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245 S 1st St 2,300 SF 100% Leased Retail Building Brooklyn, NY 11211 $2,300,000 ($1,000/SF) 6.75% Cap Rate
Executive Summary
Prime location In Williamsburg. Mixed use Retail with 2 residential unit with one bedroom each and are currently $4500 & $3500. Bar tenant pays $5000.00 has 7 years remaining. Fully renovated vacant apartments free market building rented $4500 & $4000
Gross Rent $168,000
Gross Rent $168,000
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,300 SF
Building Class
C
Year Built/Renovated
1910/2008
Price
$2,300,000
Price Per SF
$1,000
Cap Rate
6.75%
NOI
$155,250
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.79
Lot Size
0.03 AC
Zoning
R6 - 1-Family With 1 Store or Office
Frontage
Amenities
- Courtyard
- Restaurant
- Security System
- Storage Space
- Air Conditioning
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02395-0128 | Improvements Assessment | $146,100 |
| Land Assessment | $11,280 | Total Assessment | $157,380 |
Property Taxes
Parcel Number
02395-0128
Land Assessment
$11,280
Improvements Assessment
$146,100
Total Assessment
$157,380
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245 S 1st St
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