assorted new york property off market

Listing Id: 13

off market

Location:

Lot Size: Building Size:
Stories:
Gross Square Feet: Zoning: (FAR)
Total Buildable Sq. Ft: Total Available Air Rights: Assessment:
Real Estate Taxes:
Description
20’ x 100’ Basement: Ground Floor: 2nd Floor:
20’ x 52’ = 1,040 sq. ft. 20’ x 52’ = 1,040 sq. ft. 20’ x 52’ = 1,040 sq. ft. 20’ x 52’ = 1,040 sq. ft.
THREE FAMILY THREE STORY BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
BROOKLYN, NEW YORK
near to Rogers Avenues

3rd Floor:
Three (3) Plus Basement
3,120 (Approximately) Above Grade
R6 (2.43) with a C2-3 Overlay (2.0)
4,860
1,740
$51,973 less 421A Tax Abatement $47,761 = $4,212 $886.44 The Tax Abatement Expires in 2025
A 20’ wide 3-unit three-story building, which was built in 2007.
The property has a two and a half bedroom floor-through garden apartment on the ground floor. The unit has a full kitchen and bathroom along with a living room and dining area a driveway and access to the backyard. There is also access to the basement from the first floor garden apartment. The basement has a half bathroom, which is a toilet; the basement is mostly open space with a utility room.
The second floor is a three-bedroom two-bathroom floor through apartment. There is a living room and dining area. The unit has nice wood floors throughout; the kitchen has cherry wood cabinet stainless steel appliances the bedrooms have good size closets. The apartment has 9’ ceilings and gets great sunlight.
The third floor is a three-bedroom two-bathroom floor through apartment. There is a living room and dining area. The unit has nice wood floors throughout; the kitchen has cherry wood cabinet stainless steel appliances the bedrooms have good size closets. The apartment has 9’ ceilings and gets great sunlight.
The property has a nice brick façade all the electric and plumbing is new. The building is individually metered for gas and electric the

units each have their own boilers and water heaters, which is located in the basement. When the property was built in in 2007 the city gave it a tax abatement which expires in 2025 this keeps the real estate taxes low. In exchange for this, the units are rent stabilized until the 421A tax abatement expires in 2025.
The property is a great investment opportunity there is a lot of upside when the 421A Tax Abatement expires. The investor can increase rents to market levels, the zoning allows commercial on the ground floor. The driveway can be developed into a store and be built back which would create front and back outdoor space for the second floor. The second floor can also be used as commercial, it can be an office or beauty salon. The foot traffic to
the commercial space will be from both Nostrand Avenue and Fenimore Street. The property also makes a great user opportunity, a user can live on the ground floor and duplex it with the basement for extra space and rent the other two units above for income.
Revenue:
First Floor:
Second Floor:
Third Floor: Monthly Inc: Storage: Parking: Annual Inc:
Expenses:
Unit 1 2 3
Description
2 and 1/2 Bedroom Apt
3 Bedroom Apt 3 Bedroom Apt
$886.44 $1,500.00 $2,300.00
$0.00
$1,200.00 $1,500.00 $7,386.44
Net Operating Income:
ASKING PRICE: $2,499,000
Unit Type Rent Stabilized Rent Stabilized Rent Stabilized
Revenue
$2,070.00
$2,034.00
$2,625.00 $6,729.00 $180.00 $160.00 $84,828.00
LXP Mo-Mo 4/30/22 5/30/22
Real Estate Taxes:
Water & Sewer:
Insurance:
Heat (Gas): Tenants have own boilers & water heaters.
Electric: (common areas) Repairs & Maintenance: Total Annual Expenses
$77,441.56 CAP RATE: 3.1%

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THREE STORY APARTMENT BUILDING WITH A DRIVEWAY AND FOUR CAR GARAGE FOR SALE
EXCELLENT USER/INVESTMENT/DEVELOPMENT OPPORTUNITY OPPORTUNITY ZONE

