售$165萬 - 315 FLATBUSH Avenue #2, 展望高地 Prospect Heights, NY 11217｜ID # RLS20100599

最後，在超過十年的時間裡，Flatbush Avenue上沒有商業零售公寓可供選擇，315 Flatbush Avenue的機會來了。

這個1774平方英尺的公寓，地面樓層面積超過1000平方英尺，還有超過700平方英尺的地下室儲存空間，經過20年後現在已經上市銷售，之前是UPS特許經營店的所在地。

目前，Flatbush Avenue的租約一直突破每平方英尺150美元的高點。按這個價格，地面樓層將產生超過150,000美元的總收入。

UPS商店希望至少再租5年。他們的租約允許他們選擇再延長5年，他們希望行使這個選擇，但並未提及具體條款。延續下來的是租戶需要負擔超過2004/2005年度稅率的任何房地產稅。如果以Flavortown的租金簽約，該商店在2024年簽訂的租約為每平方英尺143美元，則財務情況將如下：

總收入：143,000美元
房地產稅：4,667美元
年度一般管理費用：12,384美元
空置津貼：0美元
總開支：17,051美元

淨收入：125,949美元

按165萬美元計算的資本回報率為7.6%

在這個商業物業以5%資本回報率轉手的社區中，這並不差。

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.