assorted new york city off market properties

Listing Id: 11

off market

50’ WIDE FOUR STORY BRICK APARTMENT BUILDING FOR SALE
PRIME INVESTMENT/DEVELOPMENT OPPORTUNITY

PRIME PROSPECT-LEFFERTS GARDENS
BROOKLYN, NEW YORK
Location

Lot Size: 50' x 123'
Building Size:
Basement: ---50' x 50' = 2,500 sq ft
First Floor: ---50' x 50' = 2,500 sq ft
Second Floor:50' x 50' = 2,500 sq ft
Third Floor:---50' x 50' = 2,500 sq ft
Fourth Floor: 50' x 50' = 2,500 sq ft
Stories: Four Plus Full Basement
Gross Square Feet: 10,000 appx
Zoning: (FAR) R6: (2.43) Height Limit 55’
Air Rights: 14,945 Sq. Ft
Taxes: (21/22) $19,119.36
Description:

A 50' wide 9-unit four story brick apartment building. The basement has a one-bedroom apartment with storage space. The second floor has two units, they are each three-bedroom apartments with a full kitchen, a full bathroom and living room. The third floor has two units, they are each three-bedroom apartments with a full kitchen, a full bathroom and living room. The fourth floor has two units, they are each three-bedroom apartments with a full kitchen, a full bathroom and living room.

The building has a front yard along with a back yard and five garages with six parking spaces along with a shared drive way. The property is individually metered for gas and electric all the meters are in the basement. The boiler and water heater is gas, the roof is new.

The property is located in Prospect-Lefferts Gardens which is under a lot of development because of it's proximity to Prospect Park and access to the 2, 5 and Q trains.

The property is a great investment/development opportunity because they have big and spacious bedrooms when the tenants vacate the units, there will be a lot of demand for them. The basement has enough space to create another one-bedroom apartment. The six parking spaces can be converted into storage space or live-work space. There is the potential to duplex the units to get them out of rent stabilization. The first floor can be duplexed with the basement to create two duplex garden apartments. The second and third floors can be duplexed to create two duplex apartments and the fourth floor can be duplexed by using the air rights to create a fifth floor. The property will have a total of six free market units. Note: Three of the units, the tenants are in nursing homes and have not given up the apartments. The apartments have not been registered with DHCR for many years. Please contact me for the setup or Click on this link for the setup/rent roll.

ASKING PRICE: $1,950,000


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CORNER THREE STORY MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/DEVELOPMENT OPPORTUNITY

BROOKLYN, NEW YORK
Location:buffalo ave vicinity

Lot Size: 50' x 100'
Building Size:
Basement: 50' x 100' irr = 2,316 sq ft
1st Floor: _50' x 100' irr = 2,316 sq ft
2nd Floor:-50' x 100' irr = 2,316 sq ft
3rd Floor:-50' x 100' irr = 2,316 sq ft
Stories: Three Plus Full Basement
Gross Square Feet: 6,950 appx
Zoning: (FAR) R7D (4.2) with a C2-4 Overlay (2.0) Height Limit 100'
Total Buildable Sq. Ft: 21,000
Air Rights: 14,050
Taxes: (21/22) $9,330.68
An 50’ wide four-unit three story corner mixed use building. The first floor has four stores, the second floor has two, two-bedroom apartments and the third floor also has two, two-bedroom apartments. The units are all free market, they have a full kitchen and bathroom along with a eating/living area. The boiler and water heater is gas, the apartments are individually metered for gas and electric. The utilities and the meters are in the basement. The roof is rubber with silver coating and in good condition. The property gets great sunlight and is located in an area with lots of development.

The property is a prime investment opportunity, with four stores on the ground floor and four free market units above the potential is tremendous. The stores do good because they get foot traffic from the A & C trains on Fulton & Utica Avenue. The apartments can get more income by renovating them. They will be in high demand because of the property’s proximity to transportation A & C trains and B46 bus. A bill board sign can be put up at the side of the building for more income.

The property is also a great development opportunity, a developer can build a 21,000 square foot building. This can be a ten story mixed-use building. The zoning allows commercial on the first and second floors and apartments above. The apartments can be rentals or condos. Please feel free to contact me for a full setup and tour. You can also click on this link for the setup/rent roll.

