assorted new york city property off market

Listing Id: 19

off market


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

BROOKLYN, NEW YORK
Location:nearby 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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THREE STORY MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT, USER/DEVELOPMENT OPPORTUNITY
VACANT
OPPORTUNITY ZONE

BROOKLYN, NEW YORK
Location: near by Marcus Garvey Blvd

Lot Size: 21' x 100'
Building Size:
First Floor:---------21' x 60' = 1,260
Second Floor: ----21' x 60' = 1,260
Third Floor:--------21' x 60' = 1,260
Stories : 3
Gross Square Feet: 3,780
Zoning: (FAR) R7D (4.2) with a C2-4 Overlay (2.0) Height Limit 100’
Buildable Sq. Ft: 8,715
Air Rights: 4,935
Assessment: $16,139 (22/23)
Real Estate Taxes: $3,277.68
Description:
A 21’ wide four unit three story mixed use building. The property has a store on the ground floor, which also has access to the basement and back yard. The second floor has two one-bedroom apartments. The third floor also has two one-bedroom apartments. The units are located to the front and back of the building they have 10’ ceilings and get great sunlight.

The second and third floors have their own gas boilers and gas water heaters. The second and third floors are individually metered for gas and electric. The property is vacant and in need of renovation. There’s a lot of original detail in the apartments and stairs that add value to the property. Please note: The property originally was a three story building with a store on the ground floor and two apartments above as stated on the C Of O. The owner bought it with a store on the ground floor and four apartments above.

The property is a prime investment opportunity, an investor can rent out the store and have the tenant renovate it. The second and third floors can be renovated and rented for $2,500 for each apartment. The property is located on a nice mixed-use area which is close to shopping and all modes of transportation. There’s a lot of foot traffic coming from the J and M trains on Broadway & Myrtle Avenue which is two blocks away.

The property is also a great development opportunity, a developer can build a new 8,715 square foot building. The commercial overlay allows the first and second floors to be commercial and can be built full. The third floor unit would have a big out door space to the back. The height limit allows a ten story building to be built.

The building is great for a user, they can have a store on the ground floor and fix up the apartments above and rent them for income. The apartments need cosmetic renovation and the stairs need to be replaced. The units get great sun light and are free market. There’s also the potential to put a billboard on the side of the building.


ASKING PRICE: $2,500,000

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RENOVATED SIX STORY COMMERCIAL BUILDING FOR SALE
PRIME USER/INVESTMENT OPPORTUNITY
NEW YORK, NEW YORK
Location: nearby Market Streets

Lot Size: 50’ x 100’
Building Size: Basement: 50’ x 95’ irr = 4,026
Store: 50’ x 95’ irr = 4,026
2nd Floor: 50’ x 95’ irr = 4,026
3rd Floor: 50’ x 95’ irr = 4,026
4th Floor: 50’ x 95’ irr = 4,026
5th Floor: 50’ x 95’ irr = 4,026
6th Floor: 50’ x 95’ irr = 4,026
24,157 Above Grade
28,183 Below Grade
Stories: Six (6) Plus Full Basement
Gross Square Feet: 24,157 (Approximately)

Zoning: (FAR)
Total Available Air Rights: Assessment:
Real Estate Taxes:
C6-1G (6.0) R7 Equivalent (3.44) 5,843
$2,535,300 (21/22)
$272,671.52

Description: A 50’ wide 5-unit six story elevatored commercial building. The property has two stores on the ground floor, floors two through six
are floor-through commercial units. The units have 14’ ceilings on
the ground and second floor, 13’ ceilings on the third and fourth
floors and 12’ ceilings on the 5th and 6th floors. They have nice
expose brick, pine wood floors, new bathrooms. The units are all
open spaces that have windows on three sides and get great sunlight.
The building has been completely renovated with new windows, new
elevator, sprinkler system, new HVAC system nice art deco lobby.
The basement has 9’ ceilings with access to the back yard. The
mechanicals gas and electric meters, elevator room, and sprinkler
system room are all in the basement.
The property is a prime user opportunity, a user can have a retail
store on the ground floor and use the upper floors as office space. A
corporate company like a hedge fund can rent out the two stores on
the ground floor and occupy the upper floors for their business. The
retail tenants can duplex the ground floor with the basement. The
space would be great floor a restaurant, clothing store, or office
space.
The property is also a great investment opportunity, since the
building is renovated and individually metered, each floor can be
rented at full market rate for office space. At $65 to $75 a foot for the
office space and $80 to $100 a foot for the retail space. The building
is internet and cable ready. These amenities in the building will
create a big demand for tenants to rent them and increase the cap rate
of the property.
The new owner also has the option of doing a condo conversion to
the building. They can sell off the office spaces each for $1,200 a
foot which would pay for the building and sell the store as their profit
or keep it for income.
The building is located in an area that has high foot traffic with a
strong demand for retail and office space. The F train is located on
East Broadway & Rutgers Street, the B and D train is on Grand &
Chrystie Street, Seward Park is close by.
Income:
Unit Description Unit Type Revenue: Lse Exp

1st Fl: Store Store
Commercial Commercial
$24,549 Plus $500 common charge
$10,000 Plus $500 common charge
10/31/26 3/31/27

2nd : #1 Office Space Commercial $24,312 plus $500 CC
6/30/29

3rd Flr: #2 Office Space Commercial $25,000 proj Vacant 4th Flr: #3 Office Space Commercial $25,000 proj Vacant

2/28/24

5th Flr: #4 Office Space Commercial $19,626 plus $500 CC

6th Flr: #5 Office Space Commercial $25,000 proj Vacant Total Monthly Projected Income: $155,487 Total Annual projected Income: $1,865,844
Real Estate Taxes: $272,671.52 Water & Sewer: $23,000 Insurance: $16,000 Fuel gas:(HVAC PAID BY TENANT) $0.00 Electric: (common areas) $4,000

Repairs & Maintenance: Super:
Management 2%:
Total Annual Expenses:
$5,000
$12,300
$37,320
$370,291.52
Net Operating Income: $1,495,552.48

ASKING PRICE: $25,500,000 CAP RATE: 5.9%



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VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location: nearby 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 studio apartments. The property can also be a three or four family building.

The property is located two blocks from the J & Z trains on Fulton Street & Van Siclen Avenue. 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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