Listing Courtesy of KMS Realty Group, Inc.
$1,999,888
Brooklyn, NY 11209
MLS# 2401138
7200 sqft
1 / 32
Property Description
SELLER IS LOOKING FOR OFFERS! Welcome to 7222 3rd avenue on residential side and 279 73 street for the commercial space rental. 279 73rd street is currently a doctor's office. Month to Month lease. Rent was reduced during Covid 19 now it is $3,000. Office size is 20x35, it has 3 exam rooms, a bathroom, and a separate office. DO NOT DISTURB THE TENANT. There are 7 total residential apartments on the 7222 3rd avenue side, 4 back of the building apartments are 2 Bedrooms and 3 front of the building apartments are 3 Bedrooms. All units have one full bathroom. DHCR for years 2018-2022 is available by request. All apartment kitchens were updated in the past 5-7 years. 3 Skylights on the RUBBER roof. One skylight was installed just last year. All utilities are in the basement. 3 NEW hot water heaters: 2 for the building and 1 for the commercial office. The building has a super. He is responsible for garbage, sweeping inside the hallways and other light cleaning. The boiler is only 5 years old. All apartments are rent stabilized. Rent roll: 1- 1,531 2- 1,628 3- 1,558 4- 1,350 unsigned 5- 1,071 6- 1,764 7- 1,550 8- Commercial space $3,000, month to month lease. Annual Expenses for 2022: Gas: $6,701.40 Electric bills for common area: $623 Insurance: $7,810 Water and Sewer: $9,347.05 RE Tax: $33,021.20 Gross Rent Roll: $161,424 Total Expenses: $ 57,502.65 2023 Profit and Expenses: Rent in: $162,768 1- $1,531 2- $1,700 3- $1,558 4- $1,350 (Super, discounted rent) 5- $1,071 6- $1,819 7- $1,535 8- $3,000 (dental office) Gas$ 10,084 Electric $546 Insurance: $11,076 Taxes: $33,493 Water and Sewer: $10,173
Details
Maps
Address/Legal
Street No.: 7222
Street Name: 3rd
Street Suffix: Avenue
County: Kings
State: NY
Zip Code: 11209
Area Name: Bay Ridge
Section: N/A
Parcel ID: 05907-0048
Contract/Location Information
Listing Date: 2024-03-03
List Price: $1,999,888
Current Price: $1,999,888
Sub-Type: Commercial
List Price/SqFt: 277.76
Sale/Lease: Sale
Zoning: R6-B
Block: 05907
Lot: 0048
CofO: Yes
List Type: Exclusive Right to Sell
Owner Finance: No
General Property Info
# of Buildings: 1
Stories: 4
Year Built: 1930
Year Built Info: New
Taxes: 33493
Tax Abated: No
Lot Size SqFt: 2000
Lot Dim: 20x100
Irregular: No
Building SqFt: 7200
Condition: Excellent
Air Conditioner: Units
# of A/C Units: 8
Lease Purchase: No
# of Residential Units: 7
# of Commercial Units: 1
# of Medical Units: 1
Public Remarks: SELLER IS LOOKING FOR OFFERS! Welcome to 7222 3rd avenue on residential side and 279 73 street for the commercial space rental. 279 73rd street is currently a doctor's office. Month to Month lease. Rent was reduced during Covid 19 now it is $3,000. Office size is 20x35, it has 3 exam rooms, a bathroom, and a separate office. DO NOT DISTURB THE TENANT. There are 7 total residential apartments on the 7222 3rd avenue side, 4 back of the building apartments are 2 Bedrooms and 3 front of the building apartments are 3 Bedrooms. All units have one full bathroom. DHCR for years 2018-2022 is available by request. All apartment kitchens were updated in the past 5-7 years. 3 Skylights on the RUBBER roof. One skylight was installed just last year. All utilities are in the basement. 3 NEW hot water heaters: 2 for the building and 1 for the commercial office. The building has a super. He is responsible for garbage, sweeping inside the hallways and other light cleaning. The boiler is only 5 years old. All apartments are rent stabilized. Rent roll: 1- 1,531 2- 1,628 3- 1,558 4- 1,350 unsigned 5- 1,071 6- 1,764 7- 1,550 8- Commercial space $3,000, month to month lease. Annual Expenses for 2022: Gas: $6,701.40 Electric bills for common area: $623 Insurance: $7,810 Water and Sewer: $9,347.05 RE Tax: $33,021.20 Gross Rent Roll: $161,424 Total Expenses: $ 57,502.65 2023 Profit and Expenses: Rent in: $162,768 1- $1,531 2- $1,700 3- $1,558 4- $1,350 (Super, discounted rent) 5- $1,071 6- $1,819 7- $1,535 8- $3,000 (dental office) Gas$ 10,084 Electric $546 Insurance: $11,076 Taxes: $33,493 Water and Sewer: $10,173
Status Change Info
Status: Active
Building Info
Building Available SqFt: 7200
Retail Available SqFt: 1000
Sprinklers: No
Income & Expenses
Gross Income: 162768
Total Expense: 57502.65
Net Income: 105265.35
Property Features
Electric Meters: Individual
Gas Meters: Individual
Electric: 220
Features: Apartment; Medical/Dental; Mixed Use; Retail; Other
Construction: Frame Brick
Parking: Street
Heat Source: Gas
Heat System: Steam
Showing Instructions: Call Agent
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