REDUCED ASKING PRICE: $3,600,000 CAP RATE 6.7%
OR $171 PER BUILDABLE SQ. FT

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TWO STORY SINGLE FAMILY FOR SALE
EXCELLENT DEVELOPMENT/USER OPPORTUNITY
OPPORTUNITY ZONE

BROOKLYN, NEW YORK
Location:nearby to Atlantic Avenues

Lot Size: 25' x 100'
Building Size:
Basement: ---20' x 45' irr = 680
First Floor: ---20' x 45' irr = 680
Second Floor:20' x 45'irr = 680
Stories: Two
Gross Square Feet: 1,360 appx
Zoning: (FAR) R6B (2.0) Height Limit 50’
Buildable Sq. Ft: 5,000
Air Rights: 3,640 Sq. Ft
Taxes: (22/23) $2,502.48
Description:

A 20’ wide two story single family building on a 25’ x 100’. The lot size makes the property a prime development opportunity. A developer can build a five story apartment building. The units can be five floor-through apartments or ten two-bedroom apartments.

The building is also a great user opportunity, a user can renovate the building into a two family building. They can occupy the first floor and rent out the second floor.

The property is located three blocks from the A & C trains on Liberty & Pennsylvania Avenues. This gives quick access to Downtown Brooklyn and the City.
ASKING PRICE: $600,000 Reduced
OR $120 PER BUILDABLE SQUARE FOOT

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THREE STORY MIXED-USE BUILDING
FOR SALE
EXCELLENT INVESTMENT/DEVELOPMENT/USER OPPORTUNITY
OPPORTUNITY ZONE

BROOKLYN, NEW YORK
Location:nearby to Avenue D

Lot Size: 20' x 100'
Building Size:
Basement: ---20' x 73' irr = 1,210
First Floor: ---20' x 73' irr = 1,210
Second Floor:20' x 73' irr = 1,210
Third Floor:---20' x 73' irr = 1,210
Stories: Three Plus Full Basement
Gross Square Feet: 3,630 appx
Zoning: (FAR) R6 (2.43) with a C2-3 Overlay (2.0) Height Limit 55’
Buildable Sq. Ft: 4,860
Air Rights: 1,230 Sq. Ft
Taxes: (21/22) $12,528.76
Description:

A 20’ wide five-unit three story mixed use building. The property has a store on the ground floor, which has access to the basement. Located at the back of the store is a one-bedroom apartment which has access to the back yard. The second floor has a two-bedroom apartment located to the front, to the back is a one-bedroom apartment. The third floor has a two-bedroom apartment at the front, to the back is a one-bedroom apartment. The units have full kitchen and full bathroom there is also a living/dining area. The apartments are individually metered for gas and electric. There is also a living/din/dining area. The meters are in the basement and the boiler and water heater is gas. The units are free market and the tenants have section 8 and the Hassa Program. Please note: Apartment 1 just had a fire and is now vacant and the tenant will not be coming back. The unit is a one-bedroom garden apartment with lots of upside and can be duplexed with the basement or converted into a two-bedroom apartment. Also the C of O is for a six family.

The property is a prime investment opportunity, since the units are free market an investor can add value by updating the apartments and giving each unit their own boiler and water heaters. The rents are under market in an area where two-bedroom apartments are renting for $2,500 and one-bedroom units are renting for $1,950. The one-bedroom apartments are big enough to be converted into two-bedroom apartments. The air rights can also be used to duplex the top floor. A developer can also do floor-through apartments and add a floor.

The building is also a great user opportunity, a user can a business on the ground floor and create a floor-through unit on the second floor. The second floor can be used for commercial or residential. The third floor apartments can be rented for income.

The property is located on a busy block with lots of foot traffic, there are nice retail stores, super markets and restaurants in the area. The B44 bus stops on the block, 2 & 5 train is two blocks away on NewKirk Avenue & Nostrand Avenue.



