assorted off market new york property

Listing Id: 30

off market


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

BROOKLYN, NEW YORK
Location: near to Manhattan Avenues
Lot Size: 20’ x 100’
Building Size: Basement: 20’ x 70’ = 1,400 sq. ft.
Ground Floor: 20’ x 85’ = 1,700 sq. ft.

2nd Floor: 3rd Floor:
20’ x 70’ = 1,400 sq. ft. 20’ x 70’ = 1,400 sq. ft.

Stories: Three (3) Plus Basement Gross Square Feet: 4,500 (Approximately) Above Grade

Zoning: (FAR)
Total Buildable Sq. Ft: Total Available Air Rights:
C4-4A: (4.0) R7A Equivalent (4.0) Height Limit 210’ 8,000
3,500

Real Estate Taxes: $6,931.08
Description: A 20’ wide 2-unit three-story mixed-use building. The property has a store on the ground floor, which is vacant. This floor has access to
the basement and back yard. The second floor is a two-bedroom
floor-through apartment. The third floor is also a two-bedroom floor
through apartment. The units have a full kitchen and bathroom along
with a living/dining area. The property is individually metered for
electric and gas.
The property is a great investment opportunity, an investor can
make the apartments nicer and give each unit their own boiler and
water heater. There is extra space to add a third bedroom. There will
be a lot of demand for the store and apartments since the property is
two blocks from the L train station.
The building makes a great user opportunity, they can have their
business on the first floor, live on the second floor and rent out the
third floor for income.
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 add two more floors. The top floor can also be
developed into a duplex apartment.
Williamsburg is under a lot of development with new buildings and
retail stores being developed. There is easy access to the city via the
G train on Union Avenue and L train on Grand Street & Bushwick
Avenue.
Income:
Unit Description Unit Type Rev Lxp Projected First Floor: 1 Store Commercial $0.00 Vacant $8,500
Second Floor: 2 2 Bd Apt Free Market $0.00 Vacant $3,200
Third Floor: 3 2 Bd Apt Free Market $2,100 Mo-Mo $3,400 Monthly Income: $2,100 $15,100 Annual Income: $25,200 $181,200
Expenses:

Real Estate Taxes: $6,931.08
Water & Sewer: $2,350.00
Insurance: $2,500.00
Heat (Gas): $3,200.00
Electric: (common areas) $1,200.00

Repairs & Maintenance: Total Annual Expenses
$1,800.00 $17,981.08

Projected Net Operating Income: $163,218.92 CAP RATE: 5.6%
ASKING PRICE: $2,900,000






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

Building Size:

Basement: 20’ x 50’ = 1,000 1st Floor: 20’ x 50’ = 1,000


2nd Floor: Duplex Rear 20’ x 50’ = 1,000 3rd Floor: Duplex Rear 20’ x 50’ = 1,000



Stories: Three (3)
Gross Square Feet: 3,000 (Approximately)
Zoning: (FAR) R7D (4.2) with a C2-4 Overly (2) Height Limit 100’

Total Buildable Square Feet: Total Available Air Rights: Assessment:
Real Estate Taxes:
Description:
:
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.

Projected Revenue:
Income:
Unit Description Unit Type Rev Lease Projected Store: Store Pharmacy Commercial $6,000 1/26 $8,500
Second Floor: 1F 1 Bd Apt Free Market $1,600 4/23 $1,950 Third Floor: 2 2 Bd Duplex Free Market $2,200 4/23 $2,500
Third Floor: 3F Studio Free Market $1,600 4/23 $1,750 Monthly Income: $11,400 $14,700 Annual Income: $136,800 $176,400
Expenses:

Real Estate Taxes: $2,861.96
Water & Sewer: $2,800.00
Insurance: $3,400.00
Heat (Oil): $3,200.00
Electric: (common areas) $1,200.00

Repairs & Maintenance: Total Annual Expenses
$2,300.00
$15,761.96
Net Operating Income: $121,038.04

Projected Net Operating Income: $160,638.04 CAP RATE: 6.2%
ASKING PRICE: $2,600,000


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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
Location: 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 / Park Pl 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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FOUR STORY SRO RESIDENTIAL BUILDING FOR SALE
EXCELLENT DEVELOPMENT/USER OPPORTUNITY
SOLD WITH APPROVED PLANS

BROOKLYN, NEW YORK
Location near to Bedford Avenues

Lot Size: 21’ x 100’
Building Size: Basement: 21’ x 40’ = 840 1st Floor: 21’ x 40’ = 840
2nd Floor: 21’ x 40’ = 840
3rd Floor: 21’ x 40’ = 840
4th Floor: 21’ x 40’ = 840
Stories: Four (4)
Gross Square Feet: 3,360 (Approximately) Above Grade
Zoning: (FAR) R6B (2.0)

