718-249-6514

245-247 86 Street
Brooklyn, NY 11209

Mixed Use
  • 7,200sq ft
$4,398,000
Est. P&I payment: $16797.38/mo
245-247 86 Street, Brooklyn, NY 11209
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Description for 245-247 86 Street, Brooklyn, NY 11209
Great Investment Opportunity...Ideal for 1031 investor...Double Building Package.  Two beautiful 3 story limestone buildings in excellent condition.  Well established professional tenants with remaining ten year leases.  Tenants pay their share of real estate taxes, water, and insurance.  Extra deep property offers a large yard, garage, and plenty of parking.  Two residential apartments on the third level are newly renovated with separate heat and hot water.  Current 2017 income $272,000 with $62,000 expenses - Net income $210,000. Located in a professional / residential area of Bay Ridge.  Convenient to all public transportation, Verrazanno Bridge, Belt Parkway, and minutes to NYC
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My Notes for MLS #411385

General Features

  • Lot Number: 65
  • Number Of Families: 2
  • Number Of Stores: 4
  • Owner Occupied: No
  • Property Sub Type: Mixed Use
  • Property Type: Mixed Use
  • Status: Active
  • Unit Count: 4
  • Zoning: R3-2

Utility Features

  • Electric: Circuit Breakers
  • Hot Water: Gas

Financial Features

  • Assessment Fee End Date: 0000-00-00 00:00:00
  • Cap Rate: 0.05
  • Financing: Cash
  • Gross Expense: 61,923
  • Gross Income: 272,044
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • Insurance Expense: 9,300
  • Miscellaneous Expense: 4,000
  • Net Operating Income: 210,121
  • Tax Abatement End Date: 0000-00-00 00:00:00
  • Tax Amount: 41,123
  • Tenant Lease End Date: 0000-00-00 00:00:00
  • Transaction Type: Sale

Interior Features

  • Basement Amenities: Full,​Semi-Finished
  • Commercial Features Interior: Fire - Smoke Alarm
  • Flooring: Hardwood
  • Lavatories: 4+
  • Sq Ft Total: 7,200
  • Stories: 3

Miscellaneous Features

  • Block: 6,033
  • Date Available: 0000-00-00 00:00:00
  • Handicap Access YNU: Yes
  • Sale Type: Arm's Length

Community Features

  • Borough: Brooklyn
  • City: Brooklyn
  • County Or Parish: Kings (Brooklyn)
  • Cross Street Name: Ridge Blvd
  • Cross Street Name 2: 3rd Av
  • MLS Area Major: Bay Ridge

Exterior Features

  • Building Footprint Sq Ft: 2,400
  • Building Length: 60
  • Building Type: Semi-Detached
  • Building Width: 40
  • Commercial Features Exterior: None
  • Construction Materials: Masonry
  • Exterior: Limestone
  • Foundation Details: Poured Concrete
  • Loading Docks: None
  • Lot Size Length: 125
  • Lot Size Width: 45
  • Lot Sq Ft: 5,625
  • Roof: Flat
  • Yard: Back

Location

 
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The listing information for 245-247 86 Street, Brooklyn, NY 11209 was graciously provided by our friends at the listing brokerage, Jabour Realty Company

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P&I Payment $16797.38
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Realty Green Light'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 Green Light, 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 08/17/2017 at 5:09am
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