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1156 Liberty Ave 4,780 SF 100% Leased Office Building Brooklyn, NY 11208 $1,800,000 ($376.57/SF) 8.44% Cap Rate
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers, & End-Users!!! 3 Unit 4,780 Sqft. Mixed-Use Building On Liberty Avenue In Brooklyn For Sale!!!
- The Property Is Located In The Heart Of Cypress Hills 2 Blocks From N Conduit Ave. & Minutes From Forest Park Golf Course!!!
- This Property Offers HUGE Upside Potential!!!
- The Property Features Excellent Signage, Great Exposure,, Strong R5/C1-2 Zoning, High 11’ Ceilings, 6 Parking Spaces, 200 Amp Power, CAC, +++!!!
- Neighbors Include Stop & Shop, Key Food, Dunkin’, LA Fitness, Mobil, Wendy’s, Subway, Checker’s, Burger King, Dollar Tree, White Castle, IHOP, +++!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers, & End-Users!!! 3 Unit 4,780 Sqft. Mixed-Use Building On Liberty Avenue In Brooklyn For Sale!!! The Property Features Excellent Signage, Great Exposure,, Strong R5/C1-2 Zoning, High 11’ Ceilings, Security System,, Low Property Taxes, 6 Parking Spaces, Separate Meters, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Cypress Hills 2 Blocks From N Conduit Ave. & Minutes From Forest Park Golf Course!!! Neighbors Include Stop & Shop, Key Food, Dunkin’, LA Fitness, Mobil, Wendy’s, Subway, Checker’s, Burger King, Dollar Tree, White Castle, IHOP, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!!
Income:
3rd Floor (Computer/Shipping Company): $36,000 Ann.; Lease Exp.: 2028.
2nd Floor (Hair Salon): $36,000 Ann.; Lease Exp.: 2029.
1st Floor (Clothing Store): $72,000 Ann. Will Be Delivered Vacant.
1st Floor (Jewelry Store 600 Sqft.): $33,000 Ann.
Pro Forma Gross Income: $177,000 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $420 Ann.
Insurance: $1,823 Ann.
Taxes: $22,626 Ann.
Total Expenses: $25,119 Ann
Net Operating Income (NOI): $151,881 Ann.(8.44% Cap)!!!
Income:
3rd Floor (Computer/Shipping Company): $36,000 Ann.; Lease Exp.: 2028.
2nd Floor (Hair Salon): $36,000 Ann.; Lease Exp.: 2029.
1st Floor (Clothing Store): $72,000 Ann. Will Be Delivered Vacant.
1st Floor (Jewelry Store 600 Sqft.): $33,000 Ann.
Pro Forma Gross Income: $177,000 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $420 Ann.
Insurance: $1,823 Ann.
Taxes: $22,626 Ann.
Total Expenses: $25,119 Ann
Net Operating Income (NOI): $151,881 Ann.(8.44% Cap)!!!
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$177,000
|
$98.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$177,000
|
$98.33
|
| Taxes |
$22,626
|
$12.57
|
| Operating Expenses |
$2,493
|
$1.39
|
| Total Expenses |
$25,119
|
$13.96
|
| Net Operating Income |
$151,881
|
$84.38
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $177,000 |
| Annual Per SF | $98.33 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $177,000 |
| Annual Per SF | $98.33 |
| Taxes | |
|---|---|
| Annual | $22,626 |
| Annual Per SF | $12.57 |
| Operating Expenses | |
|---|---|
| Annual | $2,493 |
| Annual Per SF | $1.39 |
| Total Expenses | |
|---|---|
| Annual | $25,119 |
| Annual Per SF | $13.96 |
| Net Operating Income | |
|---|---|
| Annual | $151,881 |
| Annual Per SF | $84.38 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
4,780 SF
Building Class
C
Year Built/Renovated
1920/2010
Price
$1,800,000
Price Per SF
$376.57
Cap Rate
8.44%
NOI
$151,881
Percent Leased
100%
Building Height
3 Stories
Typical Floor Size
1,593 SF
Building FAR
2.68
Lot Size
0.04 AC
Zoning
R5/C1-2
Parking
6 Spaces (1.26 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Security System
- Signage
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (89)
Transit Score®
Rider's Paradise (91)
PROPERTY TAXES
| Parcel Number | 04203-0120 | Total Assessment | $248,850 |
| Land Assessment | $29,250 | Annual Taxes | $22,626 ($4.73/SF) |
| Improvements Assessment | $219,600 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
04203-0120
Land Assessment
$29,250
Improvements Assessment
$219,600
Total Assessment
$248,850
Annual Taxes
$22,626 ($4.73/SF)
Tax Year
2025
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1156 Liberty Ave
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