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- LoopNet Team
4602-4612 8th Ave
Brooklyn, NY 11220
Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Corner Lot
- Tenant Controlled HVAC
- Air Conditioning
ABOUT 4602-4612 8TH AVE , BROOKLYN, NY 11220
2007 FINAL CERTIFICATE OF OCCUPANCY FOR 6 STORES + 2 FAMILY with 100 FEET FRONTAGE ON CORNER LOT OF 8TH AVE. Currently Being Used as 4 Stores on Ground Floor with 2 Family on 2nd Floor (side by side). Store # 1 is a Frozen Yogurt Shop, Store #2 & 3 are Food/Restaurant Establishments (separate exhaust), Store #4 is Baby Products. The Residential Apts Above are Front and Rear units, Both are 2 Bedrooms and in Good Condition. BOTH Tenants Pay for Own Electric and Cooking Gas. The Front Unit has a Private Balcony and can be a Possible 3rd Bedroom in the Future. The Basement has Separate Entrance, Currently Used as Storage and Meter Room with 7’+ Ceiling Height. Total of 4 Gas Meters and 7 Electric Meters. Roof is in Good Condition. INCOME is $221,208. EXPENSE is $34,512. NET is $186,696. With New Ownership, the CAP has the Potential to Increase to 5%. Upon Closing, There is a Possibility of Up To 2 Vacancies. Please call Katie at (347) 819-4868 to Inquire More on Rent Rolls, Expenses, and Lease Expiration Dates. ALL OFFERS MUST BE SUBMITTED TO KATIEWU@KW.COM ALONG WITH PROOF OF FUNDS.
PROPERTY TAXES
| Parcel Number | 00759-0041 | Improvements Assessment | $598,500 |
| Land Assessment | $72,000 | Total Assessment | $670,500 |
PROPERTY TAXES
