$3,550,0007702 13th AvenueBrooklyn, New York, 11228
LISTED BY
Exit Realty Top Properties
Primary Features
- Lot Size Square Feet: 4000 sqft.
- Property Type: Commercial Sale
- Property Sub Type: Retail
- Year Built: 1931
Other Features
- Flooring: Tile
- Foundation Details: Poured Concrete
- Heating: Gas
- Parking Features: 4 Spaces
- Roof: Flat
- Utilities: n/a
Location
- Street Address: 7702 13th Avenue
- City: Brooklyn
- State: New York
- Postal Code: 11228
- Zoning: R5B
Pricing & Sale Info
- List Price: $3,550,000
- Tax Annual Amount: $47,931
- MLS#: 465631
- Last Change Timestamp: May 28, 2023
- Source MLS: Brooklyn New York MLS
About This Property
Investors, great opportunity Buildings for sale as a package with 7702-7706 13th Avenue. Both buildings have a triple net lease and approx 5% cap rate. Excellent investment opportunity in prime Dyker Heights location. Corner brick building was updated with a lot of amenities.
7702 13th Avenue building has four parking spots in rear which are rented separately from tenant. Chase Bank has a lease 13 years with 3 years left & 5 + 5 years Options. Every 5 years increment of rent 10%. Yearly rent is $221,400 plus tenant paying 90% of building tax. Yearly gross income of this building is $275,331.. Both building has HVAC system. Landlord responsible for roof, wall, & building insurance, water & Gas which is approximately $15,000 yearly for both buildings and total tax for both buildings is $71,319. Two parking spots produce yearly income $6,000. Gross Income for both buildings approximately $405,331.00.
Don’t miss an opportunity. Call listing agent for more details.
