Coldwell Banker Reliable Commercial Division is pleased to offer a 20,000 square foot, 5 unit, NNN property, on 5 combined lots totaling 40,000 square feet with 80,000 buildable square footage (BSF) for sale. Located at 1199 Sutter Avenue, in the East New York section of Brooklyn NY. Zoned R5/C1-2. Actual Financials: $477,966 Gross Revenue / $443,558 Net Income. Tenants pay 85% of property tax. Tenants include a supermarket, beauty supply store, deli and laundromat. Property sits on the border of East New York & Cypress Hills. Easy access to public transportation. Walking distance to the A, C, 3, 4, J & Z trains and B14, Q7 & Q8 buses. Permits filed for two 50 foot buildings at 1451-1453 Sutter highlight the interest and upcoming developments in East New York.


Property Type: Commercial-Other
Year Built: 1965
Level Number: 1
Lot Dimensions: 40 x 100
Zoning: R5/C1-2
Cap Rate Percentage: 4
Listing ID: BF4CET
MLS ID: CBRC1199
Additional MLS: 427487
Style: Other Style
Building Size: 20,000 SF
Lot Size: 40000 SF
Available Date: Feb 22nd, 2019
Taxes: $112,031
Area Description

Region: New York

Region: East New York

Region: United States

Region: Brooklyn

Property Features
Location Name: East New York
Basement: Full
Road Type: City / Town Street
Roof: Rubber
Exterior Description: Brick
General: Security System
Area Description: Metropolitan
Cooling: Central A/C
Heating - Fuel Type: Gas
Additional Media Area Demographics