Mixed-Use Building in Windsor Terrace

For Sale - 1235 PROSPECT AVENUE- Brooklyn - Windsor Terrace

$2,650,000

Net Operating Income: $136,312

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Key Details

Property Type
Mixed Use
Neighborhood
Windsor Terrace
Property Dimensions
41.0 x 38.0
Property Area
3,507 sq.ft.
Total Units:
4
Stories:
3
NOI
$136,312
Price
$2,650,000
Price Per Unit
$662,500
Cap Rate
5.1%

Listing Description

Westbridge Realty Group has been retained as the exclusive broker to sell 1235 Prospect Avenue, a 3-story mixed-use building in the Windsor Terrace neighborhood of Brooklyn.

Built 41 ft. x 38 ft., the building spans 3,507 square feet and contains 3 residential apartments over a restaurant. The restaurant is currently paying $5,000 / month with 9 years remaining on their lease and a 2 year renewal option.

The property is in close proximity to the F and G subway trains, and is also walking distance to the B and Q trains.

Property Details

Block/Lot:
5275/53
Lot Dimensions
41.08 x 38.0
Lot Area
1,315 sq.ft
Zoning:
R5B
FAR as Built:
1.35
Max FAR:
2.0
David MarcianoWestbridge Realty Group
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Sales & Transactions

AddressSale PriceSale DateProperty Type
2923 FT HAMILTON PARKWAY$610,00004/25/2016Mixed Use
2905 FT HAMILTON PARKWAY$1,850,00003/30/2016Mixed Use
1665 10TH AVENUE$2,100,00007/16/2015Mixed Use
1293 PROSPECT AVENUE$5,250,00006/04/2015Mixed Use
79 PROSPECT PARK SW-05/30/2015Mixed Use