assorted new york city property off market

Listing Id: 20

off market


VACANT LOT FOR SALE
PRIME DEVELOPMENT OPPORTUNITY

BROOKLYN, NEW YORK
Location: nearby Schenectady Avenues

Lot Size: 20' x 100'
Lot Square Footage:2,000 (Approx)
Zoning: (FAR) R4 (1.35) Height Limit 35’
Total Buildable Square Feet:Community Facility (2.0) 4,000 Square Feet “appx”
5,240 (2,700 includes 20% attic allowance and duplex basement with 1st fl)
Assessment:$2,794 (22/23)
Real Estate Taxes:$567.44
Description:

A 20’ wide vacant lot on a nice residential block that close to fine retail stores and restaurants on Eastern Parkway and Utica Avenue. The property has easy access to the 2, 3 and 4 trains within 15 minutes the tenants or new owner of the property can be in Manhattan and within 10 minutes in downtown Brooklyn. The B46 bus runs along Utica Avenue and goes into the neighborhood of East Flatbush and to Kings Plaza.

The lot is located on a nice residential block, the zoning allows for a residential building to be built. The new property can be a single, a two or three family building. The property can have a front yard for plants and flowers or for on-site parking. There’s an attic allowance of up to 20% for inclusion of space under the pitched roof. The basement can be duplexed with the first floor to get more square footage. The attic space would give an extra 540 square feet, plus the basement can be built full for 2,000 square feet below grade. That would be 2,540 square feet, plus the 2,700 square feet buildable. The property would be a total of 5,240 square feet basement included.

The property is located in an area that under a lot of development. When the units are built there will be a lot of demand for them from young professionals and artists from the city and the local neighborhood. They love the fact that Crown Heights via train is not far from the city and is close to Bedford Stuyvesant and Williamsburg where prices for units are less than Manhattan. All these factors makes this a prime development opportunity that a developer will enjoy developing.
PRICE REDUCED TO: $2,000,000
OR $382 PER BUILDABLE SQUARE FOOT

________________________


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

BROOKLYN, NEW YORK
Location: Albemarle Road area

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%

__________________________



CORNER VACANT THREE STORY BUILDING FOR SALE
PRIME USER/DEVELOPMENT OPPORTUNITY


NEW YORK, NEW YORK
Location: lower east/chinatown area

Lot Size: 18' x 80'
Building Size:
Basement:------18' x 80' = 1,440
First Floor: -----18' x 80' = 1,440
Second Floor:--18' x 80' = 1,440
Third Floor:-----18' x 80' = 1,440--
Stories: Three (3) Plus Full Basement
Gross Square Feet: 4,320 approximately
Zoning: (FAR) C6-2: (6.0) R8 Equivalent (6.02) Height Limit 120'
Buildable Square Feet: 8,700
Available Air Rights: 4,380
Assessment: (22/23) $431,550
Taxes: (22/23) $45,942.84
Description: A three story corner commercial building which has a store on the ground floor the upper two floors are being used for storage. The building also has a side entrance, fire escape and windows . There is also a full basement.

The building is a prime user opportunity a restaurant, pharmacy or art gallery, super market can occupy the fist and second floors and use the third as an office. The property is in need of a complete gut renovation and is being sold vacant in “as is” condition. The property is also a prime development opportunity because the zoning allows an 8,700 square foot building to be built, which can be used as commercial or mixed use. The building is land marked.

Basement: The basement is built full with 8’ ceilings; there is access to the basement from inside and outside the building. The building has one gas and one electric meter which are in the basement.

Ground Floor: The ground floor has 11’ ceilings with a front entrance on Grand and a side entrance on Ludlow Street.

Second Floor: This floor has 12’ ceilings and has loft like open space.

Third Floor: The third floor has 10’ ceilings with access to the back which leads to the roof. Above the third floor is the attic which has never been used and is covered by the pitch roof. Please feel free to contact me for a full tour.

ASKING PRICE: $6,000,000

___________________________________






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

BROOKLYN, NEW YORK
Location: near to Buffalo Avenues area

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'
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.

