1223 Avenue U, Brooklyn, NY 11229
Listed Price: $999,000
Sold Price: $700,000
3,160 Sq Ft · Other
UPSCALE RUSSIAN RESTAURANT OCCUPIES ENTIRE BLDG HAS 9 YRS REMAINING ON LEASE, BASE RENT AS OF 10/1/10 IS 6000 MO. TEN ALSO PAYS $2100 TOWARDS RETAX PLUS 50PCT OF ANY RE INCREASE TAX OVER 2009/2010 BASE YR. TEN PAYS ALL OTHER EXP. BLDG RENOV. AT COST OF OVER $300,000 BUILDING NETS $56,600 YR UP + 2.5PCT INCREASE YRLY