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Posted: Tuesday, June 6, 2017 1:27 PM

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Richard Dipietro - (347) 809-5192

License# 10401232124


Multifamily Property For Sale

East Flatbush Mixed Use Corner Property For Sale

4722 Avenue D, Brooklyn, NY 11203

Price: $1,470,000
No. Units: 4
Building Size: 3,000 SF
Price/Unit: $367,500
Property Type: Multifamily
Property Sub-type: Garden/Low-Rise
Additional Sub-types: Restaurant
Street Retail
Property Use Type: Investment
Commission Split: 2%
Cap Rate: 5%
No. Stories: 2
Year Built: 1931
Lot Size: 2,000 SF
APN / Parcel ID: 4778-10
Last Verified: 2/28/2017
Listing ID: 20202626


Highlights

  • Actual Financials: $84,336 gross revenue / $73,636 Net Income / 5% Cap Rate
  • 3 Residential units totaling 2,250 SF, 1 commercial unit 750 SF and 3 garages
  • 7 years remaining on commercial lease with 5% annual increases
  • Recent renovations: Converted partial commercial unit to residential use, new façade, plumbing and mechanical

Description

Coldwell Banker Reliable Commercial Division is pleased to offer 4722 Avenue D for sale. A 4 unit mixed use corner property located in the East Flatbush neighborhood of Brooklyn NY. The property features 3 Residential units totaling 2,250 SF, 1 commercial unit 750 SF and garage 500 SF.

East Flatbush is a residential neighborhood in the New York City borough of Brooklyn. The area is part of Brooklyn Community Board 17.
-Walking distance to Utica Avenue and Kings Highway, major retail corridors.
-Nearby amenities include shops, dining, religious facilities, medical centers, schools, daycares, banks, supermarkets and more.
-Near P.S 208. Over 500 students.
-Nearby public Transportation. Walking distance to the B8 / B46 / B46 SBS Buses and the 2 & 5 Trains.


Richard Dipietro - (347) 809-5192

License# 10401232124


The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.

CJ6DL9M

4722 Ave D, 11203    google map | yahoo map

• Location: Brooklyn, East Flatbush

• Post ID: 94736578 brooklyn
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