Excellent/Rare investment opportunity or for running your own business! Four (4) commercial condo units are selling as a package deal in Prime Sunset Park Neighborhood. It includes 1 store and 3 community facilities. Store unit C2 has 725 SF is currently vacant with projected rent income $2000-$2200 per month. The three community facility units (M1/M2/M3) with total of 2958 SF are being rented to an adult day care center for $4100 per month. The overall maintenance per month is $1475 and annual property tax is $5381. The maintenance charges includes insurance and water fees. There are 14 more years of tax abatement remaning. The Cap Rate is between 5-6% and is projected to continue rising. Feel free to contact us for more info. Won't Last!
Excellent/Rare investment opportunity or for running your own business! Four (4) commercial condo units are selling as a package deal in Prime Sunset Park Neighborhood. It includes 1 store and 3 community facilities. Store unit C2 has 725 SF is currently vacant with projected rent income $2000-$2200 per month. The three community facility units (M1/M2/M3) with total of 2958 SF are being rented to an adult day care center for $4100 per month. The overall maintenance per month is $1475 and annual property tax is $5381. The maintenance charges includes insurance and water fees. There are 14 more years of tax abatement remaning. The Cap Rate is between 5-6% and is projected to continue rising. Feel free to contact us for more info. Won't Last!
Listing Courtesy of RE/MAX Edge