Check Availability
$3,450,000
↓ $200K (5.5%)
House - For Sale

5904 Foster Avenue

Bergen Beach, NY 11234
bedrooms
Studio
bathrooms
0 Bath
$20,466
Estimated Monthly
$0
HOA / Fees
-0.37%
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 7.87 Cap!!!)
Unit Size
-
Days on Market
209 days
Land Size
0.39 acres
Price per sqft
-
Property Type
House
Property Taxes
$3,525
HOA Dues
-
Year Built
1959
Listed By
Richard Matt Shane
All Island Estates Realty Corp
Last updated: 5 months ago (OneKey MLS #ONE3508745)

Price History

Date / Event Date Event Price
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
Oct 5, 2018 No longer available -
No longer available
Aug 31, 2018 Listed $3,400,000
Listed
An Amazing Corner Lot, Commercial Space In A Busy Area In Canarsie. This Commercial Space Has The Luxury Of Having A Gated, Secured Open Parking Area Of 3,000 Sqft. A Must See Property.
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

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
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20180831
08/31/2018
Studio
-
-
-
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

5904 Foster Avenue 5904 Foster Avenue, Brooklyn, NY 11234
  • 3 Units
  • 1 Unit for Sale
More about this Building
5904 Foster Avenue
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