off market brooklyn properties kv

Listing Id: 48

off market


TWO STORY TWO UNIT APARTMENT BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
OPPORTUNITY ZONE


BROOKLYN, NEW YORK
Location: Nearby 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 USER/INVESTMENT OPPORTUNITY
OPPORTUNITY ZONE


BROOKLYN, NEW YORK
Location: Nearby to Bushwick Avenue
Building Size: Ground Floor: 16’ x 98’ irr = 1,720 sq. ft. 2nd Floor: 16’ x 25’ irr = 400 sq. ft.
Stories: Two (2) Plus Basement
Gross Square Feet: 2,120 (Approximately) Above Grade

Zoning: (FAR)
Total Buildable Sq. Ft: Total Available Air Rights:
R6 (2.43) 3,888
1,768

Real Estate Taxes: $6,261.00
Description: A 16’ wide 3-unit two story apartment building. The first floor to the front is a one-bedroom duplex apartment the upper level goes to the
second floor. To the back on the first floor is a one-bedroom
apartment and a three-bedroom apartment.
The apartments have beautiful wood floors, full kitchens with
stainless steel appliances and marble counter tops. The apartments
have 12’ ceilings and get great sunlight.
The units are individually metered for gas and electric. All the meters
are in the basement. The apartments all have electric stoves, the gas
boiler and water heater is new.
The property is a prime investment opportunity because the units
are free market and in good condition an investor can charge full
market for them. Since the building has 837 square feet of air rights
the second floor can be developed into a duplex apartment.
The building also makes a great user opportunity, a user can
occupy the one-bedroom garden apartment. They can use it for
live/work and rent out the other two units for income.
Revenue:
Unit Description Unit Type Revenue LXP
First Floor Duplex: # 1 2 Bedroom Duplex Free Market $1,112 Mo-Mo First Floor Middle: # 2 1 Bedroom Apt Free Market $1,900 Mo-Mo

First Floor Back:
Total Monthly Income:
# 3 3 Bedroom Apt
Free Market $2,600 $5,612

Mo-Mo

Total Annual Income: $67,344
Expenses:
Real Estate Taxes: $6,261.00
Water & Sewer: $1,500

Insurance:
Heat: Paid By tenants
$2,300 $0.00

Electric: common areas $1,200 Repairs & Maintenance: $2,300 Total Annual Expenses: $13,561
Net Operating Income: $53,783 CAP RATE 3.6%
ASKING PRICE: $1,500,000


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THREE STORY MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/USER/DEVELOPMENT/OPPORTUNITY
OPPORTUNITY ZONE
BROOKLYN, NEW YORK
Location: near to 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.



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

ASKING PRICE: $1,500,000


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

BRONX, NEW YORK
Location: near to Fox Street
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 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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THREE STORY MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/USER/DEVELOPMENT OPPORTUNITY

BROOKLYN, NEW YORK
Location: near to Manhattan Avenue

Lot Size: 20' x 100'
Building Size:
Basement: ---20' x 70' = 1,400
First Floor: ---20' x 85' = 1,700
Second Floor:20' x 70'= 1,400
Third Floor:--- 20' x 70'= 1,400
Stories: Three Plus Full Basement
Gross Square Feet: 4,500 appx
Zoning: (FAR) C4-4A: (4.0) R7A Equivalent (4.0) Height Limit 210’
Buildable Sq. Ft: 8,000
Air Rights: 3,500 Sq. Ft
Taxes: (22/23) $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.


Net Operating Income: $163,218.92 CAP RATE: 5.6%

ASKING PRICE: $2,900,000


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25’ WIDE THREE STORY CORNER MIXED-USE BUILDING
FOR SALE
EXCELLENT INVESTMENT OPPORTUNITY

BROOKLYN, NEW YORK
Location: nearby to Himrod Street

Lot Size: 25' x 85'
Building Size:
Basement: ---25' x 85' = 2,121 sq ft
First Floor: ---25' x 85' = 2,121 sq ft
Second Floor:25' x 75' = 1,871 sq ft
Third Floor:---25' x 75' = 1,871 sq ft
Stories: Three Plus Full Basement
Gross Square Feet: 5,863 appx
Zoning: (FAR) R6 (2.43) with a C1-3 Overlay (2.0)
Taxes: (21/22) $24,938.72
A 25’ wide 8-unit three (3) story corner mixed-use building. The property has a grocery store on the ground floor, and eight apartments above. The layout is each floor has four units and they are all one-bedroom apartments. The units have a full bathroom along with a kitchen, nice wood floors and get great sunlight. The units are all individually metered for gas and electric the boiler and water heater is gas. The basement has 8’ ceilings and can be used for storage.

