268 Bay Ridge Ave Brooklyn, NY 11220

This commercial property in Brooklyn, NY, presents an investment opportunity featuring newly constructed units. The property includes two retail stores, a community facility, and ten indoor parking spots, all offered as a package deal. Store #S1, spanning 2970 square feet, is currently leased to a Tae Kwon Do school, generating a monthly income of $5,227, with common charges of $959.68 and property taxes of $7,347.44 annually. Store #S2, a 2,292-square-foot bakery, contributes $3,500 monthly with a 3% yearly increase, along with common charges of $751 and annual property taxes of $5,761. The community facility, #CF, is 1200 square feet and is rented for storage, yielding $2,060 monthly, with common charges of $289 and property taxes of $771 per year. All three stores operate under triple net leases. Additionally, the ten indoor parking spots generate $3,360 annually, with common charges of $743 and a property insurance premium of $3,050. The seller's total yearly expenses are $4,103. The building generates a net yearly income of $164,291, reflecting a 5% cap rate. The seller is open to owner's financing with a minimum 35% down payment. The property is located in Bay Ridge and has a lot size of 0.2059228650137741 acres. The total property size is 6362 square feet. The zoning is C1-4.