Purchasing a Mixed-Use Gowanus

Categories: Real Estate

I am in the processes of purchasing a Mixed-Use Building on 3rd Ave between 8th and 9th (2 families over a store 3600 sq ft). It currently has an annual gross annual rent roll of $51,000.00. I negotiated the purchase price down to $625,000.00. The building is fairly in good condition. I’m concerned about the price, anyone have any opinions on this. Do you think the price is too high?

By Gowanus_Bklyn | 06/23/2009 9:36 PM