Total Buildable Square Feet: Total Available Air Rights: Assessment:
Real Estate Taxes:
4,200
840
$23,216 (22/23) $4,714.96

Description: A 21’ wide four-story single room occupancy building. The building is vacant and in need of gut renovation.
The property is a prime development opportunity. The first floor
can be duplexed with the basement to create a duplex garden
apartment. The second floor can be converted into a one-bedroom
floor-through apartment. The third floor can also be renovated into a
one-bedroom floor-through apartment. The fourth floor can be
developed into a duplex loft apartment by using the air rights.
The building is also a great user opportunity, they can occupy the
ground floor and renovate and rent out the upper floors.
The property is located off Bedford Avenue which has a lot of retail
stores and restaurants. The A & C trains are on Franklin & Fulton
Street. The B44 bus runs along Bedford Avenue.
.
Revenue:
Unit Description Unit Type Revenue Lxp
Ground Floor: # 1 1- Bedroom Apt Free Market $3,500 proj Vacant

Second Floor: #2 1-Bedroom Apt Free Market
$3,200 proj Vacant

Third Floor:
Fourth Floor:
Total Projected Monthly Income:
Total Projected Annual Income:
Expenses:
# 3 #4
1-Bedroom Apt 2-Bedroom Apt
Free Matket Free Market
$3,250 proj
$3,750 proj $13,700

$164,400
Vacant
Vacant

Real Estate Taxes: $4,714.96 Water & Sewer: $3,400 Insurance: $3,800

Electric: common areas Heat (Gas):
$1,450 $5,000

Repairs & Maintenance: $2,300 Total Annual Expenses: $20,664.96
Net Operating Income: $143,735.04
ASKING PRICE: $2,150,000 Cap Rate 6.7%



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

OPPORTUNITY ZONE
BROOKLYN, NEW YORK
LocatioN near to Flushing Avenue

Lot Size: 19’ x 85’
Building Size: Basement: 19’ x 45’ = 855 1st Floor: 19’ x 45’ = 855
2nd Floor: 19’ x 45’ = 855
3rd Floor: 19’ x 45’ = 855
Stories: Three (3) Plus Basement
Gross Square Feet: 2,565 (Approximately) Above Grade
Zoning: (FAR) R6 (2.43) Height Limit 55’

Total Buildable Square Feet: Total Available Air Rights: Assessment:
Real Estate Taxes:
Description:
First Floor:
Second Floor:
Third Floor:
3,924
1,359
$22,534 (21/22)
$4,498.48

A 19’ wide 3-unit three story brick building. The property is vacant and in need of gut renovation.
The first floor is a two bedroom floor through apartment which has access to the basement. The unit has a full kitchen and bathroom plus a living and dining area. There is the potential to duplex the first floor with the basement. This would create a nice three bedroom duplex garden apartment. This floor has 10’ ceilings.
The second floor is a two bedroom floor-through apartment. The unit also has a full kitchen and bathroom plus a living and dining area. This floor has 10’ ceilings.
The third floor is a two bedroom floor-through apartment. The unit also has a full kitchen and bathroom plus a living and dining area. This floor has 10’ ceilings.
The property is a prime development opportunity, a developer can renovated the units and rent them out or sell them at current market value. A user will like the property because they can live on the first floor and rent out the second and third floors. The property is located

in an area that has a lot of development.
Projected Revenue:
Unit Description Unit Type Revenue LXP
First Floor: # 1 2 Bedroom Apt Free Market $2,700 Vacant Second Floor: # 2 2 Bedroom Apt Free Market $2,550 Vacant

Third Floor:
Total Projected Monthly Income:
Total Projected Annual Income:
Expenses:
# 3 2 Bedroom Apt
Free Market $2,500 $7,750

$93,000
Vacant

Real Estate Taxes: $4,498.48 Water & Sewer: $1,450 Insurance: $2,300 Electric: common areas $1,200 Repairs & Maintenance: $2,300 Total Annual Expenses: $7,491.80
Net Operating Income: $85,508.2
ASKING PRICE: $2,000,000.00 Cap Rate 4.3%



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Location:
Block:
Lot:
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 Nostrand avenue
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
$50,676 less 421A Tax Abatement $46,464 = $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 areas . 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
$84,689.56 CAP RATE 3.4%
Unit Type Rent Stabilized Rent Stabilized Rent Stabilized
Revenue
$2,500.00
$2,675.00
$2,233.00 $7,408.00 $70.00 $195.00 $92,076.00
LXP 6/30/21 6/30/21 9/30/21
Real Estate Taxes:
Water & Sewer:
Insurance:
Heat (Gas): Tenants have own boilers & water heaters.
Electric: (common areas) Repairs & Maintenance: Total Annual Expenses
Net Operating Income:

Price

$2,499,000


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