The property is a prime investment opportunity because the units and common areas can be renovated to add more value. When the grocery store lease expires, the space will be ideal for a restaurant/bar which can pay more rent. The apartments can be converted into two-bedroom apartments by combining them.

The investor can also give each unit their own boiler and water heater. A portion of the basement can be used as extra storage space for the apartments above or used a laundry.

The property is located in prime Bushwick and is close to Myrtle & Knickerbocker Avenues which has nice retail stores and restaurants also the L & M train is three to five blocks away.


ASKING PRICE: $2,550,000 CAP RATE: 6.6%

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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: near to Hankcock Streets
property is undergoing 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 APARTMENT BUILDING FOR SALE
EXCELLENT USER/INVESTMENT OPPORTUNITY
OPPORTUNITY ZONE

BROOKLYN, NEW YORK

Location:near to Winthrop Streets
Lot Size:
27’ x 100’
Building Size:

Basement:
20’ x 80’ = 1,600 sq. ft.
Ground Floor:
20’ x 80’ = 1,600 sq. ft.
2nd Floor:
20’ x 80’ = 1,600 sq. ft.



Stories:
Two (2) Plus Basement
Gross Square Feet:
3,200 (Approximately) Above Grade
Zoning: (FAR)
Total Buildable Sq. Ft:
Total Available Air Rights:
R6 (2.43) )
6,561
3,361
Assessment:
Real Estate Taxes:
$78,332 (22/23)
$9,609.00


Description:
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:


Unit
Description
Unit Type
Revenue
LXP

Ground Floor:
Basement
1F
1R
1 Bedroom Apt
2 Bedroom Apt
2 Bedroom Apt
Free Market
Free Market
Free Market
$1,500
$1,850
$1,850 proj
In court

In court

Second Floor:

Monthly Inc:
Annual Inc:

2F
2R



2 Bedroom Apt
2 Bedroom Apt



Free Market
Free Market



$1,850 proj
$1,600
$8,650
$103,800

In court





Expenses:

Real Estate Taxes:
$9,609.00
Water & Sewer:
$2,200.00
Insurance:
$2,350.00
Heat (Gas):
$2,600.00
Electric: (common areas)
$1,300.00
Repairs & Maintenance:
Total Annual Expenses
$1,500.00
$19,559.00






Projected Net Operating Income: $84,241 Cap Rate: 8.4%

ASKING PRICE: $1,000,000

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

BROOKLYN, NEW YORK
Location: nearby to Manhattan Avenues

Lot Size: 20' x 100'
Building Size:
Basement: ---20' x 70' = 1,400
First Floor: ---20' x 85' = 1,700
Second Floor:20' x 70'= 1,400
Third Floor:--- 20' x 70'= 1,400
Stories: Three Plus Full Basement
Gross Square Feet: 4,500 appx
Zoning: (FAR) C4-4A: (4.0) R7A Equivalent (4.0) Height Limit 210’
Buildable Sq. Ft: 8,000
Air Rights: 3,500 Sq. Ft
Taxes: (22/23) $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.



Net Operating Income: $163,218.92 CAP RATE: 5.6%

ASKING PRICE: $2,900,000

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THREE STORY APARTMENT BUILDING FOR SALE
EXCELLENT USER/INVESTMENT OPPORTUNITY

BROOKLYN, NEW YORK

nearby to Tenth Avenues

Lot Size:
22’ x 100’
Building Size:

Basement:
22’ x 83’ irr = 1,606 sq. ft.
Ground Floor:
22’ x 83’ irr = 1,606 sq. ft.
2nd Floor:
22’ x 83’ irr = 1,606 sq. ft.
3rd Floor:
22’ x 83’ irr = 1,606 sq. ft.