ASKING PRICE: $1,600,000 CAP RATE: 8.2%


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FOUR STORY MIXED-USE BUILDING FOR SALE EXCELLENT INVESTMENT OPPORTUNITY

BROOKLYN, NEW YORK
Location: nearby to Broadway
Lot Size: 40’ x 49’ irr
Building Size: Basement: 40’ x 49’ irr = 985 1st Floor: 40’ x 49’ irr = 985
2nd Floor: 40’ x 49’ irr = 985
3rd Floor: 40’ x 49’ irr = 985
4th Floor: 40’ x 49’ irr = 985
Stories: Four (4)
Gross Square Feet: 3,950 (Approximately)

Zoning: (FAR)
Total Buildable Square Feet:
R6 (2.43) with a C2-4 Overlay (2.0) 3,037

Total Available Air Rights: No Air Rights

Assessment:
Real Estate Taxes:
$139,641 (22/23) $17,129.76

Description: A 40’ wide three unit four story mixed use building. The property has a store on the ground floor, which also occupies the basement. Floors two
through four are each two-bedroom floor-through apartments.
The ground floor has 12’ ceilings and the upper floors each has 10’
ceilings. The units are individually metered for gas and electric. The
meters, gas boiler and water heater are in the basement. The roof is rubber
with silver coating and in good condition. The property gets great sunlight
and is located in an area with lots of development.
The property is a prime investment opportunity, an investor can add
value by renovating the apartments and giving each unit their own boiler
and water heater. The building has a great location that has excellent
commercial and residential exposure. Located on the corner of Broadway
& Madison Street the property gets a lot of foot traffic from the north and
south side of Broadway which has the Gates and Halsey J train stops.
Broadway is one of the busiest street in Brooklyn, with all the fast food
restaurants, banks, clothing stores health food stores. An investor can add
value by renovating the units, expanding the store to the lot line and
duplexing the top floor.

First Floor: Second Floor:
Third Floor: Fourth Floor:
The property is also a great user opportunity, a user can have a business on the ground floor and live in one of the units above and rent out the other apartments for income.
The grocery store has great exposure, they get customers from the east, west and south side of the street. They also occupy the basement, the rent is $5,500 per month and the lease expires in 5/24/25.
The second floor is a two-bedroom floor through apartment. The apartment has a full kitchen and bathroom. The unit has 10’ ceilings and gets great sunlight. The rent is $2,500 and they are on a month to month basis.
The third floor is a two-bedroom floor through apartment. The apartment has a full kitchen and bathroom. The unit has 10’ ceilings and gets great sunlight. The rent is $2,500 and they are on a month to month basis.
The third floor is a two-bedroom floor through apartment. The apartment has a full kitchen and bathroom. The unit has 10’ ceilings and gets great sunlight. The rent is $2,500 and they are on a month to month basis.
Income:
Unit Description Unit Type Rev Projected Store: Store Commercial $5,500 $6,500
Second Floor: 1 2 Bd Apt Free Market $2,500 $3,500 Third Floor: 2 2 Bd Apt Free Market $2,500 $3,500
Fourth Floor: 3 2 Bd Apt Free Market $2,500 $3,500 Monthly Income: $13,000 $17,000 Annual Income: $156,000 $204,000
Expenses:

Real Estate Taxes: $17,129.76 Water & Sewer: $3,200.00 Insurance: $2,700.00 Heat (Gas): $3,200.00 Electric: (common areas) $1,200.00

Repairs & Maintenance: Total Annual Expenses
$2,300.00 $29,729.76

Net Operating Income: $174,270.24 CAP RATE: 6.6%
ASKING PRICE: $2,650,000





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VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY

BROOKLYN, NEW YORK
Location nearby to Herkimer Street

Lot Size: 18' x 68'
Zoning: (FAR) R6B (2.0) Height Limit 50’
Buildable Sq. Ft: 2,448
Taxes: (21/22) $1,680.80
Description:

A vacant lot which has 2,448 buildable square feet. The lot size makes the property a prime development opportunity. A developer can build a five story apartment building. The units can be five floor-through apartments or ten two-bedroom apartments.

The property is located two blocks from the J & Z trains on Fulton Street & Van Siclen venue. This gives quick access to Downtown Brooklyn and the City. The property is off Atlantic and Liberty Avenue, which has a lot of stores and restaurants.
ASKING PRICE: $450,000 Reduced
OR $184 PER BUILDABLE SQUARE FOOT

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in the popular neighborhood of Bedford Stuyvesant. The property is a 40'-wide, three-unit, four-story corner mixed-use building. The first floor has a grocery store, while the second, third, and fourth floors each has a two-bedroom floor-through apartment.

The building would be ideal for investors looking to add value. The apartments can be converted into three-bedroom apartments. An investor can also convert the building into six units or two units per floor.

The property has great commercial exposure/ The J train is located Gates and Halsey Street which is blocks away.