REDUCED ASKING PRICE: $3,900,000 CAP RATE 6.7%
OR $185 PER BUILDABLE SQ. FT

_______________________________



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

BROOKLYN, NEW YORK
Location: near 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: $800,000
OR $160 PER BUILDABLE SQUARE FOOT

_______________________________



FIVE STORY COMMERCIAL LOFT BUILDING FOR SALE
PRIME INVESTMENT/USER OPPORTUNITY

NEW YORK, NEW YORK
Location: near to Broome Streets

Lot Size: 25' x 100
Building Size:----0100' = 2,500
Sub-Basement:--x25' x 600=1,500 Sq. Ft
Basement:0000-/x25' x 100= 2,500 Sq. Ft
Ground Floor0:--x25' x 95'/= 2,375 Sq. Ft
Second Floor0:--x25' x 95'-= 2,375 Sq. Ft
Third Floor000:--x25' x 80'-= 2,000 Sq. Ft
Fourth Floor00:-/x25' x 80' = 2,000 Sq. Ft
Fifth Floor0000:-x25' x080' = 2,000 Sq. Ft
Stories:-(5) Plus Basement
Gross Square Feet: 10,750 approximately Above Grade
Zoning:M1-5B: (5.0) Soho Cast Iron Historic District
Assessment: $2,680,200 (21/22)
Real Estate Taxes: $288,255.52
A 25’ wide four-unit five-story mixed-use elevatored loft building.
The property has a store on the ground floor and four floor-through units above. They are all floor-through commercial loft apartments with elevator key access per floor. The units have nice wood floors with 12' to 14' ceilings, full kitchen & bathroom. They all get great sunlight. The building is sprinklered throughout and has a HVAC system except for the fourth floor. The units are individually metered for electric and no gas, with the electric meters in the basements. The stoves are electric; The property is in good condition and well kept. The units are perfect for live work.

The property is located in a high traffic area with prime high-end retail stores like Banana Republic and Forever 21. The property has great modes of transportation it’s close to the 6, N, R, B, F and M trains. The building is a prime user opportunity, a user can have a store on the ground floor and also have more space by occupying both basements and have an office and live in one of the units above. The units can also be converted to condos and sold to residential and commercial users.

The building also makes a prime investment opportunity because the store has a lot of space, which many retail tenants like, as it can be perfect for a bank or high end clothing and bag store. The investor can also rent out each floor to two tenants in a bad economy by putting a wall in the center of each unit. All the units are ready to be rented and each tenant is responsible for their own utilities.

ASKING PRICE: $25,000,000

______________________________


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

BROOKLYN, NEW YORK
Location:near 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: (21/22) $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: $1,000,000 reduced to
$950,000

_____________________

VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY

BROOKLYN, NEW YORK
Location near 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: $500,000
OR $204 PER BUILDABLE SQUARE FOOT


———————-


Brooklyn, NY 11233

Details
Property Type
Multifamily
Subtype
Apartment Building
Investment Type
Value Add
Investment Sub Type
Redevelopment
Class
B
Square Footage
5,700
Price/Sq Ft
$657.89
Cap Rate
5.13%
Pro-Forma Cap Rate
6.97%
Occupancy
100%
NOI
$192,292
Pro-Forma NOI
$261,292
Air Rights (sq ft)
1,800
Units
5
Buildings
1
Stories
2
Zoning
R6B
Lot Size (sq ft)
3,750
Price/Unit
$750,000
Ownership
Local
Marketing Description
A package of five buildings on one lot.​ The property has five apartments and a corner commercial space on the ground floor.​ All the units are free market and delivered vacant.​ The apartments are four three-bedroom units and one unit is a one-bedroom apartment over the store.​



The property is a prime investment opportunity, an investor can always rent out the apartments at full market value.​ The units have been renovated with new full kitchen and bathroom, nice wood floors and beautiful expose brick walls.​ There will always be a strong demand for the units since each apartment is a separate building and is close to the A & C trains and Fulton Street.​



The building is a prime user opportunity, a user can use the commercial space as a store or office to have their business live in two units and rent out the other three apartments.​ The property also makes a great development opportunity, a developer can duplex the top floor by adding on the 1,800 square feet of air rights and then separate the tax lots and sell the five buildings individually.​



The property is in an area that under a lot of development and close to all modes of transportation.​ The A and C train is on Ralph & Fulton Street within 10-15 minutes the new owner or owners will be in the city.​ The building has great residential exposure the units get great sunlight.​ The corner commercial space has great commercial exposure and would be great for any retail or office use.​.​

Investment Highlights
Income:

Unit Description Unit Type Rev Projected

: 1 1 Bd Apt Free Market $2,400 $2,650

Store $0.00 $3,500



: 2 3 Bd Apt Free Market $4,000 $4,500



: 3 3 Bd Apt Free Market $4,000 $4,500



: 4 3 Bd Apt Free Market $4,000 $4,500



: 5 3 Bd Apt Free Market $4,000 $4,500





Monthly Income: $18,400 $24,150

Annual Income: $220,800 $289,800



Expenses:



Real Estate Taxes:

$14,707.40

Water & Sewer:

$2,400.00

Insurance:

