2139-2141 Cortelyou Road, Brooklyn, NY 11226

Flatbush, Brooklyn, New York 11226

$2,950,000  

Listing ID Number

25495

Property Description

Cushman & Wakefield has been retained on an exclusive basis to arrange the sale of 2139-2141 Cortelyou Road, a mixed-use building in the Flatbush neighborhood of Brooklyn.

• The subject property is located on the north side of Cortelyou Road between Flatbush Avenue and East 22nd Street.
• The buildings consist of two stories with 6,120 square feet throughout with two 3-bedroom apartments and two 2-bedroom apartments over three ground level retail spaces.
• Significant air rights are available with an additional 5,625 buildable square feet.
• Mixed-use building within steps of Flatbush Avenue, the most active retail corridor in the area.
• Multiple transportation options are available within close proximity to the train at the Cortelyou Road / East 16th Street station and the trains at the Beverly Road / Nostrand Avenue station.

Overview

Building Type:Live Plus Income Buildings, Mixed-Use Investment Buildings
Location:North side of Cortelyou Road between Flatbush Avenue and East 22nd Street.
Lot Dimensions:60' x 65.48'
Approx.
Lot Sq Ft:3,915
Approx.
Buildable Sq. Ft:11,745
Approx.
Available Air Rights:5,625
Approx.
Stories:2
Units:7
Residential Units:4
Commercial Units:3
Assessment Value:$54,930
'17 / '18
Taxes:$8,913
'17 / '18
Building Sq Ft:6,120
Approx.
Building Dimensions:26.17' x 50' / 33.83' x 55'
2139 Cortelyou Rd / 2141 Cortelyou Rd

Expenses

Total Annual Expenses:$34,653

Investment Information

Gross Annual Income:$182,400
Less Total Expenses:$34,653
Net Operating Income:$147,747

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

George Bukawyn
Associate
(718) 606-7073
George.Bukawyn@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.