(718) 930-7999
540 Court Street Brooklyn, New York 11231
$4,650,000
Carroll Gardens 8 Unit Mixed-Use Building
Clinton Street and Huntington Street ,
Brooklyn, NY 11231
ID# 120725
Bedrooms: 9 Bedroom Square Feet: 9020
Stories: 5 Year Built: 1931
Exterior: Brick Interior: Renovated
Lot Size: 20x90 Parking: No

Great Mixed-Use Investment Opportunity in Carroll Gardens, Brooklyn. Potential Yearly Net Operating Income: $252k. 70% Financing Available at a 4% interest rate.

  • 4 Apartments
  • 4 Ground Floor Commercial Units (can be combined)
  • Brick Construction
  • Corner Lot - 20x90
  • R6B Zoning
  • High Growth Potential
  • High End Finishes
  • PS 58 School Zone
  • Potential for Billboards and Signage Income
Unit Rent
Clinton St -2nd Fl Apt $3,000
Clinton St -3rd Fl Apt $3,200
Clinton St -4th Fl Apt $4,000
Huntington St -2nd Fl Apt $5,600

Stores (Projected)

$6,500
Cell Towers $1,700
Monthly Total $24,000
Yearly Potential Gross Income

$288,000

Expense Cost
RE Tax $23,000
Gas/Fuel $0
Insurance $5,000
Common Electric $1,000
Water / Sewer $2,500
Yearly Total Expenses $36,500

Potential NOI  

$252,000

Cap Rate

5.42%

 

Nearest Subway Stations
Smith-9th St (5 mins - 0.3 mi)
Carroll St (10 mins - 0.5 mi)