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Map
$5,000,000
↓ $100K (2%)
●
Commercial -
For Sale
335 S 2nd Street
Williamsburg, NY 11211
Studio
0 Bath
$34,620
Estimated Monthly
$0
HOA / Fees
-1.99%
Cap Rate
About This Property
Calling All Investors, Developers & End-Users!!! 8.13 Cap 100%
Occupied 25 Unit Mixed-Use Building In Williamsburg For Sale!!! The
Building Features Excellent Signage, Great Exposure, 5 Stores, 6
Parking Spaces, High 10' Ceilings, Strong R6/C2-3 Zoning,
Signalized Intersection, (4) 3 Br. Apts., (8) 2 Br. Apts.,
(8) 1 Br., Full Basement, All New LED Lighting, 200 Amp, Power,
CAC, +++!!! The Property Is Located In The Heart Of Williamsburg 1
Block Off I-278 & Just Minutes From The Williamsburg Bridge!!!
Neighbors Include Starbucks, Peter Luger's Steak House, The Home
Depot, Whole Foods Market, CubeSmart Self Storage, T-Mobile, Planet
Fitness, Walgreens, Dunkin', Liberty Tax, Meineke Car Care Center,
Trader Joe's, McDonald's, IHOP, +++!!! The Building Has 345+ Feet
Of Wrap-Around Frontage On Busy S. 2nd Street, Borinquen Place &
Keap Street!!! This Property Offers HUGE Upside Potential!!! This
Could Make A Great Addition To Your Investment Portfolio Or Be The
Next Home For Your Business!!! Income:
Black Flamingo (Bar): $120,000 Ann.; Lease Exp.: 2034;
Pays 1/3 Of Taxes + 1/3 Of Water Bill. Diaz Food
Center (Grocery Store): $40,200 Ann.; Lease Exp.: 2031; $600 Ann.
Inc.; Pays 1/3 Of Taxes + 1/3 Of Water Bill. El Gran
Canario (Restaurant): $69,600 Ann.; Lease Exp.: 2034; Pays
1/3 Of Taxes + 1/3 Of Water Bill. Juice Bar & Lounge:
$39,000 Ann.; Lease Exp.: 2032; Pays 1/3 Of Taxes + 1/3 Of Water
Bill. Beauty Salon: $21,600 Ann.; Lease Exp.: 2031;
Pays 1/3 Of Taxes + 1/3 Of Water Bill. Unit 2A:
$16,500 Ann. Unit 2B: $24,000 Ann. Unit
2C: $22,200 Ann. Unit 2D: $11,544 Ann.
Unit 2E: $10,152 Ann. Unit 3A: $ 11,724 Ann.
Unit 3B: $18,444 Ann. Unit 3C: $12,624
Ann. Unit 3D: $17,880 Ann. Unit 3E:
$11,136 Ann. Unit 4A: $9,240 Ann. Unit
4B: $10,920 Ann. Unit 4C: $18,444 Ann.
Unit 4D: $18,792 Ann. Unit 4E: $9,816 Ann.
Unit 5A: $8,364 Ann. Unit 5B: $21,000 Ann.
Unit 5C: $8,016 Ann. Unit 5D: $15,240
Ann. Unit 5E: $9,204 Ann. Tax
Rebate (Paid By The Stores): $40,636 Ann. Water Rebate
(Paid By The Stores): $10,392 Ann. Expenses:
Oil: $34,987 Ann. Electric: $3,142 Ann.
(Common Area Only) Maintenance & Repairs: $5,000 Ann.
Property Super: $5,000 Ann. Insurance:
$17,680 Ann. Water: $31,442 Ann. Taxes:
$123,140 Ann. Total Expenses: $220,391 Ann.
Current Gross Income: $626,668 Ann. Net
Operating Income (NOI): $406,277 Ann. (8.13 Cap!!!)
Unit Size
-
Days on Market
76 days
Land Size
0.19 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$10,069
HOA Dues
-
Year Built
1926
Listed By
Last updated: 10 days ago (OneKey MLS #ONE3531320)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 19, 2024 | Price Decreased |
$5,000,000
↓ $100K
(2%)
|
|
Price Decreased | |||
Apr 2, 2024 | Price Decreased |
$5,100,000
↓ $288K
(5.4%)
|
|
Price Decreased | |||
Feb 12, 2024 | Listed by All Island Estates Realty Corp | $5,388,000 | |
Listed by All Island Estates Realty Corp |
Property Highlights
Exterior Details
Property Information
Square Footage : 20700
Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 1926
Building Information
Building Area Units: Square Feet
Lot Information
Lot Size Acres: 0.19
Lot Size Square Feet: 8258
Lot Size Dimensions: 113x73.08
Financial Details
Tax Annual Amount: $120,825
Location Details
Directions: Beringer to 2nd Street
County or Parish: Brooklyn
Other Details
On Market Date: 2024-02-12
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Townhouse
6
Beds
6
Baths
6,800 ft²
$691/ft²
$4,700,000
May 26, 2015
$4,700,000
Jan 20, 2016
$667/mo
Condo
3
Beds
3
Baths
4,043 ft²
$1,138/ft²
$4,600,000
Feb 15, 2023
$4,600,000
Apr 27, 2023
$1,310/mo
House
3
Beds
3
Baths
4,652 ft²
$989/ft²
$4,600,000
Sep 11, 2018
$4,600,000
May 10, 2019
-
Townhouse
14
Beds
14
Baths
6,500 ft²
$692/ft²
$4,500,000
May 5, 2022
$4,500,000
Aug 23, 2022
-
Multifamily
5
Beds
6
Baths
3,775 ft²
$1,166/ft²
$4,400,000
Apr 25, 2019
$4,400,000
Feb 27, 2020
-
Active
Townhouse
4
Beds
4
Baths
4,000 ft²
$1,250/ft²
$5,000,000
Nov 21, 2023
-
$377/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
335 South 2nd Street
335 South 2nd Street, Brooklyn, NY 11211
- 25 Units
- 1 Unit for Sale