CORNER FOUR STORY MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location:
Lot Size: 40' x 49'
Building Size:
1st Floor: -40' x 49' irr = 985
2nd Floor: 40' x 49' irr = 985
3rd Floor:-40' x 49' irr = 985
4th Floor:-40' x 49' irr = 985
Stories: 4
Gross Square Feet: 3,950
Zoning:(FAR) R6 (2.43) with a C2-4 Overlay (2.0)
Buildable Sq. Ft: 3,067
Air Rights: No Air Rights
Assessment: $139,641 (22/23)
Real Estate Taxes: $17,129.76
Description:
A 40’ wide three unit four story mixed use building. The property has a store on the ground floor, which also occupies the basement. Floors two through four are each two-bedroom floor-through apartments.

The ground floor has 12’ ceilings and the upper floors each has 10’ ceilings. The units are individually metered for gas and electric. The meters, gas boiler and water heater are in the basement. The roof is rubber with silver coating and in good condition. The property gets great sunlight and is located in an area with lots of development.

The property is a prime investment opportunity, an investor can add value by renovating the apartments and giving each unit their own boiler and water heater. The building has a great location that has excellent commercial and residential exposure. Located on the corner of Broadway & Madison Street the property gets a lot of foot traffic from the north and south side of Broadway which has the Gates and Halsey J train stops.

The property is also a great user opportunity, a user can have a business on the ground floor and live in one of the units above and rent out the other apartments for income.
ASKING PRICE: $2,650,000 CAP RATE 6.6%


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TWO STORY TWO UNIT APARTMENT BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
OPPORTUNITY ZONE

BROOKLYN, NEW YORK
Location: nearby to East 29th Street

Lot Size: 20' x 90'
Building Size:
Basement: ---20' x 55' = 1,100
First Floor: ---20' x 55' = 1,100
Second Floor:20' x 55'= 1,100
Stories: Two Plus Full Basement
Gross Square Feet: 2,200 appx
Zoning: (FAR) R6 (2.43) Height Limit 70’
Buildable Sq. Ft: 4,374
Air Rights: 2,174Sq. Ft
Taxes: (22/23) $3,004.92
Description:

A 20’ wide 2-unit two story building. The first floor is a three bedroom floor-through garden apartment. The second floor is a three-bedroom floor-through apartment. The units have 10’ ceilings and get great sunlight. The units are individually metered for cooking gas and electric. All the meters are in the basement.

The property is a prime investment opportunity, an investor can renovate the apartments and rent them at fair market value. The units can each have their own boiler and water heater. The first floor unit can be duplexed with the basement, which would it more value.

The property is also a great user opportunity, a user can convert the first floor into a three bedroom floor- through duplex apartment and rent out the upper floor for income. The building is close to Nostrand & NewKirk Avenue and has access to the 2 & 5 trains. Nostrand Avenue has fine retail stores, super markets and good restaurants. Note: The owner is in court with the first floor tenant who is not paying and the second floor is vacant. There are also people in the basement.



Net Operating Income: $60,595.08 CAP RATE: 6.1%

ASKING PRICE: $950,000

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THREE STORY THREE FAMILY BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY

BROOKLYN, NEW YORK
Location:nearby to Albemarle Road

Lot Size: 18' x 50'
Building Size:
Basement: ---18' x 45' = 810
First Floor: ---18' x 45' = 810
Second Floor:18' x 45' = 810
Third Floor:---18' x 45' = 810
Stories: Three Plus Full Basement
Gross Square Feet: 2,430 appx
Zoning: (FAR) with a C2-3 Overlay (2.0) Height Limit 70’
Taxes: (21/22) $5,047.20
Description:

A three story three-unit three story building. The property has a two-bedroom apartment on the first floor. This unit has access to the back yard and basement. The second floor is a two-bedroom floor-through apartment. The third floor is a renovated vacant two-bedroom floor-through apartment.

The units have a full kitchen and full bathroom and are individually metered for gas and electric. The meters are in the basement and the boiler and water heater is gas.

The property is a prime investment opportunity, since the units are free market an investor can add value by updating the apartments and giving each unit their own boiler and water heaters. The first floor can be converted into a store, the second floor can be commercial or residential. The third floor can have a two studio units one to the front and one to the back.

The building is also a great user opportunity, a user can occupy the first floor to create a duplex garden apartment with the basement. The second and third floors can be rented for income. The zoning allows the first floor to be converted into commercial space. This would allow a user to have their business on the first floor.

