Active
  • Price cut: $20K (6/30)
    $1,775,000

    493 Tompkins Ave, Brooklyn, NY 11216

    5beds
    3,300sqft
    Mixed Use
    Built in 1899
    -- sqft lot
    $1,716,000 Zestimate®
    $538/sqft
    $-- HOA

    What's special

    Fully useable basementCorner buildingNice backyard
    Large Mixed-use building - Extra Wide 22' - Corner Building great upside potential. CONTRACT FELL THROUGH!!!!....just back on the market. 493 Tompkins Ave - aka 3 Decatur Street Prime Bed Sty neighborhood location Building: 22' X 50'lot: 22' X 70 Nice backyard - with the possibility of creating a curb cut. Currently: 3300sqf plus fully useable basementFAR: 3, total buildable : 4640sqft. Currently set-up as a 3Br apartment on 2nd floor, large 2br unit on the 3rd floor (easily converted to 3br), and ground floor large commercial space with full basement. Excellent condition:all free marketResidential Units will be delivered vacant - potential rent roll - over $160,000/yr. as is NOI:$120,000 low taxes: $4,241/yr Total expenses only - $22,000 1st Floor - commercial - Rent: $5,025 with 5% increases each year, pays 1/2 water bill - Lease ends 2028 2nd Floor - 3 BR / 1bth with backyard access - month to month - can be delivered vacant. 3rd floor - large 2br...easily converted to 3br - currently vacant - can be rented for $3500/mo. total projected rent roll - $12,025/mo.
    183 days
    on Zillow
    |
    301
    |
    14
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    Likely to sell faster than

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