BROOKLYN, NEW YORK
near to Ralph Avenue
Lot Size: 46’ x 127’
Gross Square footage: 6,242 (Approx)
Zoning/FAR: R6 (2.43) Height Of New Building 55’

Stories:
Total Buildable:
Available Air Rights:
3
14,196 (with community facility FAR (4.8) 28,042 buildable) 7,954

Assess: (21/22) $112,994
Taxes: $13,818.72
BUILDING SIZE & DIMENSIONS
Area Square Feet /Square Feet

Basement: Ground Floor
29’ x 72’ irr 29’ x 72’ irr
1,888 Sq Ft 1,888 Sq Ft

Driveway

Driveway

Second Floor: 29’ x 72’ irr 1,888 Sq Ft 17’ x 17’ 289 Third Floor: 29’ x 72’ irr 1,888 Sq Ft 17’ x 17’ 289

Description: A 46’ wide seven unit three story apartment building. The property has a drive way to the side, to the back is a four car garage with
extra storage space located to the back of the garage. The building has a beautiful brick façade with a wide frontage. The apartments are mostly two-bedroom units with a living/dining area and a full
kitchen and bathroom. The apartments have been renovated with wood floors and stainless steel appliances. The bathrooms have been nicely tiled with modern bath tub and sink. All the units are free
market except for apartment 1, and are located to the front and back of the building. There’s also a rooftop terrace.
All the units are individually metered for gas and electric, all of
which is in the basement and in great condition. There’s a nice front porch on the first floor, nice gothic style front entrance. The
common area has a strong and wide stair case. The top floor has a nice skylight and access to the rooftop terrace.
The building has great access to transportation, the 2, 3, 4 and 5
trains is on Utica & Eastern Parkway. The B46 bus runs along Utica
Avenue and goes to Kings Plaza. Within 15 minutes the tenants can
be in downtown Brooklyn and 30 minutes in Manhattan.
The property is a great user opportunity, a user can occupy the first
two floor units by combing them and duplexing them with the
basement. The upper floors can be used for rental income. The
owner would have their own parking and collect income from the
other garages and driveway.
The building is also a great investment opportunity with upside
potential. When the units become vacant, the owner can give each
apartment their own boiler and water heaters. The garages and drive
way can be rented out for more income. The hallways can be
updated and would help the apartments get more income.
The property is also a great development opportunity. A developer
can develop the property into a 14,196 square feet five story
apartment building. The units can be a mixture of two and three
bedroom apartments. The property can also be developed into a
Church or Synagogue, with a buildable square footage of 28,042 for
community facility.
Unit Description Unit Type Revenue LXP Basement: 7 2-Bedroom Apt Free Market $1,750.00 Super

First Floor: 1F 2R
2-Bedroom Apt 2-Bedroom Apt
Rent Stabilized Free Market
$1,700.00
$1,900.00 Mo-Mo

Second Floor: 3F 2-Bedroom Apt Free Market $2,100.00 Mo-Mo 4R 2-Bedroom Apt Free Market $2,300.00 Mo-Mo
Third Floor: 5F 2-Bedroom Apt Free Market $2,000.00 Mo-Mo 6R 3-Bedroom Apt Free Market $2,650.00 5/15/23 Income For 3 Garages: $750.00 Income For 1 Garage: $250.00 Income For Storage Back of Garage: $500.00 Total Monthly Income: $15,900.00 Total Annual Income: $190,800.00
Expenses:

Real Estate Taxes: $13,818.72 Water & Sewer: $5,000 Insurance: $4,000 Heat (gas): $4,500 Electric: (common areas) $2,200

Repairs & Maintenance: Super:
Total Annual Expenses:
$1,800 $2,300 $33,618.72

Net Operating Income: $157,181.29 CAP RATE: 4.8% For Investor
$228 Per Buildable Square Foot For Developer
ASKING PRICE: $3,250,000

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ONE STORY COMMERCIAL BUILDING FOR SALE
EXCELLENT USER/DEVELOPMENT OPPORTUNITY

