Description
Calling All Investors, Developers & End-Users!!! 7.15 Cap 100% Occupied Free Market Mixed-Use Corner Building For Sale!!! Built In 2006 The Building Features Great Exposure, Excellent Signage, 6 Parking Spaces, CAC, All New LED Lighting, +++!!! Located In The Heart Of Cypress Hills Two Blocks From M-Train Station!!! Neighbors Include McDonald's, Dunkin', Planet Fitness, Dollar Tree, Wendy's, Popeye's, Domino's, Advance Auto Parts, +++!!! 2274 Pitkin Ave. Is Located On The Corner At The Lighted Intersection Of Busy Pitkin Ave. & Schenck Ave.!!! The Property Has A Daily Traffic Count Of 14,500+ Vehicles Per Day!!! The Property Recently Had Over $50,000 Of Renovations Done!!! This Could Be Your Next Development Site/ Investment Property/ Home For Your Business!!! Income: 1st Floor (House of Worship): $32,400 Ann. Lease Exp.: 12/1/24; 3% Ann. Inc. 2nd Floor 3 Br. Apt.: $31,200 Ann. Lease Exp.: 5/1/24; 4% Ann. Inc. 3rd Floor 3 Br. Apt.: $26,400 Ann. M-M. Gross Income: $110,000 Ann. Expenses: Gas: $0 Ann. Maintenance & Repairs: $250 Ann. Water: $2,400 Ann. Insurance: $2,500 Ann. Taxes: $8,272 Ann. Total Expenses: $13,422 Ann. Net Operating Income (NOI): $96,578 Ann. (7.15 Cap!!!)
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Attribution contact: 516-783-5600
Listing Office: All Island Estates Realty Corp
