940 Madison Street
Brooklyn, NY 11221
United States
This is a four story mixed use vacant corner building in a great location.
The grocery store has great exposure, they get customers from the east, west and south side of the street. They also occupy the basement, the rent is $5,500 per month and the lease expires in 5/24/25. The second floor is a two-bedroom floor through apartment. The apartment has a full kitchen and bathroom. The unit has 10’ ceilings and gets great sunlight. The rent is $2,500 and they are on a month to month basis. The third floor is a two-bedroom floor through apartment. The apartment has a full kitchen and bathroom. The unit has 10’ ceilings and gets great sunlight. The rent is $2,500 and they are on a month to month basis. The third floor is a two-bedroom floor through apartment. The apartment has a full kitchen and bathroom. The unit has 10’ ceilings and gets great sunlight. The rent is $2,500 and they are on a month to month basis. Income: Unit Description Unit Type Rev Projected Store: Store Commercial $5,500 $6,500 Second Floor: 1 2 Bd Apt Free Market $2,500 $3,500 Third Floor: 2 2 Bd Apt Free Market $2,500 $3,500 Fourth Floor: 3 2 Bd Apt Free Market $2,500 $3,500 Monthly Income: $13,000 $17,000 Annual Income: $156,000 $204,000 Expenses: Real Estate Taxes: $17,129.76 Water & Sewer: $3,200.00 Insurance: $2,700.00 Heat (Gas): $3,200.00 Electric: (common areas) $1,200.00 Repairs & Maintenance: Total Annual Expenses $2,300.00 $29,729.76 Net Operating Income: $174,270.24 CAP RATE: 8.3%
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Setup of the property (638.5 KB) | 638.5 KB |
Setup, of the property (638.5 KB) | 638.5 KB |