38 West 39th Street
New York, NY 10018
212-581-3003
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Brooklyn, NY Investment Property, Brighton Beach Area
Brooklyn, NY Investment Property, Brighton Beach Area
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
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