ML# :3481020 Calling All Investors, Developers & End-Users!!! HUGE 17, 790 Sqft. Industrial Building With Gated Yard & Private Driveway For Sale!!! The Property Features Great Exposure, Excellent Signage, 12 Parking Spaces, Strong M3-1 Zoning, High 12’ Ceilings, Freight Elevator, Basement With 10’ Ceilings, Separate Small Building In Rear Yard, Loading Dock, Sprinklers, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Situated In The Heart Of Greenpoint Just A Few Blocks From The BQE (I-278)!!! The Property Was Previously Home To A Successful Furniture Manufacturer!!! Neighbors Include Starbucks, Hilton Hotels, FedEx, The Home Depot, P.C. Richard & Son, National Grid, Dunkin’, CVS, Staples, McDonald’s, Pep Boys, Auto Zone, Restaurant Depot, Crunch Fitness, Blink Fitness, Key Food, Wendy’s, Dollar Tree, +++!!!!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Development Site / The Next Home For Your Business!!! The Building Can Also Be Leased For Only $30 Per Sqft. NNN!!! Income: First Floor (6, 500 Sqft.): $195, 000 Ann. NNN. (Available) Second Floor (5, 700 Sqft.): $171, 000 Ann. NNN. (Available) LL + Rear Building (5, 590 Sqft.): $167, 700 Ann. NNN. (Available) Driveway: $28, 800 Ann. (Available) Pro Forma Gross Income: $562, 500 Ann. Expenses: Insurance: $3, 823 Ann. Taxes: $46, 532.08 Ann. Total Expenses: $52, 538.08 Ann. Net Operating Income (NOI): $512, 144.92 Ann. (Pro Forma 7.77 Cap!!!)
20 Van Dam Street, Greenpoint, NY, 11222