NEW IMPROVED PRICE! Handsome 4 story Flatiron. Yes, how unique is that?! A flatiron facade that stands out for its' rareness and architectural beauty. And, It's frontage is 40 feet wide. This gem is one block to the entrance to the JMZ train, which swiftly takes you to the Bowery in mintues. It's in high foot traffic prime Bushwick. Income producing: the Ground floor has an escalating triple net lease with a Dentist's office, which expires July 31, 2023. Three (3) additional loft floor-throughs above, where each loft space enjoys eleven (11) windows, more than 1,500 sq feet and 14 foot ceilings of light-filled space. Each loft space has a full bath and kitchen. The top floor also has a washer/dryer. The potential of this building is enormous; Already the rent roll is above 11,600K a month, currently. Under the Dentist's lease, the dentist pays a portioin of the property taxes, water bill and the owner enjoys a guarenteed annual increase in rent. The building is undergoing a CofO conversion from commercial to mixed use, under the NYC Loft Board, so, in addition, the tenants' rent is guarenteed to increase with each milestone improvement the owner makes towards mixed use compliance, plus the tenants' are to pay a portion of the renovation costs. Win-win for the owner! There is a spinkler system in place throughout the entire building, and each unit is already separately metered, so most of the Loft Law conversion work is already complete. 790-792 Flushing is in a fantastic highly visible location where it is seen and known for it's architectural beauty. The spacious unfinished cellar (think additional rental income) has high ceilings and iron pillars that stand the entire height of this solid building. 790-792 Flushing is, without an doubt, a savvy & sound investment in so many ways.
6300
SF
