assorted new york property off market

Listing Id: 17

off market

Location:

Lot Size: (Built) Building Size:
Building Square Footage: Stories: 2
Zoning: (FAR)
Total Buildable Square Feet: Total Available Air Rights: Assessment:
Real Estate Taxes: Description:
BROOKLYN, NEW YORK
Herkimer Street area

75’ x 50’
75’ x 32’ 5,700 (approx)
R6B (2.0) Height Limit 50’ 7,500
1,800
$119,894 (22/23) $14,707.40
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.
75’ WIDE BUILDING FOR SALE
FIVE BUILDING PACKAGE
PRIME INVESTMENT/USER/DEVELOPMENT OPPORTUNITY

Income::
:
:
: : 5
Monthly Income: Annual Income:
Expenses:
Unit 1
Description 1 Bd Apt
Store
3 Bd Apt 3 Bd Apt 3 Bd Apt
3 Bd Apt
Unit Type Free Market
Rev $2,400 $0.00
Projected $2,650 $3,500
$4,500 $4,500 $4,500
$4,500
2 3 4
Free Market $4,000 Free Market $4,000 Free Market $4,000
Free Market $4,000
$18,400 $24,150 $220,800 $289,800
$14,707.40 $2,400.00 $3,700.00 $3,200.00
$2,200.00 $2,300.00
$28,507.4 CAP RATE: 6.9%

Real Estate Taxes: Water & Sewer: Insurance:
Heat (Gas):
Electric: (common areas) Repairs & Maintenance: Total Annual Expenses
Projected Net Operating Income:
ASKING PRICE: $3,750,000
$261,292.6


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THREE STORY MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
near Verona Place
20’ x 80’
Location:
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

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THREE STORY CORNER MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT, USER/DEVELOPMENT OPPORTUNITY
VACANT BROOKLYN, NEW YORK
near Kent Avenues
20’ x 93’
Location:
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: 3rd Floor:
20’ x 60’ = 1,200 20’ x 60’ = 1,200 20’ x 40’ = 800 20’ x 40’ = 800
Three (3)
2,800 (Approximately)
R7A (4.0) with a C2-4 Overlay (2.0) Height Limit 80’ 7,689
4,889
$22,032 (21/22)
$4,398.28
A 20’ wide two-unit three story corner mixed use building. The property has a store on the ground floor, which also has access to the basement. The store has 12’ ceilings with double exposure on Dekalb & Kent Avenues. The store can be built full and the second floor can be converted into commercial space. The basement has 7’ ceilings and has a side access to the street.
The second floor is a two-bedroom floor-through apartment which has a full bathroom and full kitchen along with a dining/living area. This floor has 10’ ceilings and get great sunlight.
The third floor is a two-bedroom floor-through apartment which has a full bathroom and full kitchen along with a dining/living area. This floor has 10’ ceilings and get great sunlight.
The property is individually metered for gas and electric, each units has its own gas boiler and water heater.
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 $2,700 for each apartment. The apartments are big enough to be converted into a three bedroom apartment and would

rent for $3,700 per month.
The property is located on a nice mixed-use area which is close to shopping and all modes of transportation. The B38 Bus runs along Dekalb Avenue and the G train is on Classon Avenue. There’s a lot of foot traffic on Dekalb Avenue and residential apartments on Kent Avenue.
The property is also a great development opportunity, a developer can build a new 7,689 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 an eight 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. The units get great sun light and are free market. There’s also the potential to put a billboard on the top of the building.
Income:
Store:
Second Floor: 1
Projected Annual Income: Expenses:
Real Estate Taxes: Water & Sewer: Insurance:
Heat (Gas):
Electric: (common areas) Repairs & Maintenance: Total Annual Expenses
Net Operating Income: $176,801.72
Unit
Description Store
2 Bd Apt
2 Bd Apt Projected Monthly Income:
Unit Type Rev Projected Commercial $6,500 $9,000 Built Full
Free Market $2,700 $3,700 3 Bd Apt
Free Market $2,700 $3,700 3 Bd Ap $11,900 $16,400
$142,800 $196,800
$4,398.28 $3,800.00 $4,200.00 $3,200.00
$1,200.00 $3,200.00 $19,998.28
Third Floor: 2
ASKING PRICE: $3,500,000 Cap Rate 5.1%


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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:

Lot Size:
Lot Square Footage: Stories:
Buildings Sq Ft: Zoning: (FAR) Total Buildable Square Feet:
Air Rights: Assessment: 21/22 Real Estate Taxes:
Description:
area Arlington Place
60’ x 100’ irr
5,457 (approx)
4
12,900
C4-5D (4.2) Equivalent R7D (4.2) Height Limit 135’ 30,585 Gross per approved plans
10,006
$594,000
$63,884.76 421A Tax Abatement For 35 Years
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: $13,000,000 reduced to 7,775,000


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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: area Pell Streets

Lot Size: 21’ x 37’ irr ,/ 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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THREE STORY MIXED-USE BUILDING
FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY

BROOKLYN, NEW YORK
Location: area 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

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



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THREE STORY FIVE-UNIT APARTMENT BUILDING
FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY

BRONX, NEW YORK
Location: near Fox Streets

Lot Size: 21' x 74'
Building Size:
Basement: ---21' x 56' = 1,176
First Floor: ---21' x 74' = 1,554
Second Floor:21' x 56' = 1,176
Third Floor:---21' x 56' = 1,176
Stories: Three Plus Full Basement
Gross Square Feet: 3,906 appx
Zoning: (FAR) R7-1 (3.44) Height Limit 75’
Buildable Sq. Ft: 5,464
Air Rights: 1,556 Sq. Ft
Taxes: (22/23) $6,280.60
Description:

A 21’ wide five-unit three story apartment building. The first floor front apartment is a three-bedroom unit. The back unit is a two-bedroom apartment. The second floor is a floor-through four-bedroom apartment. The third floor has a front one-bedroom apartment and a back two-bedroom apartment. The units have a full kitchen and bathroom along with a living/dining area.

The property is a prime investment opportunity because all the units are free market and the rents are low. The units can be renovated to command market rents. There is the potential to give each unit their own boiler and water heater. The basement has 8’ ceilings and two means of egress, it can be duplexed with the first floor. The air rights can be used to add another floor. The first floor and the third floor can be converted into floor-through units. The basement can also be used for a laundry or extra storage space for the tenants.

The property is also a great user opportunity, a user can occupy the first floor front unit and rent out the other apartments for income.

The building is individually metered for gas and electric, the meters are located in the basement. There is an oil boiler along with two oil tanks. The C of O is for a four family and a store. The fifth apartment is linked to the common area gas and electric meters. A corner store would be great for the property and the area.

The property is located on a nice residential area which is three blocks from the 2 & 5 trains which gives easy access into Manhattan and Brooklyn. The building is close to Southern Blvd and Freeman Street which has great retail stores, restaurants and clothing stores.



Net Operating Income: $136,769.4 CAP RATE: 10.9%

ASKING PRICE: $1,250,000



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