N'ikpeazụ, mgbe nke bụ afọ iri na otu na enweghị ụlọ nkwakọba ihe azụmaahịa dị na Flatbush Avenue, ohere na-abịa na 315 Flatbush Avenue.

Ndị nwere UPS franchise maka afọ iri abụọ, ụlọ nkwakọba ihe a nwere square-foot 1774, karịa 1000 square feet dị na ala na ndị nwere square-foot 700 nke nchekwa n'ala, ugbu a nọ na ahịa ahịa mgbe afọ 20 gasịrị.

Ugbu a, nkwenye n'ụlọ ahịa dị na Flatbush Avenue enweela ikike ịpụ n'usoro $150 kwa square foot. Na ọnụahịa ahụ, ala ahụ ga-eme ka ọ bụrụ ihe karịrị $150,000 ego n'ozuzu.

Ụlọ ahịa UPS chọrọ ịnọgide na-arụ ọrụ maka afọ 5 ọzọ, opekata mpe. Nkwenye ha na-enye ha ohere maka afọ 5 ọzọ, nke ha chọrọ iji rụọ ọrụ, mana ọ naghị ekwu maka ihe ndị a kapịrị ọnụ. Ihe ga-agbaso bụ ọrụ onye nkwado maka ọ bụla RE Taxes karịa ọnụego nke 2004/2005. Ọ bụrụ na e nye ha ndụmọdụ n'usoro Flavor Town, deli nọ n'akụkụ ụzọ nke debere nkwenye $143 ppsf na 2024, mgbe ahụ, foto ego ga-adị ka nke a:

Ego N'ozuzu: $143,000
RE Taxes: $4,667
CAM Charges kwa Afọ $12,384
Ogbe Weghachiri $0
Ntotal Expenses $17,051

Ego N'ịkpa: $125,949

Cap Rate @ $1.65M 7.6%

Ọ bụghị ihe njọ maka mpaghara ebe akụ azụmaahịa na-agbanwe aka na cap rate nke 5%.

Finally, after over a decade of no commercial retail condo availability along Flatbush Avenue, opportunity knocks at 315 Flatbush Avenue.

Home to a UPS franchise for two decades, this 1774 square-foot condominium, over 1000 square feet on the ground floor with over 700 square feet of basement storage, is now on the sales market after 20 years.

Presently, leases along Flatbush Avenue have consistently broken through the $150 per square foot plateau. At that price, the ground floor would generate over $150,000 gross income.

The UPS store would like to stay for another 5 years, at least. Their lease allows them an option of an additional 5 years, which they want to exercise, but it does not mention specific terms. What does carryover is the tenant responsibility for any RE Taxes above the rate of 2004/2005. If they are resigned at the rate of Flavor Town, a deli across the street which signed a $143 ppsf lease in 2024, then the financial picture would look like this:

Gross Income: $143,000
RE Taxes: $4,667
CAM Charges Annually $12,384
Vacancy Allowance $0
Total Expenses $17,051

Net Income: $125,949

Cap Rate @ $1.65M 7.6%

Not bad for a neighborhood where commercial property changes hands at a 5% cap rate.