The property is located on a busy block with lots of foot traffic, there are nice retail stores, super markets and restaurants in the area. The B49 bus stops on Rogers & Tilden Avenue, 2 & 5 train is on Beverly Road & Nostrand Avenue. Please note: The second floor is occupied by the past owner and the current owner is in court with him. The first floor tenant is leaving and the third floor is vacant.



ASKING PRICE: $1,250,000 CAP RATE: 5.8%

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FIVE LOT DEVELOPMENT SITE PACKAGE FOR SALE
128’ WIDE BLOCK THROUGH DEVELOPMENT SITE FOR SALE
PRIME DEVELOPMENT OPPORTUNITY
NEW YORK, NEW YORK
Location: lower east

Lot Size: 79’ x 100’ /, 128’ x 100’
Lot Square Footage: 20,700
Zoning: (FAR) R7-2 (3.44)
Total Buildable Square Feet: 71,208 (with community facility its 134,550 with a FAR of 6.5) Height limit 80’
Real Estate Taxes: $276,978.96
Description:

A 79’ wide vacant lot along with a 128’ wide vacant lot they both have a total of 71,208 square feet of buildable air rights for residential development. A property of 134,550 square feet can also be built and would include community facility and residential units.

The lot is in a neighborhood that is undergoing lots of development with new hotels and condo buildings. The height limit for new developments in the area is 80’ which will give the upper floors great views of the East River and both Brooklyn and Manhattan Bridges. The zoning allows for a residential building to be built. The project would be great for a building with luxury residential condos or rental apartments.

The property is close to the F train on East Broadway and Rutgers Street which also has fine retail stores. Close to both Manhattan and Brooklyn Bridges and FDR Drive. The property is rented to a garage company which is paying $10,000 per month and they are on a month-to-month basis.

THE TOTAL BUILDABLE FOR ALL FIVE SITES IS 71,208 SQUARE FEET. THE PROPERTIES MUST BE SOLD AS A PACKAGE.
ASKING PRICE: $46,500,000.00 $653 PER BUILDABLE SQUARE FEET


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, the property is a 2-unit renovated four story double duplex building. The first and second floor is a four bedroom duplex apartment. The third and fourth floor is also a four-bedroom duplex apartment.

The property is a great user opportunity, they can occupy one unit and rent out the other. The building is also great for an investor since it's renovated and both units have their own utilities they can rent for full market rate.


FOUR STORY VACANT RENOVATED BUILDING FOR SALE
TWO DUPLEX APARTMENTS
EXCELLENT USER/INVESTMENT OPPORTUNITY

BROOKLYN, NEW YORK
Location: near to Schenectady Avenues

Lot Size: 13' x 120'
Building Size: 13' x 56'
-------------------13' x 56'
-------------------13' x 56'
-------------------13' x 56'
Stories: 4
Gross Square Feet: 2,912
Zoning:(FAR) R6 (2.43)
Buildable Sq. Ft: 3,791
Air Rights: 879
Real Estate Taxes: $8,602.52
A 2-unit four story renovated building. The units are both duplex apartments with four bedrooms and 2.5 bathrooms each.
First & Second Floor Duplex:
The first floor of the duplex apartment has a living room, full kitchen and a back bedroom which has access to the backyard. The half bathroom is also located on this floor.

The second floor has the master bedroom which has a full bathroom. This bedroom is located at the back with views of the backyard. There’s a full bathroom in the hallway, along with a middle bedroom and a big bedroom at front.
Third & Fourth Floor Duplex:
The third floor of the duplex apartment has a living room, full kitchen and a back bedroom which has views of the backyard. The half bathroom is also located on this floor.

The fourth floor has the master bedroom which has a full bathroom. This bedroom is located at the back with views of the backyard. There’s a full bathroom in the hallway, along with a middle bedroom and a big bedroom at front.
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The units have been beautifully renovated with nice wood floors, the bedrooms have good size closets. The kitchens have stainless steel appliances along with washer & dryer. Both units have 10’ ceilings and get great sunlight. They are individually metered for gas and electric and have their own boilers and water heaters. The heating is base board. The meters are located outside the building and the property does not have a basement.

The property is a great user opportunity, they can occupy one apartment and rent out the other. An investor will like the property because it’s renovated and free market which can rent for top dollar. The property is near from Utica Avenue and two blocks from Eastern Parkway which has the 2, 3 and 4 trains.
ASKING PRICE: $1,800,000


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