2300000.00 Dollar US$ knickerbocker avenue brooklyn new york

 Mixed Use





Location: East side of Knickerbocker Ave between Jefferson and Troutman  Street

 Lot Size: 25’ x 100’

Building Size: Basement: 25’ x 60’ = 1,500 sq. ft.

Ground Floor: 25’ x 60’ = 1,500 sq. ft.

2nd Floor: 25’ x 60’ = 1,500 sq. ft.

3rd Floor: 25’ x 60’ = 1,500 sq. ft.

Stories: Three (3) Plus Basement

Gross Square Feet: 4,500 (Approximately) Above Grade

Zoning: (FAR)

Total Buildable Sq. Ft: Total Available Air Rights:

R6: (2.43) with a C1-3 Overlay (2.0) 6,075


Real Estate Taxes: $10,174.36

Description: A 25’ wide 4 unit three story mixed use building. The property has  two stores on the ground floor and four two-bedroom apartments

above. The units are two per floor and are railroad style, which gives

them great sunlight to the front and back of the apartments. The units

are individually metered for cooking gas and electric. All the meters

are in the basement.

The property is a prime investment opportunity because an

investor can charge the tenants more rent by renovating the

apartments when they become vacant and the common areas.

Renovated two bedroom apartments are renting for $2,500 and the

stores are worth $3,500 per month. The investor can also give each

unit their own boiler and water heater. The store also makes the

property a great user opportunity, a user can use the stores when the

lease expires and live in one of the apartments above.


Unit Description Unit Type Revenue LXP

Ground Floor:

Restaurant   Store




$2,500.00 $2,500 pro

12/22 Vacant

Second Floor: 1 2

2 Bedroom Apt 2 Bedroom Apt

Free Market Free Market

$1,200  $1,200

Mo-Mo Mo-Mo

Third Floor: 3 2 Bedroom Apt Free Market $1,200 Mo-Mo 4 2 Bedroom Apt Free Market $600 Mo-Mo Monthly Inc: $9,200.00 Annual Inc: $110,400



Real Estate Taxes: $10,174.36

Water & Sewer: $3,800.00

Insurance: $3,500.00

Heat (Gas): $2,750.00

Electric: (common areas) $1,200.00

Repairs & Maintenance: Total Annual Expenses

$1,800.00  $23,224.36

Net Operating Income: $87,175.64 CAP RATE: 3.8%

ASKING PRICE: $2,300,000


k val d 1

  •  Published date: January 8, 2021
  •  Region: New York
  •  City: new york
  •  Address: Knickerbocker Avenue
  •  Phone number: Brooklyn
  •  Views: 25

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