235 Berry St
Brooklyn, NY 11249
Office Property For Sale

241 Berry St & 124 N 1st St: Prime brick four story building with adjacent vacant lot to build on. 241 Berry St: Built 88x44, 15,488 SF. 3,872 SF open floor plates with 30 windows across each floor. High ceilings on each floor - 12’ feet. 3 adjacent 12’ foot vacant retail spaces on the ground floor, All units are submetered. Built 88x44, 15,488 SF. Priced to sell, this building also has a windowed basement which is partially above grade and has 8’ ceilings perfect for accessory retail or residential. Current Rent: To start collecting rent, one needs to make the building legal and get C/O. 95% of the work to the apartments is done. For building, need to do some the following: (as per plans) 1)Elevator Upgrade 2)Ramp’s for the first floor. 3)Double sheet rock the basement. 4)Skylight above the common stairwell. 5)Install a bulkhead roof There’s an active work permit. Building is already sprinklered and has ACP-5. Rent Roll: 1A 832 sq.ft. - $2348/mo 3W 1412 sq.ft. - $2,527.00/mo 3E 1802 sq.ft. - $2650/mo 4W 1480 sq.ft. - $3,602.94/mo 4E 1790 sq.ft. - $2,358.29/mo 1st floor: 2,800 vacant retail space. 3 adjacent spaces. 2nd Fl: 3,300 SF vacant. Existing Income, total: $13,486.23 Expenses: Taxes - $97,380 Insurance - $10,000 Electric - $1500 Total: $108,880 Projected for ground floor and second floor: $38,000/month. Total projected income: $618,000 ICAP Potential 124 North 1st St: Taxes - $5,365 25x65.67 R6B vacant lot, 3,284 BSF Condo's/Townhouses selling at arounf $1500 PSF nearby. 138 N 1 sold for over $1400 PSF.