17-19 Lamont Court Brooklyn NY, 11225 Brooklyn
$4,200,000
ML# 815482
Property Picture

Calling All Investors, Developers & End-Users!!! SHOVEL READY Development Site For A 22 Unit 19, 100+ Sqft Building In Brooklyn For Sale!!! The Property Has Plans In Place For A Brand New Building!!! The Building Will Feature Great Exposure, Excellent Signage, 5 (2 Br.) Apartments, 1 Br. Apartment, 7 Parking Spaces, High 9’ Ceilings, 7 Stories, Sprinklers, Elevator, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Brooklyn Near Barclays Center, Brooklyn Museum, Kings Theatre & Brooklyn Children’s Museum!!! Neighbors Include Starbucks, UPS, The Home Depot, Public Storage, CubeSmart Self Storage, Safeguard Storage, Target, Staples, Planet Fitness, PetSmart, Shake Shack, Mavis Discount Tire, Auntie Anne’s, Wendy’s, Checkers, White Castle, KFC, +++!!! This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site!!! Income:(5) 2 Br. Apts.: $252, 000 Ann. (10) 1 Br. Apts.: $384, 000 Ann.(5) Studio Apts: $138, 000 Ann.2 Br. Penthouse: $62, 000 Ann.1 Br. Penthouse: $51, 600 Ann.7 Parking Spaces: $21, 000 Ann. Pro Forma Gross Income: $908, 600 Ann.Expenses: Gas: $0Electric: $0 Water & Sewer: $3, 257 Ann. Insurance: $5, 217 Ann. Taxes: $8, 254.96 Ann.Total Expenses: $16, 728.96 Ann. Pro Forma Net Operating Income (NOI): $ 891, 871.04 Ann.

    Presented by Michael Stanco
    Michael Stanco Licensed Associate Real Estate Broker 917-293-0915 917-293-0915 sales@stancomisititeam.com
    Presented by Michael Misiti
    Michael Misiti Licensed Real Estate Broker 347-539-9893 347-539-9893 sales@stancomisititeam.com