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380 McGuinness Blvd, Brooklyn, NY 11222

$ 2,875,000

380 McGuinness Blvd,
,

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Property Id : 20145
Price: $ 2,875,000
Bedrooms: 6
Bathrooms: 6
Structure Type: Brick
Floors No: 1

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.
It features:
– 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.
Back House:
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)

Taxes: $5,450/Yr
Insurance: $2,400/Yr
Gas/Heat: $ 4,000/Yr
Water: $1,800/Yr
Electricity: $2,400/Yr
Annual Expenses: $16,050

NOI: $82,350/Yr
Actual CAP Rate: 2.9%
Potential CAP Rate: 4.5%

Lot: 25 x 100 ft
Building: 22 x 52 ft
Zoning: M1-1
FAR 0.8; MAX FAR 2.4

Call us Today for More Information!

Amenities and Features

Roof Deck

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