assorted new york property off market

Listing Id: 10

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 BUILDING FOR SALE
PRIME USER/DEVELOPMENT OPPORTUNITY
NEW YORK, NEW YORK
Location:lower east

Lot Size: 21' .92'' x 75'.17''
Building Size:
Basement: ------21' x 75' = 1,648
First Floor: ------21' x 75' = 1,648
Second Floor:--21' x 75' = 1,648
Third Floor:-----21' x 50' = 1,096
Stories: Three (3) Plus Full Basement
Gross Square Feet: 4,392 approximately
Zoning: (FAR) C6-2: (6.0) R8 Equivalent (6.02) Height Limit 120'
Buildable Square Feet: 9,920
Available Air Rights: 5,528
Assessment: (21/22) $96,750
Taxes: (21/22) $10,405.48
A three story vacant commercial building which is built full on the ground and second floors. The third floor is built 50’ deep. The property needs a complete gut renovation.

The property is a prime user opportunity. An art gallery, restaurant or doctor’s office can occupy the ground floor, the second floor can be used for office or living. The third floor can be developed into rental or condo apartments. The ground floor would also be great for a fast food restaurant, a bank or adult daycare.

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 in the basement.

The ground floor has 12’ ceilings with a front entrance Great retail location,

The second floor has 12’ ceilings and has loft like open space.

The third floor has 12’ ceilings and access to outdoor space which the roof of the second floor.

ASKING PRICE: $4,950,000

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FOUR STORY COMMERCIAL BUILDING FOR SALE
PRIME DEVELOPMENT OPPORTUNITY
SOLD WITH APPROVE PLANS FOR 30 UNIT BUILDING & 421A TAX ABATEMENT

BROOKLYN, NEW YORK
Location nearby to Arlington Place

Lot Size:60’ x 100’ irr
Lot Square Footage: 5,457
Zoning: (FAR) C4-5D (4.2) Equivalent R7D (4.2) Height Limit 135’
Total Buildable Square Feet: 30,585
Real Estate Taxes: $63,884.76 421 Tax Abatement For 35 Years.
Description:

A 60’ x 100’ development site which is being sold with approved plans that will be a 60’ wide 30 unit eight story luxury elevatored mixed-use building. The property will have a store on the first floor which will be duplexed with the basement. The first floor will also have a two-bedroom apartment, a one- bedroom apartment and a parking garage. The upper floors will each have four units per floor, two of the apartments will face the front of the building and the other two will face the back. The units will be two, two-bedroom apartments and two, one-bedroom apartments per floor.

The two-bedroom apartments will have two full bathrooms, a full kitchen along with a living/dining area. The one-bedroom apartments will have a full kitchen, a full bathroom along with a living/dining area. The basement has storage space, the sprinkler room, electric and gas room along with a gym. The building also has a top roof deck.

The property is on a block with lots of foot traffic and fine retail stores and restaurants. The A & C train is one block away on Nostrand & Fulton also Nostrand & Franklin Avenue. The site is within 5 to 10 minutes from the Barclays Center and Atlantic Terminal Mall via train. Also within 20 minutes to the city. There is a strong demand for new apartments in the area with amenities and close to public transportation.
ASKING PRICE: $7,775,000.00 $254 PER BUILDABLE SQUARE FEET


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26’ WIDE 16 UNIT FOUR STORY APARTMENT BUILDING FOR SALE
14 UNITS ARE VACANT
EXCELLENT INVESTMENT OPPORTUNITY

NEW YORK, NEW YORK
Location nearby to Hankcock Streets

property in foreclosure

Lot Size: 26' x 100'
Building Size:---
Basement: ------26' x 80' irr = 1,960
First Floor: ------26' x 80' irr = 1,960
Second Floor:--26' x 80' irr = 1,960
Third Floor:----- 26' x 80' irr = 1,960
Fourth Floor: ---26' x 80' irr = 1,960
Stories: Four (4) Plus Full Basement
Gross Square Feet: 9,500 approximately
Zoning: (FAR) R6B: (2.0) No Air Rights
Assessment: $247,500 (21/22)
Taxes: (21/22) $30,360.84
A 26’ wide 16 unit four (4) story apartment building. The property has four units per floor, they are located to the front and back of the building. The apartments are a mixture of studios and one-bedroom units. Seven of the units are free market and nine are rent stabilized. All the apartments are individually metered for gas and electric. The basement has a unit, which is unfinished. There is a lot of upside in the rents since they are averaging under $1,300 per apartment.

