747 Flushing Avenue, Brooklyn, NY 11206

MIXED-USE BUILDING FOR SALE IN EAST WILLIAMSBURG BROOKLYN - BROADWAY TRIANGLE    PROPERTY OVERVIEW:  Mixed-Use Building with 1 store and 2 apartments on the second and third floors.  Lot Size: 21.33 x 83.25  Building: 21.33 x 60  BUILDING: 3,843 Sq. Ft. w/ an allowance to build an additional 1,838 Sq. Ft.  Basement includes storage space, and a boiler room with separate access.  All tenants responsible for their own utilities.  Separate electric meters and two separate boilers for residential tenants.  Favorable low taxes $4,318  Conveniently situated across the street from Woodhull Hospital.  Half a block from the J & M trains - Flushing Avenue Station. B43 & B57 Buses.    PROJECTED MARKET RENTS with NEW LEASES: (currently no leases on residential units)  3-bedroom apartment: $5,100; Current rent $2,100  3-bedroom apartment: $5,100; Current rent $2,100  Commercial/Restaurant: $5,000 (5 year Lease w/ 3% annual increase); Current rent $5,000 w/3% annual increase.    Annual Expense:  Taxes $4,318  Water $2,000  Electric $3,600  Insurance $5,000  Total $14,918    Projected Total Income: $15,200  Annual Income: $182,400  Less Expenses: 14,918  Projected NOI: $167,482  Projected Cap Rate: 6.7%    HPD APPROVED A MASS DEVELOPMENT PROJECT IN BROADWAY TRIANGLE OF NEARLY 400 APARTMENTS. GREAT OPPORTUNITY AWAITS IN THIS SECTOR OF BROOKLYN.