Property Description

Welcome to 7222 3rd avenue on residential side and 279 73 street for the commercial space rental. 279 73rd street is currently a doctor's office. Month to Month lease. Rent was reduced during Covid 19 now it is $3,000. Office size is 20x35, it has 3 exam rooms, a bathroom, and a separate office. DO NOT DISTURB THE TENANT. There are 7 total residential apartments on the 7222 3rd avenue side, 4 back of the building apartments are 2 Bedrooms and 3 front of the building apartments are 3 Bedrooms. All units have one full bathroom. DHCR for years 2018-2022 is available by request. All apartment kitchens were updated in the past 5-7 years. 3 Skylights on the RUBBER roof. One skylight was installed just last year. All utilities are in the basement. 3 NEW hot water heaters: 2 for the building and 1 for the commercial office. The building has a super. He is responsible for garbage, sweeping inside the hallways and other light cleaning. The boiler is only 5 years old. All apartments are rent stabilized. Rent roll: 1- 1,531 2- 1,628 3- 1,558 4- 1,350 unsigned 5- 1,071 6- 1,764 7- 1,550 8- Commercial space $3,000, month to month lease. Annual Expenses for 2022: Gas: $6,701.40 Electric bills for common area: $623 Insurance: $7,810 Water and Sewer: $9,347.05 RE Tax: $33,021.20 Gross Rent Roll: $161,424 Total Expenses: $ 57,502.65 Net income (annual): $103,921(CAP 3.8%)

Commercial Details

• Reference # : 31-02-6
• Country : USA
• Location : Brooklyn
• Area : Bay Ridge
• State : NY
• Zip code : 11209
• Category : Commercial
• Construction : Brick
• Property size : 7200
• Lot Size : 20X100
• Zoning : R6B
• Parking : 1
• Condition : Excellent
• Date on Market : 2023-06-26
• Transportation : XBUS
• Near by : LIRR
• Real Estate Tax : $32,935
• Date Listed : 2021-01-24

Features For Commercial

• Commercial Type : Commerical Building
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