Log In/Sign Up
Your email has been sent.
992-994 Broadway 992 Broadway 8,271 SF 100% Leased Retail Building Brooklyn, NY 11221 For Sale
Investment Highlights
- Large Residential Unit Layouts: Corner exposure allows for ideal unit layouts, with upper floors consisting of four floor-through 4 Bedroom / 4 Bath
- Strong Cash Flow: Currently grossing $400K with low taxes and separate utilities, resulting in healthy net operating income of $335K
- Available Air Rights: The properties are zoned C4-4L (R7A residential equivalent), with 7,250+ SF of unused air rights for upward or outward expansion
- 100% Free Market: The subject property is fully free-market with no history of rent stabilization or rent control
- Renovated With High-End Finishes: The buildings are fully renovated with high-end appliances and fixtures, dishwashers, central air, in-unit laundry
- Transit Oriented Location: The J / M / Z trains are just two blocks away at Myrtle Avenue with access to Lower Manhattan and Broadway Junction
Executive Summary
Broker of Record
Cory Rosenthal
License # 10311210106, 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Cory Rosenthal
License # 10311210106, 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,271 SF
Building Class
C
Year Built
2016
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.80
Lot Size
0.05 AC
Zoning
C4-4L - General Commercial Contextual Zoning district
Amenities
- Bus Line
- Commuter Rail
- Metro/Subway
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Relax Body Care Spa
- Arts, Entertainment, and Recreation
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Relax Body Care Spa | Arts, Entertainment, and Recreation | - | - | - |
Exceptionally walkable
90/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01590-0013 | Improvements Assessment | $199,020 |
| Land Assessment | $31,260 | Total Assessment | $230,280 |
Property Taxes
Parcel Number
01590-0013
Land Assessment
$31,260
Improvements Assessment
$199,020
Total Assessment
$230,280
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
992-994 Broadway | 992 Broadway
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.