new york city kv list

Listing Id: 147

25’ WIDE VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
OPPORTUNITY ZONE
VAN SICLEN AVENUE
BROOKLYN, NEW YORK

Location: Van Siclen Avenue Between Atlantic and Liberty Avenues

Lot Size: 25’ x 100’ 2,500 Square Feet
Zoning: (FAR) R6B (2.0) Height Limit 50’
Buildable Sq. Ft: 5,000
Taxes: (22/23) $6,189.60
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 two 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: $675,000
OR $135 PER BUILDABLE SQUARE FOOT





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THREE STORY BUILDING FOR SALE
PRIME USER/DEVELOPMENT OPPORTUNITY
GRAND STREET
AKA: LUDLOW STREET
NEW YORK, NEW YORK
Location: Grand Street and Ludlow Streets
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 building is a prime development opportunity because the zoning allows a 9,920 square foot building to be built, which can be a commercial or mixed-use building. The property is also a prime user opportunity. An art gallery, restaurant or doctor’s office can occupy the ground floor, the second floor can be used for living. The upper floors can be developed into rental or condo apartments.

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 on Grand Street and a side entrance on Ludlow Street. Great retail location, Papa John's is next door, Subway restaurant is across the street and Dunkin Donuts is on the block.

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. Please feel free to contact me for a full setup and tour.

ASKING PRICE: $5,500,000

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THREE STORY THREE FAMILY BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
ROGERS AVENUE
BROOKLYN, NEW YORK
LocationRogers Avenue Between Tilden Avenue and Albemarle Road
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.

Please contact me for the setup or Click on this link for the setup/rent roll.

ASKING PRICE: $1,250,000 CAP RATE: 5.8%

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THREE STORY MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/USER/DEVELOPMENT/OPPORTUNITY
FULTON STREET
OPPORTUNITY ZONE
BROOKLYN, NEW YORK
Location:Fulton Street between Sackman Street and 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 2-unit three-story mixed-use building. The property has a store on the ground floor, which is occupied by a Church. This floor has access to the basement and back yard. The second floor is a two-bedroom apartment. The third floor is also a two-bedroom 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 prime investment opportunity, an investor can renovate the apartments and charge market rents for them.

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 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.


Please contact me for the setup or Click on this link for the setup/rent roll.

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

ASKING PRICE: $1,500,000


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THREE STORY THREE UNIT BUILDING FOR SALE
EXCELLENT INVESTMENT/USER/DEVELOPMENT OPPORTUNITY
FULTON STREET
OPPORTUNITY ZONE
BROOKLYN, NEW YORK
Location: Fulton Street between Sackman Street and 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 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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VACANT LOT FOR SALE
PRIME USER/DEVELOPMENT OPPORTUNITY
SEXTON PLACE
BRONX, NEW YORK
Location: Sexton Place between Kingsland and Givan Avenue
Lot Size: 50' x 86'
Lot Square Footage:2,150 (Approx)
Zoning: (FAR)R5 (1.25) Height Limit 40’ Community Facility (2.0)
Total Buildable Square Feet: 2,688
Assessment:$500 (22/23)
Real Estate Taxes: $101.56
Description:

A 85’ wide vacant lot on a nice residential block that close to the 5 train. The zoning allows a three and four story building to be built. The property can be a single family, a two family or a multifamily building. The lots triangular shape allows two or three buildings to be built or one building with a wide façade. Please note the frontage is 85’ wide. The property is also great for a parking garage user.

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 neighborhoods. They love the fact that Laconia is not far from the city and is close to public transportation. All these factors makes this a prime development opportunity that a developer will enjoy developing.
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ASKING PRICE: $650,000

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THREE STORY MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
FULTON STREET
BROOKLYN, NEW YORK
Location: Fulton Street Between Nostrand and New York Avenue

