Description
Investors, great news! Building for sale as a package with 7706 13th Avenue. Excellent investment opportunity in prime Dyker Heights location. Corner brick building was updated with a lot of amenities.7702 13th Avenue building has four parking spots in rear which are rented separately from tenant. Chase Bank has a lease 13 years with 3 years left & 5 + 5 years Options. Every 5 years increment of rent 10%. Yearly rent is $221,400 plus tenant paying 90% of building tax. Yearly gross income of this building is $275,331.. Both building has HVAC system. Landlord responsible for roof, wall, & building insurance, water & Gas which is approximately $15,000 yearly for both buildings and total tax for both buildings is $71,319. Two parking spots produce yearly income $6,000. Gross Income for both buildings approximately $405,331.00. Dont miss an opportunity. Call listing agent for more details.
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0BEDS
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0.09ACRES
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0BATHS
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01/2 BATHS
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3,200SQFT
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$1,125$/SQFT
School Ratings & Info
Description
Investors, great news! Building for sale as a package with 7706 13th Avenue. Excellent investment opportunity in prime Dyker Heights location. Corner brick building was updated with a lot of amenities.7702 13th Avenue building has four parking spots in rear which are rented separately from tenant. Chase Bank has a lease 13 years with 3 years left & 5 + 5 years Options. Every 5 years increment of rent 10%. Yearly rent is $221,400 plus tenant paying 90% of building tax. Yearly gross income of this building is $275,331.. Both building has HVAC system. Landlord responsible for roof, wall, & building insurance, water & Gas which is approximately $15,000 yearly for both buildings and total tax for both buildings is $71,319. Two parking spots produce yearly income $6,000. Gross Income for both buildings approximately $405,331.00. Dont miss an opportunity. Call listing agent for more details.
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