$2,888,000
↓ $562K (16.3%)
●
Commercial -
For Sale
5904 Foster Avenue
Bergen Beach, NY 11234
Studio
0 Bath
$17,706
Estimated Monthly
$0
HOA / Fees
-0.74%
Cap Rate
About This Property
Calling All Investors, Developers & End-Users!!! 7,200 Sqft.
Warehouse With R5 Zoning Situated On A 10,250+ Sqft. Corner Lot For
Sale!!! The Building Features Excellent Signage, Great Exposure,
Strong R5 Zoning, High 16' Ceilings, 23 Parking Spaces, Private
Gated Parking Lot, 3 Phase Power, Sprinklers, Accessible Parking &
Bathrooms, 3 Drive-In Doors, Security System, All New LED Lighting,
CAC, +++!!! The Building Has A Public Assembly Permit & Is
Currently Home To A House Of Worship!!! Neighbors Include
Starbucks, Ford, Volkswagen, Mitsubishi, Chase Bank, U-Haul, Public
Storage, Target, Staples, Optimum, AutoZone, CVS, 7-Eleven,
Dunkin', Pathmark, Key Food, PetSmart, Amoco, BP, Planet Fitness,
Enterprise Rent-a-Car, Taco Bell, McDonald's, Subway, Wendy's,
Dollar Tree, IHOP, KFC, +++!!! The Property Is Located In
The Heart Of Brooklyn Between Kings Hwy. & Flatlands Ave. Minutes
From Canarsie Park!!! The Entire Property Can Be Delivered Vacant
If Need Be. This Property Offers HUGE Upside Potential!!! This
Could Be Your Next Development Site / Or Home For Your Business!!!
Income: Warehouse(7,200 Sqft.): $320,000 Ann.
NNN. (Available) Pro Forma Gross Income: $320,000 Ann.
Expenses: Gas: $0 Electric: $0
Insurance: $3,283 Ann. Maintenance/ Repairs: $0
Ann. Taxes: $45,301 Ann. Water: $0 Ann. Total
Expenses: $48,584 Ann. Gross Income: $320,000 Ann.
Net Operating Income (NOI): $271,416 Ann. (Pro Forma
9.4 Cap!!!)
Unit Size
-
Days on Market
213 days
Land Size
0.39 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$3,525
HOA Dues
-
Year Built
1959
Listed By
Last updated: 2 days ago (OneKey MLS #ONE3508745)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
May 2, 2024 | Price Decreased |
$2,888,000
↓ $562K
(16.3%)
|
|
Price Decreased | |||
Oct 30, 2023 | Price Decreased |
$3,450,000
↓ $200K
(5.5%)
|
|
Price Decreased | |||
Oct 4, 2023 | Listed by All Island Estates Realty Corp | $3,650,000 | |
Listed by All Island Estates Realty Corp | |||
Dec 26, 2014 | Sold to Triple Cs Ventures Llc | $2,200,000 | |
Sold to Triple Cs Ventures Llc |
Property Highlights
Exterior Details
Property Information
Square Footage : 7200
Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 1959
Building Information
Building Area Units: Square Feet
Lot Information
Lot Size Acres: 0.39
Lot Size Square Feet: 17048
Lot Size Dimensions: 123.1x138.49
Financial Details
Tax Annual Amount: $42,302
Location Details
Directions: E. 59th Street @ Foster Avenue
County or Parish: Brooklyn
Other Details
On Market Date: 2023-10-04