Two Mixed-Use Buildings in Sunset Park

362-364 39th Street, Brooklyn, NY

$1,975,000

Price

$130,303

NOI

6,200 sqft

Building Size

Gallery
Street
Map
Overview
NOI
$130,303
Building Size
6,200 sqft
Lot Area
4,006 sqft
Occupancy
100%
Units
4
Year Built
19341
Price Per Sqft
$355
Zoning
M1-2
Tenancy
Multiple
Floors
2
Description

TerraCRG has been retained to exclusively represent ownership in the sale of 362-364 39th Street, two adjacent mixed-use buildings in the Sunset Park neighborhood of Brooklyn.

Located between 3rd and 4th Ave, the properties consist of 2 residential units (2 FM) and 2 commercial spaces that were combined and subdivided into 19 individual artist studios. Both free market residential units were renovated a few years ago, include a washer/dryer as well as private outdoor patios. The artist studios are month-month and can be delivered vacant.

The properties are built full to the 100-foot lot on the ground floor and are built 55 feet deep on the 2nd level with a total gross footage of 6,200 SF. Combined, the properties have a current gross annual income of $183,600 and a net operating income of $130,303 after expenses.

Highlights
  • Total Units - 4
  • Free Market Units - 2
  • Total SF - 6,200
Location
Gallery