Stories:
Three (3) Plus Basement
Gross Square Feet:
4,818 (Approximately) Above Grade
Zoning: (FAR)
Total Buildable Sq. Ft:
Total Available Air Rights:
Assessment:
Real Estate Taxes:

Description:
R6: (2.43)
5,346
528
$121,976 (20/21)
$14,962.80

A 22’ wide 6-unit three story apartment building. The units are all two-bedroom apartments with a living/ dining area a full kitchen and full bathroom. Two of the units are rent stabilized and the other four are free market. The apartments are individually metered for cooking gas and electric. All the meters are in the basement. The building has two gas boilers and one gas water heater.

The property is a prime investment opportunity because since the first and third floors can be delivered vacant, an investor can duplex the first floor with the basement. This first floor unit can be converted into a floor-through duplex garden apartment. The third floor can be converted into a floor-through apartment. The units can have their own boilers and water heaters. More value can be added by up-dating the common area and stairs. The first floor can be duplexed with the basements to create two garden duplex apartments. This can be done when the units become vacant.

The property is also a great user opportunity, a user can take an apartment on the ground floor or combine them to create a three bedroom floor-through garden apartment. The upper units can be rented for income.

The property is located in an area that’s under a lot of development, new apartment and commercial buildings are being built in the area. The D train is on 9th Avenue & 39th Street. This gives easy access to the City and downtown Brooklyn. The avenues have nice retail stores and restaurants. Sunset Park is located three blocks away, Maimonides Hospital is four blocks away. All these factors makes the property a prime investment and user opportunity.

Revenue:


Unit
Description Unit Type
Revenue
LXP



Ground Floor:

1
2

2- Bedroom Apt Rent Stabilized
2- Bedroom Apt Rent Stabilized



$1,300
$1,750






Second Floor:



3
4


2- Bedroom Apt Rent Stabilized
2- Bedroom Apt Rent Stabilized


$800
$510






Third Floor:
5
2- Bedroom Apt Rent Stabilized
$1,550





6
2- Bedroom Apt Rent Stabilized
$1,600




Monthly Inc:
Annual Inc:




$7,510
$90,120






Expenses:

Real Estate Taxes:
$14,962.80
Water & Sewer:
$3,700.00
Insurance:
$3,200.00
Heat (Gas):
$2,750.00
Electric: (common areas)
$1,200.00
Repairs & Maintenance:
Total Annual Expenses
$1,800.00
$27,612.80





Net Operating Income: $62,507.2 CAP RATE: 4.2%

ASKING PRICE: $1,500,000


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25’ WIDE THREE STORY CORNER MIXE-USE BUILDING
FOR SALE
EXCELLENT INVESTMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location:
Near to Himrod Street
Lot Size:
25’ x 85’
Building Size:

Basement:
25’ x 85’irr = 2,121 sq. ft.
Store:
25’ x 85’irr = 2,121 sq. ft.
2nd Floor:
25’ x 75’irr = 1,871 sq. ft.
3rd Floor:
25’ x 75’irr = 1,871 sq. ft.








7,984 Below Grade
5,863 Above Grade



Stories:
Three (3) Plus Basement
Gross Square Feet:
5,863 (Approximately)
Zoning: (FAR)
R6 (2.43) with a C1-3 Overlay (2.0)
Assessment:
Real Estate Taxes:
$203,299 (21/22)
$24,938.72

Description:

A 25’ wide 8-unit three (3) story corner mixed-use building. The property has a grocery store on the ground floor, and eight apartments above. The layout is each floor has four units and they are all one-bedroom apartments. The units have a full bathroom along with a kitchen, nice wood floors and get great sunlight.
The units are all individually metered for gas and electric the boiler and water heater is gas. The basement has 8’ ceilings and can be used for storage.

The property is a prime investment opportunity because the units and common areas can be renovated to add more value. When the grocery store lease expires, the space will be ideal for a restaurant/bar which can pay more rents. The apartments can be converted into two-bedroom apartments by combining them.

The investor can also give each unit their own boiler and water heater. A portion of the basement can be used as extra storage space for the apartments above or used a laundry.