BROOKLYN, NEW YORK
Location: near to Tilden Avenues

Lot Size: 20' x 100'
Building Size:
Ground Floor: ---20' x 60' = 1,200
Stories: One
Gross Square Feet: 1,200 appx
Zoning: (FAR) R5 (1.25) with a C2-2 Overlay (1.0) Height limit 40’
Buildable Sq. Ft: 2,500
Air Rights: 1,300 Sq. Ft
Taxes: (21/22) $10,395.84
Description:

A 20’ wide vacant one story commercial building being used as an auto repair shop. The building is a great user opportunity; a user can use it for their business which can be a restaurant or grocery store. The property is also great for an investor, they can rent it to a laundry or a local gym or doctor office. The property can be delivered vacant.

The property is a prime development opportunity, the zoning allows a four story building to be built. The first floor can be commercial and the upper floors residential. The units can be floor-through apartments or two units per floor.

The building is located in an area with a lot of foot traffic and strong demand for new apartments. The B 46 bus runs along Utica Avenue and goes to Eastern Parkway which has access to the 3, 4 and 5 trains.

ASKING PRICE: $850,000

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25’ WIDE VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
OPPORTUNITY ZONE

BROOKLYN, NEW YORK
Location: near to area of Liberty Avenues

Lot Size: 25' x 100'
Zoning: (FAR) R6B (2.0) Height Limit 50’
Buildable Sq. Ft: 5,000
Taxes: (22/23) $1,523.20
Description:

A 25’ wide vacant lot which has 5,000 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 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: $600,000 Reduced
OR $120 PER BUILDABLE SQUARE FOOT

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

BROOKLYN, NEW YORK
Location: nearby Snyder Avenues

Lot Size: 20' x 100'
Building Size:
Basement: ---20' x 86' irr = 1,270
First Floor: ---20' x 86' irr = 1,270
Second Floor:20' x 86' irr = 1,270
Third Floor:---20' x 86' irr = 1,270
Stories: Three Plus Full Basement
Gross Square Feet: 3,810 appx
Zoning: (FAR) R5 (1.25) with a C2-2 Overlay (1.0) Height Limit 40’
Buildable Sq. Ft: 2,500
Air Rights: No Air Rights
Taxes: (22/23) $25,503.12
Description:

A 20’ wide five-unit three story mixed-use building. The property has a store on the ground floor, which is occupied by a café. To the back of the store is a studio apartment converted from a commercial event space. The studio unit is big enough to be converted into a two-bedroom apartment or connected to the store. The store can be delivered vacant.

The second floor has a two-bedroom apartment located to the front, to the back is also a two-bedroom apartment. The third floor has a two-bedroom apartment at the front, and a two-bedroom apartment to the back. The units have a full kitchen and full bathroom along with a living/dining area. The units have hard wood floors, 10’ ceilings with kitchens that have stainless steel appliances.

The gas & electric meters are in the basement along with the gas boiler and gas water heater. The store and studio unit have a HVAC system which is connected to the buildings boiler. The units above have radiators.
The property has a finished basement which has access to the backyard and court yard.

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. The first floor studio can be converted into a two-bedroom duplex garden apartment and rent for $3,500 per month. The basement can be rented for storage space or have a laundry for the tenants.

The building is also a great user opportunity, a user can have a business on the ground floor and create a floor-through unit on the second floor. The third floor can be used for rental 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 B46 bus stops Utica & Tilden Avenue, and stop on Utica & Eastern Parkway for access to the 3, 4 and 5 trains.



ASKING PRICE: $1,800,000 CAP RATE: 7.8%

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SIX STORY RENOVATED MIXED USE BUILDING FOR SALE
EXCELLENT INVESTMENT OPPORTUNITY
OPPORTUNITY ZONE

NEW YORK, NEW YORK
Location: lower east side
Lot Size: 50’ x 60’
Building Size: Basement: 50’ x 47’irr = 2,000 sq. ft. Store: 50’ x 47’irr = 2,000 sq. ft.
2nd Floor: 50’ x 47’irr = 2,000 sq. ft.
3rd Floor: 50’ x 47’irr = 2,000 sq. ft.

