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$ 7,200,000
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New
340 Junius ST Brooklyn, NY 11212
23,400 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 23,400 sqft
Price per Sqft $307
MLS Listing ID 501816
Annual Tax Amount $66,714
Property Sub-Type Commercial
Property Description
340-356 Junius Street, located in Brownsville A rare mixed-use investment opportunity in a thriving Brooklyn neighborhood. Situated on a substantial 15,000 sq. ft. lot, the building offers a total of 23,400 sq. ft. of usable space across two floors. Zoned M1-1, the property allows for a variety of industrial, commercial, and community facility uses. Dollar Tree, a national credit tenant, occupies a portion of the building under a 15-year lease at $27,000/month. Dollar Tree pays its own utilities and contributes no real estate taxes as part of their lease structure. Unit 1 (2,500 Sqft) leased as a church $3,500/month (no lease) and unit 2 (4,000 Sqft) is leased as a school $6,000/m (no lease). Also 2 available units offer tenant potential $5,000/m each. All spaces have separate meters. Potential Gross Income: $558,000; Potential Net Income: $458,000; Expenses: approximately $100,000 (tax, repairs, water & utilities). Current property taxes are $66,714.20 with 12 years remaining on a tax abatement. The property is conveniently located near the 1, 2, and 3 train stations, with parking available in multiple spots next to the property and a supermarket directly across the street.
Location
State NY
County Kings (brooklyn)
Area Brownsville
Zoning M1-1
Rooms
Basement Other
Interior
Interior Features Other
Equipment call Agent
Exterior
Roof Type Other
Present Use Other
Building
Foundation Poured Concrete
Others
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Tiger Realty