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Property for Sale

Property for Sale

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Published by Anonymous ht0rqf

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Categories:Types, Research
Published by: Anonymous ht0rqf on Nov 11, 2010
Copyright:Attribution Non-commercial

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11/11/2010

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The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do notguarantee it.All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any.The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, thetax bracket, and other factors which your tax advisor and/or legal counselshould evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
118-35 Queens Boulevard, 14
th
FloorForest Hills, NY 11375T: 718-275-3400 / F: 718-275-5478275 Madison Avenue, 3rd FloorNew York, NY 10016T: 212-696-2500 / F: 212-696-0333205 Montague Street, 3rd FloorBrooklyn, NY 11201T: 718-238-8999 / F: 718-238-6091
118-35 Queens Blvd.14
th
Floor Forest Hills, NY 11375 718.275.3400 Fax 718.275.5478www.masseyknakal.com
THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER 
Double Net Commercial BuildingFor Sale
42-14-24 Greenpoint Ave. Sunnyside, NY 11104
PROPERTY INDICATORSBlock / Lots:Location:Lot Size:Lot SF:Building Size:Stories:Building SF:Zoning:Assessment (10/11):R.E. Taxes (10/11):
175/ 12S/E corner of GreenpointAve & 43
rd
St.134x 152(Approx/Irreg.)11,550 SF(Approx/Irreg.)134x 142(Approx)1, 210,500(Approx)R5/C1-2$670,769 (Approx.)$69,934 (Approx.)
 
ASKING PRICE: $3,900,000
For further information or inspection, please contact Exclusive Agent: 
Swain Weiner
Vice President of SalesLicensed Associate Brokersweiner@masseyknakal.com718-512-2606
Page 1 of 2
 
COMBINED REVENUE:
Gross Monthly Income:$24,460
Gross Annual Income:$293,520COMBINED EXPENSES: (ESTIMATED)
Taxes (10/11):$69,934Projected Operating Expenses:$8,722
Total Expenses:$71,759NET OPERATING INCOME:$221,761
Description: The subject property consists of (6) one story retail units on Greenpoint Avenue and (1) two storyoffice building on 43
rd
Street. The property is located on the southeast corner of Greenpoint Avenue and 43
rd
Street.There is 135 feet of frontage on the GreenpointAvenue. The office building on 43
rd
Street also offers parking forfour vehicles. The property is in excellent condition and has been owned by the same family for over 27 years.There is a proposed rezoning plan in the community that will change the zoning from R5 to R6A, offering furtherdevelopment/expansion of the property. There are also demolitionclauses in each of the leases which allow forsuch development. It is a rare opportunity to have properties ofthis type come to the market in such a desirableneighborhood as Sunnyside.

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