$7,200,000
340-356 Junius Street, located in Brownsville A rare mixed-use investment opportunity in a thriving Brooklyn neighborhood. Situated on a substantial 15,000 sq. ft. lot, the building offers a total of 23,400 sq. ft. of usable space across two floors. Zoned M1-1, the property allows for a variety of industrial, commercial,… Read More and community facility uses. Dollar Tree, a national credit tenant, occupies a portion of the building under a 15-year lease at $27,000/month. Dollar Tree pays its own utilities and contributes no real estate taxes as part of their lease structure. Unit 1 (2,500 Sqft) leased as a church $3,500/month (no lease) and unit 2 (4,000 Sqft) is leased as a school $6,000/m (no lease). Also 2 available units offer tenant potential $5,000/m each. All spaces have separate meters. Potential Gross Income: $558,000; Potential Net Income: $458,000; Expenses: approximately $100,000 (tax, repairs, water & utilities). Current property taxes are $66,714.20 with 12 years remaining on a tax abatement. The property is conveniently located near the 1, 2, and 3 train stations, with parking available in multiple spots next to the property and a supermarket directly across the street. Read Less
Courtesy of Emily Hui Chen-Liang, Tiger Realty 917-708-9966
Listing Snapshot | Source HomeJunction
Days Online
6
Last Updated
Property Type
Commercial
Square Ft.
23,400
Lot Size
0.34 Acres
MLS Number
501816
30 Days Snapshot Of 11212
$878k
0%
(avg) sold price
0
-100%
homes sold
374
0%
(avg) days on market
Snapshot
Area Map
Additional Details | Source HomeJunction
Appliances & Equipment
Equipment included: call Agent
Building
23,400 total sqft, 4 ac units, 1 story
Expenses
Gross expense: $100,000, Insurance expense: $15,000, Utility expense: $3,000
Foundation
Poured Concrete
Income
Gross income: $558,000, Net operating income: $458,000
Lot
15,000 Sqft, Length: 100, Width: 150
Property
Zoning: M1-1
Taxes
Tax amount: $66,714
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Mortgage Calculator | Source Home Junction
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Emmanuel Victor
CEO & Broker
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