493 Tompkins Avenue, New York City, NY 11216

Large Mixed-use building – Extra Wide – 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 – $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.