38 West 39th Street

New York, NY 10018

212-581-3003

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Brooklyn, NY Investment Property, Brighton Beach Area

Brooklyn, NY, USA

Brooklyn, NY Investment Property, Brighton Beach Area

Brooklyn, NY, USA

Description

52,000 sf,   Cap Rate: 9.0% , Zoning: C8-2, 52,000 SF, 2-story, elevatored commercial building on the busy block create non-stop pedestrian and automobile traffic. The property generates nearly $1,100,000 in gross income and with a net income of $874,000 the offering price represents a 9.0% capitalization rate. A savvy investor may see added value in approximately 20,000 SF of air rights the C8-2 zoning allows.

Details

Updated on June 12, 2020 at 8:43 am
  • Property Size: 52000 sf
  • Property Type: Investment Properties
  • Property Status: For Sale
  • Price: per square foot
  • City New York
  • Area Brooklyn

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