1199 Sutter Avenue $11,500,000

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    1199 Sutter Avenue Brooklyn, NY 11208

    • Commercial
    MLS# 4374043 | Active

    $11,500,000

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    Days On Market: 25 0 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
      • Sale Or Rent Building for Sale
      • Subdivision East New York
      • County Kings (Brooklyn)
      • Ownership Commercial
      • Year Built 1965
    • Building Features
      • Block 4248
      • Borough Brooklyn
      • Age Post-war
      • Built Size 20'x1000'
      • Heat Type Gas
      • Floor Count 1
      • Heat Type1 Gas
    • Property Features
      • Lot Size 40'x1000'

    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

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $11,500,000
        2/22/2019 3:18:00 PM New in Database Source

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