3379-3381 Shore Pky
Brooklyn, NY 11235
Office Property For Sale

Calling All Investors, Developers & End-Users!!! 6.52 Cap 100% Occupied 6 Unit, 15,780 Sqft. Warehouse/ Office Building For Sale Asking Only $189 Per Sqft.!!! Situated On A Large 7,217 Sqft. Lot The Property Features High Ceilings, Excellent Signage, Great Income (Gross Income: $231,844), Loading Dock, Private Driveway With Electronic Gate, Solid Tenants, 3 Phase Power, +++!!! This Property Makes For An Unbelievably Good Development Site As It’s Located A Block Away From Sheepshead Bay & Only A Few Blocks Away From Manhattan Beach & Sheepshead Bay Subway Station. Up To 3,700 Sqft. Can Be Delivered Vacant If Need Be. Gross Income: $244,153 Dental Lab: $85,000 Ann. 3% Ann. Increases; They Tenant To Sign A Lease For 2-5 Years; Can Be Delivered Vacant If Need Be (2,500 Sqft.) Adult Day Care: $72,000 Ann.; Lease Exp. 8/1/2024, They Have An Additional 5 Year Option That’d Bring Their Lease Out To 8/1/2029; 3% Ann. Increase (2,500 Sqft.) Contractor Storage: $6,000 Ann.; Lease Exp. 2/1/2022; 3% Ann. Increase (800 Sqft.) Electrician Storage: $6,180 Ann.; Lease Exp. 2/1/2022, 3% Ann. Increase (800 Sqft.) Bakery: $24,000 Ann.; M-M; They Want A Lease (1,200 Sqft.) Shipping Company: $50,973 Ann.; Lease Exp. 10/1/2022; 3% Ann. Increase (2,000 Sqft.) Expenses: Taxes: $41,000 Gas: $0 Electric: $0 Maintenance & Repairs: $250 Water: $3,600 Total Expenses: $49,450 Net Operating Income (NOI): $194,703 (6.52 Cap)