Warren Lewis Sotheby's International has been retained on exclusive basis to market these great Great 3 mixed use properties in Cypress Hills area in the first new rezoned block of East New York. These buildings has in place income and have a good upside. They are also offering additional 20,394 sqft of air rights under the new FAR of 6.02. *** All 3 can be purchased together or separately. Total Gross Current Income - $230,400 Total Expenses - $24,925 NOI - $205,475 Current CAP Rate - 4.1% * Potential Gross Income - $328,200 ** Potential NOI - $303,275 *** Potential CAP Rate - 6% Contact me for detailed rent roll and to schedule a private showing. * This properties have tremendous upside potential with existing building and in addition to that the package offers a little over 20,000 BSF that the new ownership can take advantage off in the near future. Cypress Hills is Located in the busiest East Brooklyn areas and with the new East NY rezoning, this area will see many new tenants and new developments in the coming years.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
