Cash,​Conventional
  • Fuel Expense: 2,500
  • Gross Expense: 16,200
  • Gross Income: 78,000
  • Heat Delivery: Hot Water
  • Heating Fuel: Gas
  • Insurance Expense: 2,000
  • Miscellaneous Expense: 3,200
  • Net Operating Income: 61,800
  • Tax Abatement End Date: 0000-00-00 00:00:00
  • Tax Amount: 8,500
  • Tenant Lease End Date: 0000-00-00 00:00:00
  • Transaction Type: Sale

Interior Features

  • Basement Amenities: Finished,​Full
  • Commercial Features Interior: Fire - Smoke Alarm,​Heated,​Restrooms - Staff,​Window Display
  • Flooring: Hardwood
  • Lavatories: 3
  • Sq Ft Total: 3,600
  • Stories: 3

Miscellaneous Features

  • Block: 3,332
  • 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: Linden St
  • Cross Street Name 2: Gates Av
  • MLS Area Major: Bushwick

Exterior Features

  • Building Footprint Sq Ft: 1,200
  • Building Length: 60
  • Building Type: Attached
  • Building Width: 20
  • Commercial Features Exterior: Doors - 10 ft and under,​Fence - Full
  • Construction Materials: Brick
  • Exterior: Stucco
  • Foundation Details: Poured Concrete
  • Loading Docks: None
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Lot Sq Ft: 2,000
  • Roof: Flat
  • Yard: Back,​Fenced - Full

Location

 
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The listing information for 388 Central Avenue, Brooklyn, NY 11221 was graciously provided by our friends at the listing brokerage, Madison Estates & Properties

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P&I Payment $6107.1
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Last Updated 10/17/2017 at 7:27pm
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