Property Listing No Longer Available for Sale

2705 Mermaid Ave, Brooklyn, NY

Others for Sale - $3,999,000

Property Info

  2705 Mermaid Ave
  Brooklyn NY 11229
UpdatedMay 6th, 2018

Property Description

Great Investment Opportunity! 14,000 square ft store front with 3 stores first store is a Supermarket - 25 x 150, second Store is a Variety Store 30 x 150, and the third store front is a Medical Office 25x 150 ( with extra space 90 x 50 ) . Supermarket has a lease until 2025, current rent $5500 with a $500 annual increase, tenant pays all utilities. Variety Store rent is $3600 with $300 annual increase. Medical Center rent is $8500 with $500 annual increase. Total annual rent is $212,200. Leases are set to expire in 2025. Owner pays all taxes. Tenants are responsible for their own utilities. In addition, third storefront includes an extra 2000 square ft and has access to side street of West 27th Street. Close to all. Owner will consider all serious offers. All offers submitted with mortgage pre-approval and buyer financial profile. (Listing 6801330 Confirmed 5/2/2018)<br />

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