Lot Size: 18' x 10
Building Size
1st Floor:-18' x 65' = 1,170
2nd Floor:18' x 65' = 1,170
3rd Floor: 18' x 65' = 1,170
Stories: 3
Gross Square Feet: 3,510
Zoning:(FAR) C4-5D (3.4) R8A equivalent (6.02)
Buildable Sq. Ft: 10,836
Air Rights: 7,326
Assessment: $36,893 (21/22)
Real Estate Taxes: $7,364.96
Description:
An 18’ wide two unit three story mixed use building. The property has a store on the ground floor, which also occupies the basement. The second floor is a two-bedroom floor-through apartment. The third floor is also a
a two-bedroom floor-through apartment. The ground floor has 12’ ceilings and the upper floors each has 10’ ceilings. The units are individually metered for gas and electric. The meters, gas boiler and water heater 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 a great location that has excellent commercial and residential exposure. Located on Fulton Street off Nostrand Avenue the property gets a lot of foot traffic from the east and west wide of the street. The A and C train and the B44 bus is on the corner, within 10 minutes the tenants can be in the city. Fulton Street is one of the busiest street in Brooklyn, with all the fast food restaurants, banks, clothing stores health food stores. An investor can add value by renovating the units, expanding the store to the lot line and duplexing the top floor.

The property is also a great user opportunity, a user can have a business on the ground floor and live in one of the units above and rent out the other apartment.
ASKING PRICE: $2,500,000 reduced to 2,400,000


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THREE STORY MIXED-USE BUILDING
FOR SALE
EXCELLENT INVESTMENT/DEVELOPMENT/USER OPPORTUNITY
OPPORTUNITY ZONE
NOSTRAND AVENUE
BROOKLYN, NEW YORK
Location:Nostrand Avenue Between Clarendon Road and 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.

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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FOUR STORY VACANT RENOVATED BUILDING FOR SALE
TWO DUPLEX APARTMENTS
EXCELLENT USER/INVESTMENT OPPORTUNITY
SAINT JOHNS PLACE
BROOKLYN, NEW YORK
Location:Saint Johns Place between Troy and Schenectady Avenues

Lot Size: 13' x 120'
Building Size: 13' x 56'
-------------------13' x 56'
-------------------13' x 56'
-------------------13' x 56'
Stories: 4
Gross Square Feet: 2,912
Zoning:(FAR) R6 (2.43)
Buildable Sq. Ft: 3,791
Air Rights: 879
Real Estate Taxes: $8,602.52
A 2-unit four story renovated building. The units are both duplex apartments with four bedrooms and 2.5 bathrooms each.
First & Second Floor Duplex:
The first floor of the duplex apartment has a living room, full kitchen and a back bedroom which has access to the backyard. The half bathroom is also located on this floor.

The second floor has the master bedroom which has a full bathroom. This bedroom is located at the back with views of the backyard. There’s a full bathroom in the hallway, along with a middle bedroom and a big bedroom at front.
Third & Fourth Floor Duplex:
The third floor of the duplex apartment has a living room, full kitchen and a back bedroom which has views of the backyard. The half bathroom is also located on this floor.

The fourth floor has the master bedroom which has a full bathroom. This bedroom is located at the back with views of the backyard. There’s a full bathroom in the hallway, along with a middle bedroom and a big bedroom at front.
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The units have been beautifully renovated with nice wood floors, the bedrooms have good size closets. The kitchens have stainless steel appliances along with washer & dryer. Both units have 10’ ceilings and get great sunlight. They are individually metered for gas and electric and have their own boilers and water heaters. The heating is base board. The meters are located outside the building and the property does not have a basement.

The property is a great user opportunity, they can occupy one apartment and rent out the other. An investor will like the property because it’s renovated and free market which can rent for top dollar. The property is one block from Utica Avenue and two blocks from Eastern Parkway which has the 2, 3 and 4 trains.
ASKING PRICE: $1,800,000


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Location:

Lot Size: Building Size:
Stories:
Gross Square Feet: Zoning: (FAR)
Total Buildable Sq. Ft: Total Available Air Rights: Assessment:
Real Estate Taxes:
Description:
27’ x 100’ Basement: Ground Floor: 2nd Floor:
20’ x 80’ = 1,600 sq. ft. 20’ x 80’ = 1,600 sq. ft. 20’ x 80’ = 1,600 sq. ft.
TWO STORY APARTMENT BUILDING FOR SALE
EXCELLENT USER/INVESTMENT OPPORTUNITY
OPPORTUNITY ZONE


EAST 92ND STREET BROOKLYN, NEW YORK
East 92nd Street between Clarkson Avenue and Winthrop Streets

