581 NEW JERSEY AVENUE, BROOKLYN, NY 11207

$1,199,000
Active for Sale
 
Listing ID 11177918
Property Type Commercial
County Kings
Township Kings
Neighborhood East New York
School NEW YORK CITY GEOGRAPHIC DISTRICT #19
Total Tax $14,000
FEMA Flood Map fema.gov/portal
Year Built 1930
   
Virtual Tour
Brooklyn are you ready? 5 Boro Realty is proud to introduce 581 New Jersey Avenue. AMAZING mix-use property that has been fully renovated with modern design through-out. A corner mixed use building 3000 SQ, that overlooks the entire neighborhood. This great opportunity is for business owners, home buyers & investors. Studio apt: rented for $1350 - good tenant!!, Huge 4 bedroom apartment - can be divided to 2 units, now rented for $2500.00 - good tenants as well and a big vacant store that can be rented for $3500
Property Details
  • 3155 SF (AG)
  • 3000 SF Lot
  • Built in 1930
  • Renovated 2021
  • Available 5/22/2023
  • Full Basement
  • Lower Level: Finished
Unit Information
Unit #1 – Rent Price: 1350, Bedrooms: 1, Full Baths: 1, Occupied, Unit Count: 1
Unit #2 – Rent Price: 3250, Bedrooms: 4, Full Baths: 1, Occupied, Unit Count: 2
Unit #3 – Rent Price: 2500, Occupied
Unit #4 – Rent Price: 3500
Exterior Features
  • Corner
  • New Construction
  • Handicap Features
  • Near Bus
  • Near Train
Commercial Info
  • Uses: MIXED USE
  • 8.00% Cap. Rate
Income/Expenses
  • Gross Income $127,200
  • Net Income $104,200
  • Electric Exp $5,000
  • Water Exp $4,000
  • Total Exp $23,000
Taxes and Fees
  • $14,000 Total Tax
Listed By
5 BORO REALTY CORP
Mobile: 917-705-0005
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