Check Availability
$2,888,000
↓ $562K (16.3%)
Commercial - For Sale

5904 Foster Avenue

Bergen Beach, NY 11234
bedrooms
Studio
bathrooms
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
Richard Matt Shane
All Island Estates Realty Corp
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

Building Info

Overview

    General

  • Year Built: 1959
  • Building Count: 1
  • Floor Count: 1
  • Total Unit Count: 3
  • Basement Type: 0

    Dimensions

  • Lot Area Sqft: 10,259
  • Lot Size Depth Feet: 138
  • Lot Size Frontage Feet: 123
  • Building Depth: 108
  • Building Frontage: 123
  • Gross Building Area: 7,200

    Building Floor Area

  • Commercial Building Floor Area: 7,200
  • Garage Building Floor Area: 1,800
  • Factory Building Floor Area: 3,400
  • Storage Building Floor Area: 2,000

    Floor Area Ratio

  • Built Floor Area Ratio: 1
  • Residential Floor Area Ratio: 1
  • Facilities Floor Area Ratio: 2

Building

  • Building Type: M9
  • Lot Type: 3
  • Land Use: 08
  • Irregular Lot Code: Y
  • Proximity Code: 1
  • Extension Code: N

Neighborhood

  • Community District: 318
  • City Council District: 45
  • Police Precinct: 63
  • Fire Company: E310
  • Health Area: 7420
  • Sanitation District Borough: 3
  • Sanitation Subsection: 5C
  • School District: 18

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R5

Geography

  • Borough Name: BK
  • Borough Code: 3
  • Block: 7955
  • Lot: 1
  • Borough Block Lot: 3079550001

    Address

  • Full Address: 5904 Foster Avenue
  • Zip Code: 11234

Valuation

    Assessments Valuation

  • Assessed Total Value: $350,100
  • Assessed Land Value: $103,950

    Exemptions

  • Exempt Total Value: $0
  • Exempt Land Value: $0

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
7 Beds
4 Baths
2,880 ft²
$1,042/ft²
$3,000,000 Apr 17, 2023
$3,000,000 Jun 26, 2023
-

About Southeastern Brooklyn


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Frequently Asked Questions

When was property at 5904 Foster Avenue built and last sold?
The property at 5904 Foster Avenue was built in 1959 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5904 Foster Avenue is $3,484,500.
What are some comparable homes to 5904 Foster Avenue?
Homes that are comparable to 5904 Foster Avenue include a multifamily property at 1504 Carroll Street, located in Brooklyn, NY.

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