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Active - Mixed Use for sale

922 4th Avenue, Sunset Park, NY 11232, Brooklyn, NY

6,588 sqft

Facts & features

Mixed Use Property type
1064 days on Beycome
1926 Year built
$357 Price/Sqft.
1,600 sqft Lot size

Why you’ll love it

  • Fenced yard

Calling All Investors, Developers, & End-Users!!! 8 Unit Mixed-Use Building In Sunset Park For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong M1-2D Zoning, 6 Parking Spaces, High 10' Ceilings, Separate Meters, Low Property Taxes, New Boiler, New Electric, Fenced Yard, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Sunset Park 1 Block From Industry City & The Gowanus Expressway (I-278)!!! Neighbors Include BMW, Toyota, Nissan. UPS, Chase Bank, The Home Depot, TD Bank, Costco, Dunkin', NYU Langone, Holiday Inn Hotels, McDonald's, Duane Reade, Rite Aid, Micro Center, Petco, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / Home For Your Business!!! Income: Small World Money Transfer (750 Sqft.): $32,400 Ann. + $1,500 Towards Tax Bill.; 3% Ann. Inc.; Lease Exp.: 7/1/2025. They Pay 25% Of Tax Over The Base & Their Own Water. LL (1,200 Sqft.): $18,000 Ann. (Available) Unit 1 (1 Br. Apt.): $16,740 Ann.; Lease Exp.: 4/1/24. Unit 2R (1 Br. Apt.): $17,832 Ann.; Lease Exp.: 3/1/24. Unit 2F (1 Br. Apt.): $16,800 Ann.; Lease Exp.: 5/1/24. Unit 3R (1 Br. Apt.): $17,100 Ann.; Lease Exp.: 4/1/24. Unit 3F (1 Br. Apt.): $12,900 Ann.; Lease Exp.: 3/1/24. Unit 4R (1 Br. Apt.): $27,600 Ann.; Lease Exp.: 6/1/24. Unit 4F (1 Br. Apt.): $16,740 Ann.; Lease Exp.: 4/1/24. Pro Forma Gross Income: $177,612 Ann. Expenses: Gas : $1,520 Ann. (Heat + Hot Water Only For Entire Building) Electric: $0 Ann. Water + Sewer: $6,500 Ann. Maintenance + Repairs: $250 Ann. Insurance: $2,823 Ann. Taxes: $15,124 Ann. Total Expenses: $26,217 Ann. Net Operating Income (NOI): $151,395 Ann.

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

$1,530,000$3,175,000
1%20%
0%90%
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Estimated monthly payment

$13,143/mo

  • Mortgage$11,883
  • Property tax$1,260
  • HOA fee
  • Homeowners insurance
Due at closing$1,868,250
Down payment held in escrow$470,000
Closing costs$35,250
beycome credit Est.$47,000

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

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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.

$2,350,000 Listed price

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