$3,700.00

Heat (Gas):

$3,200.00

Electric: (common areas)

$2,200.00

Repairs & Maintenance:

Total Annual Expenses

$2,300.00

$28,507.4



Projected Net Operating Income: $261,292.6 CAP RATE: 6.9%



ASKING PRICE: $3,750,000

———————





THREE STORY THREE UNIT BUILDING FOR SALE
EXCELLENT INVESTMENT/USER/DEVELOPMENT OPPORTUNITY
OPPORTUNITY ZONE
BROOKLYN, NEW YORK
Location: near to Eastern Parkway

Lot Size: 20' x 100'
Building Size:
Basement: ---20' x 40' = 800
First Floor: ---20' x 40' = 800
Second Floor:20' x 40' = 800
Third Floor:---20' x 40' = 800
Stories: Three Plus Full Basement
Gross Square Feet: 2,400 appx
Zoning: (FAR) R6: (2.43) Height Limit 70’
Buildable Sq. Ft: 4,860
Air Rights: 2,460 Sq. Ft
Taxes: (22/23) $2,226.08
Description:

A 20’ wide 3-unit three-story building. The apartments are all two-bedroom floor-through units, with a full kitchen and bathroom along with a living/dining area. The property is individually metered for electric and gas. The first floor has access to the basement and back yard.

The property is a prime investment opportunity, an investor can renovate the apartments and charge market rents for them. The units can have their own boilers and water heaters.

The building makes a great user opportunity, they can live on the first floor and rent out the second and third floors for income. They can also duplex the first floor with the basement to create a duplex garden apartment.

The property is prime development opportunity, a developer can renovate the units and rent them at full market value. The air rights can be used to extend the floors another 30’ at the rear, turning each apartment into a four bedroom unit. The top floor can also be developed into a duplex apartment.

Ocean Hill is under a lot of development with new buildings and retail stores being built. There is easy access to Downtown and Manhattan via Broadway Junction Station which has the A, C and L trains. Note: The first floor is on a month to month basis, owner is in court with the second floor tenant. They are leaving and the owner will compensate the new owner at $2,500 for six months. The third floor is on a month to month basis.



Net Operating Income: $66,773.92 CAP RATE: 4.5%

ASKING PRICE: $1,500,000


————————



THREE STORY MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
near to Fulton Street
20’ x 80’
Location: Block:
Lot Size:
Building Size:
Stories:
Gross Square Feet:
Zoning: (FAR)
Total Buildable Square Feet: Total Available Air Rights: Assessment:
Real Estate Taxes:
Description:
:
Basement:
1st Floor:
2nd Floor: Duplex Rear 20’ x 50’ = 1,000 3rd Floor: Duplex Rear 20’ x 50’ = 1,000
Three (3)
3,000 (Approximately)
R7D (4.2) with a C2-4 Overly (2) Height Limit 100’ 6,720
3,720
$14,092 (22/23)
$2,861.96
A 20’ wide 3-unit three story corner mixed-use building. The property has a Pharmacy on the ground floor. The second floor has a one-bedroom apartment located to the front. To the back is a duplex two-bedroom apartment which goes from the second to the third floor. The third floor front unit is a studio apartment.
The building is a prime investment opportunity because since the units are free market they can be renovated to add more value. The corner location gives the property great commercial and residential exposure. This will always make the store and apartments be in high demand.
The property is also a great development opportunity, with 3,720 square feet of air rights this can be used to redevelop the property. The store can be built full, along with adding two more floors to the building. The commercial overlay allows the second floor to be developed into commercial or residential space.
20’ x 50’ = 1,000 20’ x 50’ = 1,000

Projected Revenue: Income:
Store: Store Second Floor: 1F Third Floor: 2 Third Floor: 3F
Unit
Description Pharmacy
1 Bd Apt
2 Bd Duplex Free Market
Unit Type Commercial
Rev $6,000
$1,600
$2,200
$1,600 $11,400 $136,800
Lease 1/26
4/23 4/23 4/23
Projected $8,500
$1,950
$2,500
$1,750 $14,700 $176,400
Studio
Free Market
Free Market
Monthly Income: Annual Income:
Expenses:
Real Estate Taxes: Water & Sewer: Insurance:
Heat (Oil):
Electric: (common areas) Repairs & Maintenance: Total Annual Expenses
$2,861.96 $2,800.00 $3,400.00 $3,200.00
$1,200.00 $2,300.00 $15,761.96
$121,038.04
Net Operating Income:
Projected Net Operating Income: $160,638.04 CAP RATE: 6.2%
ASKING PRICE: $2,600,000


reply for address,circumvention prohibited