340 Junius Street Brooklyn, NY 11212

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.