Property Description

Calling All Investors, Developers & End-Users!!! 100% Occupied 3 Unit Mixed-Use Building In Williamsburg For Sale!!! The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 10' Ceilings, Strong R7A/C2-4 Zoning, (2) 4 Br. Apts., Basement, All New LED Lighting, 200 Amp, Power, CAC, +++!!! The Property Is Located In The Heart Of Williamsburg 4 Blocks Off I-278 & Just Minutes From The Williamsburg Bridge!!! Neighbors Include Starbucks, Peter Luger's Steak House, The Home Depot, Whole Foods Market, CubeSmart Self Storage, T-Mobile, Planet Fitness, Walgreens, Dunkin', Liberty Tax, Meineke Car Care Center, Trader Joe's, McDonald's, IHOP, +++!!! The Building Has 25' Of Frontage On Busy Union Avenue!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!Income:Gourmet Deli (2,650 Sqft.): $96,000 Ann. Unit 2 (4 Br. Apt.): $78,000 Ann.Unit 3 (4 Br. Apt.): $78,000 Ann. Expenses:Gas: $0 Ann.Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $6,000 Ann. Water: $0 Ann. Taxes: $3,669.76 Ann. Total Expenses: $9,919.76 Ann. Current Gross Income: $252,000 Ann.Net Operating Income (NOI): $242,080.24 Ann.

Property Features