.




The property is located in prime Bushwick and is close to Myrtle & Knickerbocker Avenues which has nice retail stores and restaurants also the L & M train is three to five blocks away. Please note: Apts 3 & 4 have an approved eviction with no schedule yet to proceed. Apts 1, 2, 4 & 6 are section 8 but are not paying their portion.

Revenue:



Unit
Description
Unit Type
Revenue
LXP
Ground Floor:
Store
Grocery Store
Commercial
$8,900.00
2028

Second Floor:

Apt1
Apt2
Apt3
Apt4

1-Bedroom Apt
1-Bedroom Apt
1-Bedroom Apt
1-Bedroom Apt

Rent Stabilized
Rent Stabilized
Rent Stabilized
Rent Stabilized

$982.00
$1,265.00
$1,500.00
$1,050.00




Third Floor:
Apt5
Apt6
Apt7
Apt8
1-Bedroom Apt
1-Bedroom Apt
1-Bedroom Apt
1-Bedroom Apt
Rent Stabilized
Rent Stabilized
Rent Stabilized
Rent Stabilized
$1,827.00
$1,050.00
$1,037.00
$1,644.30


Monthly Inc:





$19,255.30


Annual Inc.





$231,063.60





Expenses:

Real Estate Taxes:
$24,938.72


Water & Sewer:
$8,200

Insurance:
$4,200

Heat (Gas):
$8,500

Electric: (common areas & Apts)
$10,300

Repairs & Maintenance:
Super:
$5,200
$2,500


Management (2.5%):
$5,748.28

Total Annual Expenses:
$69,587.00



Net Operating Income: $161,476.6 CAP RATE: 6.3%

ASKING PRICE: $2,550,000


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CORNER FOUR STORY MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT OPPORTUNITY

BROOKLYN, NEW YORK
Location: nearby to Broadway

Lot Size: 40' x 49'
Building Size:
1st Floor: -40' x 49' irr = 985
2nd Floor: 40' x 49' irr = 985
3rd Floor:-40' x 49' irr = 985
4th Floor:-40' x 49' irr = 985
Stories: 4
Gross Square Feet: 3,950
Zoning:(FAR) R6 (2.43) with a C2-4 Overlay (2.0) Height Limit 70'
Buildable Sq. Ft: 3,067
Air Rights: No Air Rights
Assessment: $139,641 (22/23)
Real Estate Taxes: $17,129.76
Description:
A 40’ wide three unit four story mixed-use building. The property has a store on the ground floor, which also occupies the basement. Floors two through four are each two-bedroom floor-through apartments.

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, an investor can add value by renovating the apartments and giving each unit their own boiler and water heater. The building has a great location that has excellent commercial and residential exposure. Located on the corner of Broadway & Madison Street the property gets a lot of foot traffic from the north and south side of Broadway which has the Gates and Halsey J train stops.

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 apartments for income.
ASKING PRICE: $2,585,000 CAP RATE 6.7%



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ONE STORY COMMERCIAL BUILDING FOR SALE
PRIME USER/ DEVELOPMENT OPPORTUNITY

NEW YORK, NEW YORK
Location: near to Rivington Streets

Lot Size: 19' x 100' irr
Building Size: 2,122 Square Feet---
Stories: One (1)
Buildable Sq Ft: 11,587
Air Rights: 9,465
Zoning: (FAR) R8A (5.4) with a bonus of 7.20 for inclusionary housing Height Limit 120’
Assessment: $258,480 (22/23)
Taxes: (22/23) $27,517.80
A 19’ wide one story vacant building that is 100’ deep. The site is zoned R8A which has a height limit of 120’. The zoning allows for a 100% residential building to be built, or a mixed-use building. The commercial space would can be grand fathered into the new property.

The site’s size allows a developer to build numerous apartments with great sunlight and views. The site is on the same block as the River Ridge Condos and 206-210 Delancey Street which is a twelve story luxury condo apartment building.

The property is close to all modes of transportation and fine retail stores on Delancey and Clinton Streets.



ASKING PRICE: $4,500,000 or $388 per Buildable Square Feet





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