4th Floor: 5th Floor: 6th Floor:
50’ x 47’irr = 2,000 sq. ft. 50’ x 47’irr = 2,000 sq. ft. 50’ x 47’irr = 2,000 sq. ft

Stories: Six (6) Plus Full Basement Gross Square Feet: 12,000 (Approximately) Zoning: (FAR) R7A (4.0)

Assessment:
Real Estate Taxes:
$1,595,250 (21/22) $195,178.84

Description: A 50’ wide 21 unit six (6) story renovated mixed- use building. The building has three stores on the ground floor and twenty-one
apartments above. Each floor has four apartments they are a
mixture of one and two bedroom units. Each unit is individually
metered, the tenants pay there own electric and gas for cooking.
New Laundry room, intercom system, new gas boiler, new
courtyard and common areas. The property is also in a
opportunity zone which has big capital gains benefits.
This is a prime investment opportunity because the units are
free market with short term leases. Since the building is
renovated an investor will save on capital improvements. The
building is close to Delancey Street which has all the fine retail
stores.
Revenue:
Unit Description Unit Type Revenue LXP Ground Floor: Store 1 Commercial $4,000.00 Vacant

Store 3 Apt 1
Grocery Store
2 Bedroom with yard
Commercial Rent Stabilized
$4,400.00 $912.43
3/31/24 8/31/22

Second Floor: Apt 2 One Bedroom Rent Stabilized $906.83 10/31/22

Apt 3 Apt 4 Apt 5
One Bedroom Two Bedroom Two Bedroom
Free Market Free Market Free Market
$2,900 $3,000 $3,200
8/31/22 6/30/22 2/28/23

Third Floor: Apt 6 One Bedroom Free Market $2,800 10/31/22

Apt 7 Apt 8 Apt 9
One Bedroom Two Bedroom One Bedroom
Free Market Free Market Free Market
$3,200 $3,300 $3,000
4/30/23 6/30/22 6/30/22

Fourth Floor: Apt 10 Two Bedroom Free Market $2,600 2/28/23

Fifth Floor: Sixth Floor:
Apt 11 Apt 12 Apt 13
Apt 14 Apt 15 Apt 16 Apt 17
Apt 18 Apt 19 Apt 20 Apt 21
One Bedroom Two Bedroom Two Bedroom
One Bedroom One Bedroom Two Bedroom Two Bedroom
One Bedroom One Bedroom Two Bedroom Two Bedroom
Free Market Free Market Free Market
Free Market Free Market Free Market Free Market
Free Market Rent Stabilized Free Market Free Market
$3,000
$3,300
$3,400
$2,300
$3,350 $3,000
$3,100
$2,600
$1,003.05 $2,950 $4,400
6/30/22 7/31/22 3/31/23
4/30/23 4/30/23 4/30/23 4/30/23
2/28/23 1/31/23 4/30/23 4/30/22

Laundry $240 Cell Tower $1,123.90
Total Monthly Income: $67,986.21 Annual Water Reimbursement: $3,856.00 Total Annual Income: $819,690.52
Note: Laundry lease expires in 6/30/22 Cell tower lease expires in 3/31/29 Expenses:

Real Estate Taxes: $195,178.84
Water & Sewer: $23,000
Insurance: $8,000
Fuel gas: $12,000
Electric: (common areas) $3,000

Repairs & Maintenance: Super:
Management 2%:
Total Annual Expenses:
$5,000
$2,300
$16,393.810
$264,872.65
Net Operating Income: $554,817.87

ASKING PRICE: $12,950,000 CAP RATE: 4.3%

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THREE STORY THREE UNIT BUILDING FOR SALE
EXCELLENT INVESTMENT/USER/DEVELOPMENT OPPORTUNITY

OPPORTUNITY ZONE
BROOKLYN, NEW YORK
Location: nearby 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



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