Property Description

This is a Mix-use property consisting of three units; One 735 sq. ft. commercial unit currently used as a general store/ bodega on the ground floor, sandwiched between two residential units. The top floor is a 3BR/1bath unit. The lower unit is a 2BR/1bath unit. The lot is slightly irregular with a 21-foot frontage and a 61 ft. depth. Total foot print approximately 1,200 sq. ft with an R5 zoning (MAX FAR 1.5) with a commercial overlay. The commercial tenant rent is currently $3,400, NNN lease - commercial tenants pay 33% of real estate taxes. sewer and water usage. In July of 2017 the commercial rent will increase to $3,500. The lease termination date is June 30th 2,028. Both residential tenants are month-to-month. The landlord will consider vacating the residential tenants for the right sale price. Facade work was recently completed. Oil heat system for all 3 units paid by the landlord. 2026/2027 Real Estate Tax = $5,426 which 33% is paid by the commercial tenant. Actual annual water and sewer expense was $3,521 with 33 paid by the commercial tenant. Actual annual fuel expense was $12,383. Anual actual electric expense was $2,036 which covered the PLP and the ground floor 2BR electric.

Property Features

Local Schools