There is a lot of upside in the vacant units and the area is under a lot of development and strong demand for studio and one-bedroom apartments. There are fourteen vacant apartments and two occupied apartments. The vacant apartments can be combined to take them out of rent stabilization. They can be converted to condos or luxury rental apartments. We are in the process of getting all the units vacant. The closest train station is on Fulton Street and Utica Avenue, which makes access to Manhattan within 15 to 20 minutes. The property is on a nice residential tree line block that is close to retail stores and community parks. All these factors makes the property a prime investment opportunity. The property is also in receivership until sold. There are fourteen units vacant.



ASKING PRICE: $4,350,000


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

BROOKLYN, NEW YORK
Location:Nearby to Clarendon Road

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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33’ WIDE THREE STORY MIXED USE BUILDINGS FOR SALE AS A PACKAGE
PRIME USER/INVESTMENT OPPORTUNITY

NEW YORK, NEW YORK
Location: nearby to Pell Streets

Lot Size: 21’ x 37’ irr /t, 12’ x 30’ irr
Square Footage: 4,128
Stories: 4 & 3
Zoning: (FAR): C6-1: (6.0) R7 equivalent (3.44)
Total Buildable: 6,56
Available Air Rights: 2,328
Assessment: $455,400
Real Estate Taxes: $48,481.92 (22/23)
property 1 is a 21’ wide 4-unit three story mixed use building with a lower level below the first floor. The lower level has a store. The first floor was a Beauty Salon it’s now vacant. The second floor is a vacant floor- through office which was a dental office. This space is open and column free with 11’ drop ceilings. The third floor is a two-bedroom floor-through apartment which has an open kitchen eating area and living room. The unit also has a full bathroom with a small room for the HVAC unit. This apartment has 12’ ceiling and can be converted into a one bedroom apartment or office. Both apartments have excellent sunlight from the front and more windows can be added to the back. The hallways have 14’ ceilings with beautiful metal and tiled staircases. The building does not have a boiler each unit has a HVAC system and baseboard heat.

property 2 is a 12’ wide 1-unit three story mixed use building. There is a vacant store on the ground floor with 11’ ceilings and white tiled floors. The store is duplexed with the basement which has 7’ ceilings nice open space and a half bathroom. The second and third floor is a duplex residential floor-through space. The second floor is a floor through open space with 12’ drop ceilings. Third floor has it’s on entrance is also a floor through residential space with a full bathroom. This floor has 10’ drop ceiling and nice wood staircase in the hallway. The building has a HVAC system and each building has its own water and gas meters.

The properties are a prime investment opportunity because the units are not subject to rent stabilizing. An investor can rent out the units for the maximum amount. Since the buildings have another 2,300 square feet of air rights another two floors can be added without an elevator. The properties are also a prime user opportunity; a user can convert property 2 into a separate townhouse and have an office on the ground floor and a duplex apartment above. This would allow them to keep property 1 as an investment.

ASKING PRICE: $4,500,000

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109’ WIDE FIVE STORY MIXED USE BUILDING FOR SALE
EXCELLENT INVESTMENT OPPORTUNITY

OPPORTUNITY ZONE
NEW YORK, NEW YORK

Location: inwood

Lot Size: 109’ x 170’
Building Size:
Basement: ---109' x 146' irr = 8,886 Sq. Ft.
First Floor: ---109' x 146' irr = 8,886 Sq. Ft.
Second Floor:109' x 146' irr = 8,886 Sq. Ft.
Third Floor:---109' x 146' irr = 8,886 Sq. Ft.
Fourth Floor: 109' x 146' irr = 8,886 Sq. Ft.
Fifth Floor: 109' x 146' irr = 8,886 Sq. Ft.
Stories: Five Plus Full Basement
Gross Square Feet: 44,430 appx
Zoning: (FAR) R7A (4.0) with a C2-4 Overlay (2.0) Height Limit 80’
Buildable Sq. Ft: 84,724
Air Rights: 40,294
Taxes: (22/23) $111,584.32
A 109’ wide 59 unit five (5) story mixed use building. 10th Avenue has two stores on the ground floor and four units at the back. The upper floors have seven apartments per floor. 10th Avenue has restaurant, on the ground floor and four units at the back. The upper floors each has seven apartments per floor. The property is a prime investment opportunity, an investor can add value by combining the two stores at 10th Avenue. The commercial overlay allows the second floor to be converted into commercial space. The property also has 40,294 square feet of air rights which can be used to develop the property into an eight story luxury mixed-use rental or condo building.

The heating system has been updated from oil to gas. The roof is new and the windows are new. The property is individually metered for gas and electric. The property has great retail exposure along Tenth Avenue, the 1 train is down the block which is 207th Street & 10th Avenue.

The property would also make a great development opportunity, with 40,294 square feet of air rights the property can be developed into a luxury apartment building.



ASKING PRICE: $14,500,000 CAP RATE: 5.5%


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