1199 Sutter, Brooklyn

$11,500,000

0 Beds
0 Baths
20,000 Sqft
0 Acres
0 Garages

We are 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.

Essential Information
MLS® #427487
Price$11,500,000
Bathrooms0.00
Square Footage20,000
Year Built1965
TypeCommercial
Sub-TypeCommercial
StatusActive
Community Information
Address1199 Sutter
AreaEast New York
CityBrooklyn
CountyKings (Brooklyn)
StateNew York
Zip Code11208
Interior
Interior FeaturesOther, Security Alarm
HeatingHot Air
Has BasementYes
BasementFull
# of Stories1
Exterior
Exterior FeaturesOther
Lot Description40 x 100
RoofRubber
ConstructionBrick
FoundationPoured Concrete, Other
Additional Information
Date ListedFebruary 22nd, 2019
Days on Market28
ZoningR5/C1-2
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Listing courtesy of Coldwell Banker Reliable R.E.

© 2019 Brooklyn New York MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Casandra Properties Inc. Data last updated: March 23rd, 2019 at 8:36pm EDT

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