Brooklyn Mixed-Use Investment
340 Junius Street Brooklyn, NY 11212
For Sale
$7,200,000
COMMERCIAL - Brooklyn, NY
Property Size23,400 SF
Lot Size0.34 Acres
Price / SF$307.69
Days on Market59
Property Features for 340 Junius Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- M1-1
- Standard status
- Active
- Size
- 23,400 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Annual Amount
- 66714
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Emily Hui Chen-Liang
(917) 708-9966
Added: May 28
Changed: May 31
Last Checked: Jul 25 at 9:06PM
MLS# 501816
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Investment Insights
Based on property information with market context.
Located in Brownsville, Brooklyn, 340-356 Junius Street presents a mixed-use investment opportunity. The property, situated on a 15,000 sq. ft. lot, features 23,400 sq. ft. of usable space across two floors. Zoned M1-1, it accommodates various industrial, commercial, and community facility uses. A portion of the building is occupied by Dollar Tree, a national credit tenant, under a 15-year lease at $27,000 per month. Dollar Tree is responsible for its own utilities and does not contribute to real estate taxes per the lease agreement. Unit 1, comprising 2,500 sqft, is leased to a church for $3,500 per month without a lease. Unit 2, with 4,000 sqft, is leased to a school for $6,000 per month, also without a lease. Additionally, there are two available units with a potential income of $5,000 per month each. All spaces have separate meters. The potential gross income is $558,000, with a potential net income of $458,000. Expenses, including tax, repairs, water, and utilities, are approximately $100,000. Current property taxes are $66,714.20, and there are 12 years remaining on a tax abatement. The property is near the 1, 2, and 3 train stations. Parking is available in multiple spots next to the property, and a supermarket is located directly across the street.
Key Highlights
- Substantial Income Potential: Boasting a potential gross income of $558,000 and a potential net income of $458,000.
- National Credit Tenant: Dollar Tree occupies a portion of the building under a 15‑year lease at $27,000/month.
- Large Lot Size & Usable Space: Situated on a 15,000 sq. ft. lot with 23,400 sq. ft. of usable space.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Studio 3k
Hotel & Motel
FAQs
What type of property is this?
Mixed-use property - Mixed-use property in Brownsville with diverse income streams.
Where is this mixed-use property located?
The property is located at 340 Junius Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $7,200,000.
What are key features of this property?
This property features: Substantial Income Potential: Boasting a potential gross income of $558,000 and a potential net income of $458,000.; National Credit Tenant: Dollar Tree occupies a portion of the building under a 15‑year lease at $27,000/month.; Large Lot Size & Usable Space: Situated on a 15,000 sq. ft. lot with 23,400 sq. ft. of usable space.