Two (2) Plus Basement
3,200 (Approximately) Above Grade R6 (2.43) )
6,561
3,361
$78,332 (22/23)
$9,609.00
A 20’ wide 4-unit two-story apartment building. The property has two units per floor. They are all two-bedroom apartments they are located to the front and back of the building. All the units have full kitchen & full bathroom, nice wood floors. They get great sunlight, the ceilings are ten feet, and the units are individually metered for cooking gas and electric. All the meters are in the basement.
The property is located in an area that has lots of foot traffic and close to the 2, 3, 4 trains on Eastern Parkway and has great retail stores, restaurants and parks in the neighborhood.
The property is a prime investment opportunity because all the units are free market and not subject to any rent regulations. An investor can renovate them and increase the rents. They can also give each tenant their own boiler and water heater. The property also makes a great user opportunity; a user can occupy the ground floor and convert it into a three-bedroom floor-through apartment. They rent out the second floor for income. They can also duplex the ground floor with the basement to create a duplex garden apartment.

Note: Apt 1F is a program tenant. 1R we are in court with Marshall date coming soon. 2F in court started case 14 months ago. Basement waiting going back to court. Revenue:
Ground Floor:
Second Floor:
Monthly Inc: Annual Inc:
Expenses:
Unit Basement 1F
1R
2F 2R
Description 1 Bedroom Apt 2 Bedroom Apt 2 Bedroom Apt
2 Bedroom Apt 2 Bedroom Apt
Unit Type Free Market Free Market Free Market
Free Market Free Market
Revenue $1,500 $1,850 $1,850 proj
$1,850 proj $1,600 $8,650
$103,800
LXP In court
In court In court
Real Estate Taxes: Water & Sewer: Insurance:
Heat (Gas):
Electric: (common areas) Repairs & Maintenance: Total Annual Expenses
Projected Net Operating Income:
$9,609.00 $2,200.00 $2,350.00 $2,600.00
$1,300.00 $1,500.00 $19,559.00
ASKING PRICE: $1,000,000

$84,241 Cap Rate: 8.4%


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THREE STORY MIXED-USE BUILDING
FOR SALE
EXCELLENT INVESTMENT/DEVELOPMENT/USER OPPORTUNITY
OPPORTUNITY ZONE
NOSTRAND AVENUE
BROOKLYN, NEW YORK
Location: Nostrand Avenue Between Clarendon Road and 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 MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT, USER/DEVELOPMENT OPPORTUNITY
VACANT
OPPORTUNITY ZONE
MYRTLE AVENUE
BROOKLYN, NEW YORK
Location: Myrtle Avenue Between Throop Avenue and Marcus Garvey Blvd

Lot Size: 21' x 100'
Building Size:
First Floor:---------21' x 60' = 1,260
Second Floor: ----21' x 60' = 1,260
Third Floor:--------21' x 60' = 1,260
Stories : 3
Gross Square Feet: 3,780
Zoning: (FAR) R7D (4.2) with a C2-4 Overlay (2.0) Height Limit 100’
Buildable Sq. Ft: 8,715
Air Rights: 4,935
Assessment: $16,139 (22/23)
Real Estate Taxes: $3,277.68
Description:
A 21’ wide four unit three story mixed use building. The property has a store on the ground floor, which also has access to the basement and back yard. The second floor has two one-bedroom apartments. The third floor also has two one-bedroom apartments. The units are located to the front and back of the building they have 10’ ceilings and get great sunlight.

The second and third floors have their own gas boilers and gas water heaters. The second and third floors are individually metered for gas and electric. The property is vacant and in need of renovation. There’s a lot of original detail in the apartments and stairs that add value to the property. Please note: The property originally was a three story building with a store on the ground floor and two apartments above as stated on the C Of O. The owner bought it with a store on the ground floor and four apartments above.

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 $2,500 for each apartment. The property is located on a nice mixed-use area which is close to shopping and all modes of transportation. There’s a lot of foot traffic coming from the J and M trains on Broadway & Myrtle Avenue which is two blocks away.

The property is also a great development opportunity, a developer can build a new 8,715 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 a ten 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 and the stairs need to be replaced. The units get great sun light and are free market. There’s also the potential to put a billboard on the side of the building.


