8 units/ 4 stores, Bankruptcy Sale – Midwood, Brooklyn 4 Contiguous Mixed-Use Buildings | Sold As-Is | $3,150,000

Bankruptcy Sale – Midwood, Brooklyn, NY 11230

4 Contiguous Mixed-Use Buildings | Sold As-Is | $3,150,000 
Time of the Essence – Must close ASAP 

Property Overview:

Each building is legally a 2-Family + 1 Commercial Store

Total Legal Use: 8 Residential Units + 4 Commercial Units

812 and 814 are currently configured as 4 residential units each, but are legally 2-family plus store

Zoning: R5D / R5B / C2-4

Sold together, no interior access currently

All residential units are 1-bedrooms, except 2 studios

No active leases on file

Strong rental upside – below-market rents

Delivered as-is

Breakdown by Address:

808 East 16th St – Legal 2-Family + Store

Residential: Apt 2F – $800 | Apt 2R – $800

Commercial: Store rented month-to-month to the city – $2,921

In negotiations for a 10-year lease with 3% annual increases

Lot: 20' x 60' | Building: 20' x 50'

Taxes: $5,700

810 East 16th St – Legal 2-Family + Store

Residential: Apt 2L – $800 | Apt 2R – $1,000

Commercial: Store rented month-to-month to the city – $2,921

In negotiations for a 10-year lease with 3% annual increases

Lot: 20' x 60' | Building: 20' x 50'

Taxes: $5,700

812 East 16th St – Legally 2-Family + Store

(Currently configured as 4 residential units)

Residential:

 1F – $1,000 | 2F – $850 | 2R – $1,200 | 1 Unit Vacant (1-Bedroom)

Lot: 20' x 57' | Building: 20' x 50'

Taxes: $10,000

814 East 16th St – Legally 2-Family + Store

(Currently configured as 4 residential units)

Residential:

 2F – $800 | 2R – $1,000 | 2 Units Vacant (1F – 1-Bedroom, 1R – Studio)

Lot: 20' x 57' | Building: 20' x 50'

Taxes: $10,000

Current Gross Income: Approx. $14,000+/month