1156 Liberty Avenue, Brooklyn, NY 11208

• 4,780 sqft

Property Description

Calling All Investors, Developers, & End-Users!!! 3 Unit 4,780 Sqft. Mixed-Use Building On Liberty Avenue In Brooklyn For Sale!!! The Property Features Excellent Signage, Great Exposure,, Strong R5/C1-2 Zoning, High 11’ Ceilings, Security System,, Low Property Taxes, 6 Parking Spaces, Separate Meters, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Cypress Hills 2 Blocks From N Conduit Ave. & Minutes From Forest Park Golf Course!!! Neighbors Include Stop & Shop, Key Food, Dunkin’, LA Fitness, Mobil, Wendy’s, Subway, Checker’s, Burger King, Dollar Tree, White Castle, IHOP, +++!!! The Property Has 17’ Of Frontage On Busy Liberty Avenue!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!! Income: 3rd Floor (Computer/Shipping Company): $36,000 Ann.; Lease Exp.: 2028. 2nd Floor (Hair Salon): $36,000 Ann.; Lease Exp.: 2029. 1st Floor (Clothing Store): $72,000 Ann. Will Be Delivered Vacant. 1st Floor (Jewelry Store 600 Sqft.): $33,000 Ann. Pro Forma Gross Income: $177,000 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $420 Ann. Insurance: $1,823 Ann. Taxes: $22,626 Ann. Total Expenses: $25,119 Ann Net Operating Income (NOI): $151,881 Ann. (8.44% Cap!!!)

Listing Status:

Active

Listing Office:

All Island Estates Realty Corp : 516-783-5600

MLS ID:

811323

Interior

• A/C: Central Air
• Heating: Natural Gas

Exterior

• Parking: Parking spaces: 6

Location

• Originating MLS: onekey2
• County: Kings (Brooklyn)

Lot

• Zoning: R4R504203-0120

Utilities

• Utilities: Natural Gas Connected
• Water: Public
• Sewer: Other

Financial

• Source: onekey2

This listing courtesy of All Island Estates Realty Corp