268 Bay Ridge Avenue Brooklyn NY 11220 MLS #493753

Investor’s Delight Introducing the new construction units with two commercial stores, one community facility plus ten indoor parking spots for sale in Bay Ridge. Store #S1 which is 2970 sqft and is current leased as a a Tae Kwon Do school which is paying $ 5,227 monthly, common charge $959.68, property tax $7,347.44. Store # S2 which is 2292 sqft and is a bakery, it pays $3,500 with 3%yearly increase, common charge $751, property tax $5,761 yearly. Store #CF which is 1200 sqft, it is leased as a storage, it pays $2,060, common charge $289 and property tax $771 yaerly. Triple net leases for store # S1, S2 and #CF. The seller is paying common charge for ten parking spot for $3,360, $743 and property to insurance premium of $3,050 only. The building is generating net yearly income of $ 164,291 which is 5% cap rate. The seller is willing to offer owner’s financing with 35% down payment. You would start making income as soon as you close the deal.