ASKING PRICE: $2,500,000

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RENOVATED SIX STORY COMMERCIAL BUILDING FOR SALE
PRIME USER/INVESTMENT OPPORTUNITY
EAST BROADWAY
NEW YORK, NEW YORK
Location: East Broadway between Catherine and Market Street
Lot Size: 50’ x 100’
Building Size: Basement: 50’ x 95’ irr = 4,026
Store: 50’ x 95’ irr = 4,026
2nd Floor: 50’ x 95’ irr = 4,026
3rd Floor: 50’ x 95’ irr = 4,026
4th Floor: 50’ x 95’ irr = 4,026
5th Floor: 50’ x 95’ irr = 4,026
6th Floor: 50’ x 95’ irr = 4,026
24,157 Above Grade
28,183 Below Grade
Stories: Six (6) Plus Full Basement
Gross Square Feet: 24,157 (Approximately)

Zoning: (FAR)
Total Available Air Rights: Assessment:
Real Estate Taxes:
C6-1G (6.0) R7 Equivalent (3.44) 5,843
$2,535,300 (21/22)
$272,671.52

Description: A 50’ wide 5-unit six story elevatored commercial building. The property has two stores on the ground floor, floors two through six
are floor-through commercial units. The units have 14’ ceilings on
the ground and second floor, 13’ ceilings on the third and fourth
floors and 12’ ceilings on the 5th and 6th floors. They have nice
expose brick, pine wood floors, new bathrooms. The units are all
open spaces that have windows on three sides and get great sunlight.
The building has been completely renovated with new windows, new
elevator, sprinkler system, new HVAC system nice art deco lobby.
The basement has 9’ ceilings with access to the back yard. The
mechanicals gas and electric meters, elevator room, and sprinkler
system room are all in the basement.
The property is a prime user opportunity, a user can have a retail
store on the ground floor and use the upper floors as office space. A
corporate company like a hedge fund can rent out the two stores on
the ground floor and occupy the upper floors for their business. The
retail tenants can duplex the ground floor with the basement. The
space would be great floor a restaurant, clothing store, or office
space.
The property is also a great investment opportunity, since the
building is renovated and individually metered, each floor can be
rented at full market rate for office space. At $65 to $75 a foot for the
office space and $80 to $100 a foot for the retail space. The building
is internet and cable ready. These amenities in the building will
create a big demand for tenants to rent them and increase the cap rate
of the property.
The new owner also has the option of doing a condo conversion to
the building. They can sell off the office spaces each for $1,200 a
foot which would pay for the building and sell the store as their profit
or keep it for income.
The building is located in an area that has high foot traffic with a
strong demand for retail and office space. The F train is located on
East Broadway & Rutgers Street, the B and D train is on Grand &
Chrystie Street, Seward Park is close by.
Income:
Unit Description Unit Type Revenue: Lse Exp

1st Fl: Store Store
United Health Care Commercial Commercial
$24,549 Plus $500 common charge
$10,000 Plus $500 common charge
10/31/26 3/31/27

2nd : #1 Office Space Commercial $24,312 plus $500 CC
6/30/29

3rd Flr: #2 Office Space Commercial $25,000 proj Vacant 4th Flr: #3 Office Space Commercial $25,000 proj Vacant

2/28/24

5th Flr: #4 Office Space Commercial $19,626 plus $500 CC

6th Flr: #5 Office Space Commercial $25,000 proj Vacant Total Monthly Projected Income: $155,487 Total Annual projected Income: $1,865,844
Real Estate Taxes: $272,671.52 Water & Sewer: $23,000 Insurance: $16,000 Fuel gas:(HVAC PAID BY TENANT) $0.00 Electric: (common areas) $4,000

Repairs & Maintenance: Super:
Management 2%:
Total Annual Expenses:
$5,000
$12,300
$37,320
$370,291.52
Net Operating Income: $1,495,552.48

ASKING PRICE: $25,500,000 CAP RATE: 5.9%



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VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
Locatio near Herkimer Street
B
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 studio apartments. The property can also be a three or four family building.

The property is located two 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: $450,000 Reduced
OR $184 PER BUILDABLE SQUARE FOOT




circumvention prohibited