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Active - Mixed Use for sale

5904 Foster Avenue, Bergen Beach, NY 11234

7,200 sqft

Facts & features

Mixed Use Property type
1064 days on Beycome
1959 Year built
$507 Price/Sqft.
17,048 sqft Lot size

Why you’ll love it

  • Gated
  • Corner lot

Calling All Investors, Developers & End-Users!!! 7,200 Sqft. Warehouse With R5 Zoning Situated On A 10,250+ Sqft. Corner Lot For Sale!!! The Building Features Excellent Signage, Great Exposure, Strong R5 Zoning, High 16' Ceilings, 23 Parking Spaces, Private Gated Parking Lot, 3 Phase Power, Sprinklers, Accessible Parking & Bathrooms, 3 Drive-In Doors, Security System, All New LED Lighting, CAC, +++!!! The Building Has A Public Assembly Permit & Is Currently Home To A House Of Worship!!! Neighbors Include Starbucks, Ford, Volkswagen, Mitsubishi, Chase Bank, U-Haul, Public Storage, Target, Staples, Optimum, AutoZone, CVS, 7-Eleven, Dunkin', Pathmark, Key Food, PetSmart, Amoco, BP, Planet Fitness, Enterprise Rent-a-Car, Taco Bell, McDonald's, Subway, Wendy's, Dollar Tree, IHOP, KFC, +++!!! The Property Is Located In The Heart Of Brooklyn Between Kings Hwy. & Flatlands Ave. Minutes From Canarsie Park!!! The Entire Property Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / Or Home For Your Business!!! Income: Warehouse(7,200 Sqft.): $320,000 Ann. NNN. (Available) Pro Forma Gross Income: $320,000 Ann. Expenses: Gas: $0 Electric: $0 Insurance: $3,283 Ann. Maintenance/ Repairs: $0 Ann. Taxes: $45,301 Ann. Water: $0 Ann. Total Expenses: $48,584 Ann. Gross Income: $320,000 Ann. Net Operating Income (NOI): $271,416 Ann. (Pro Forma 7.44 Cap!!!)

Translating description...

Listed by: Richard Matt Shane • matthewshane8828@gmail.com • All Island Estates Realty Corp

Co-listed by: All Island Estates Realty Corp

Come see by yourself

Affordability

$2,375,000$4,930,000
1%20%
0%90%
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Estimated monthly payment

$21,982/mo

  • Mortgage$18,456
  • Property tax$3,525
  • HOA fee
  • Homeowners insurance
Due at closing$2,901,750
Down payment held in escrow$730,000
Closing costs$54,750
beycome credit Est.$73,000

Beycome estimates only. Actual amounts and terms vary by lender and location.

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About Bergen Beach

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Flood & climate risk

FEMA Flood Zone X

Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.

More details

Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided.

$3,650,000 Listed price

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$73,000 Credit back

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