268 Bay Ridge Ave Brooklyn, NY 11220

This offering presents an investment opportunity in Bay Ridge, featuring new construction units available as a package deal. The property includes two commercial stores, one community facility, and ten indoor parking spots. Store #S1, currently leased to a Tae Kwon Do school, spans 2970 square feet and generates a monthly rent of $5,227. The common charge for this unit is $959.68, with property taxes at $7,347.44 annually. Store #S2, occupied by a bakery, provides 2,292 square feet of space and yields a monthly rent of $3,500 with a 3% yearly increase. Its common charge is $751, and annual property taxes are $5,761. The community facility, #CF, is 1200 square feet and is rented for storage, producing a monthly income of $2,060. The common charge for this unit is $289, and property taxes are $771 yearly. All three stores operate under triple net leases. Additionally, the ten indoor parking spots generate $3,360 annually, with common charges of $743 per year 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, representing a 5.3% cap rate. The seller is open to offering owner's financing with a minimum of 35% down payment. The location is considered very bikeable (bike score 73), very walkable (walk score 74) and has excellent transit (transit score 79).