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Commercial building for sale | commercial property | office buildings for sale | medical office building for sale New York, Brooklyn NY, Bronx, Manhattan, Queens, Staten Island, Long Island, NY, NYC, US, USA, New York City...
Commercial Building For Sale in  Brooklyn, NY               
SOLD

ID# 18337
Class ”A” Medical Building - 9 units - 6 floors - elevator - 40,929 sq. ft Net Income: $825,828 x Rent: 9,72 Price: $11,550,000  

Tenant Annual Rent Expiration Sq. ft               Terms $/ sq. ft    Options
#1       $50,400      8/04        1,217  Net              $41,42                ---
#2       $24,876.92  07/04       1,050 Net + parking $23,52                ---
#3       $220,280     May/10     9,501 22% of all operating Expenses+ parking                                                             $23,52       2-5 years
#4       $232,703     Jan/09      7,052 Parking          $33,00               ----
#5       $6,600        Jan/09      200 Parking             $33,00               ----
#6 Vacant $277,434                8,407                    $33,00               ----
#7       $245,079     Feb/04      7,891          Parking $30,67               ----
Garage $25,410                      2,092 
Common Area $85,000 3,420 

Total   $1,167,584.99               40,929          Aver. $25,78 
Expense reimbursement (CAM, RE Tax, Electric) $110,410 
Please note that a lease for approx. 4,400 sq. ft is currently being signed with a medical group.
EXPENSES 
REAL ESTATE TAXES    $105,100
WATER & SEWER         $18,059
INSURANCE                 $14,543
ELECTRICITY               $86,300 
FUEL/GAS Oil               $12,603
CAM                          $55,984
REPAIR/MAINTENANCE   $39,704
MISCELLANEOUS          $9,500
TOTAL EXPENSES         $342,757
NET INCOME                  $825,828

MORTGAGE                   $6,200,000
INTEREST                      6,78%
EXP                                2012
AMORTIZATION           30 years
ANNUAL PAYMENT      $487,512.84
ASSUMPTION FEE       1%

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QUEENS REAL ESTATE | BROOKLYN REAL ESTATE | STATEN ISLAND | MANHATTAN | BRONX |  OTHERS