About this property
Mixed-Use Commercial Space + Back House (6 Units) in Greenpoint!
This is an AMAZING Investment Opportunity!
Located near Greenpoint’s trendiest shops, restaurants and nightlife.
Short walk to either Greenpoint G or Vernon Blvd 7 Train stops.
– Grandfathered in Residential Back House w/ 6 Apts (Free Market!)
– Total: 6 Br, 6 Bath
– Unfinished Basement
– 1 Commercial Space (Approx. 1,200 SF) w/ Rooftop
– 2 Separate Meters
Currently Commercial Space is Vacant.
1R: Studio ($1,000)
1L: 1 Br ($1,500)
1F: Studio ($1,300)
2R: Studio ($1,500)
2L: 1 Br ($1,800)
2F: Studio ($1,100)
Annual Income: $98,400 (w/ Comm. Space vacancy)
Potential Income: $146,400 (based on Comm. Space renting at $4,000/mo)
Gas/Heat: $ 4,000/Yr
Annual Expenses: $16,050
Actual CAP Rate: 2.8%
Potential CAP Rate: 4.5%
Lot: 25 x 100 ft
Building: 22 x 52 ft
FAR 0.8; MAX FAR 2.4
Call us Today for More Information!