Unique opportunity to purchase a prime corner mixed-use buiding at the foot of the Metropolitan-Lorimer L/G subway stop. Currently cash-flowing and in beautiful condition, but with massive upside in it's development potential with a total of 8,600 SF buildabe on a favorably zoned R7A, C2-4 lot Currently set up as two apartments over a store with a parking lot in the back. Ground Floor Medical Office: Currently paying $3,800 with 2 years left on lease 2nd floor: Mint condition 3 bed / 1 bath market rent : $4,000 /month (Month to month) 3rd floor: Immaculate 2 bed / 1 bath with a market rent of $3,500/month (Month to month) Parking lot: $500/month Total current market rent: $11,800 per month / $141,600 per year (no improvements needed) Legal 2 Fam + Store Current SF: 3,375 FAR: up to 4.6 with IH Current FAR: 1.57 Lot Size: 25 ft x 86 ft Zoning: R7A, C2-4 Taxes: $8,081 Water: $2,273 Insurance: $3,385 All units have their own heat and electric, separate systems. Current ~3.6% cap
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