1199 Sutter Avenue $11,500,000

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    1199 Sutter Avenue Brooklyn, NY 11208

    • 20,000 sq.ft.
    • 0.92 Acres
    • Commercial
    MLS# 427487 | Active

    $11,500,000

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    Days On Market: 25 6 Views
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    Property Details

    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.

    • General Features
      • Zoning R5/C1-2
      • Year Built 1965
      • Region East New York
      • County Or Parish Kings (Brooklyn)
      • Borough Brooklyn
      • Building Type Detached
    • Building Features
      • A/C Units 0
      • Basement Amenities Full
      • Building Length 1000.00
      • Heating Fuel Gas
      • Stories 1
      • Roof Rubber
      • Building Width 20.00
      • Construction Materials Brick
      • Electric 220 V
      • Foundation Details Poured Concrete, Other
      • Heat Delivery Hot Air
      • Number Of Stores 4
    • Property Features
      • Lot Dimensions 40 x 100

    Contact

    Hugo Salazar

    Real Estate Broker, Owner

    RE/MAX Real Estate Professionals

    Office: 718-532-2000

    Neighborhood

    11208 (Brooklyn) Demographics

    32Median Age
    26,758Population Density (per sq. mile)
    19%College Educated
    $37,640Estimated Median Income
    7,794Estimated Total Home Owners
    22,847Estimated Total Renters
    25% / 75%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    95,715Total Population

    Market Last 30 Days

    $0 Median Sales Price
    0 Homes Sold
    11 New On Market

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      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $11,500,000
        2/22/2019 4:09:00 PM New in Database Source

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        The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity(SM) Program of the Brooklyn Multiple Listing Service. Real estate listings held by brokerage firms other than RE/MAX of New York are marked with the Broker Reciprocity(SM) thumbnail logo and detailed information about them includes the name of the listing brokers. Copyright 2019 Brooklyn MLS. All rights reserved. Information deemed reliable but not guaranteed.