ID #2783


SIX STORY RENOVATED MIXED USE BUILDING FOR SALE
EXCELLENT INVESTMENT OPPORTUNITY
OPPORTUNITY ZONE
PITT STREET
NEW YORK, NEW YORK

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:
$1,566,450 (23/24) $195,837.60

Description: A 50’ wide 21 unit six (6) story renovated mixed- use building. The building has two 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 $3,193.00 2/28/33

Store 2 Apt 1
Grocery Store
2 Bedroom with yard
Commercial Rent Stabilized
$6,200.00 $935.24
3/31/29 8/31/24

Second Floor: Apt 2 One Bedroom Rent Stabilized $906.83 10/31/25

Apt 3 Apt 4 Apt 5
One Bedroom Two Bedroom Two Bedroom
Free Market Free Market Free Market
$3,250 $3,850 $3,600
4/30/25 6/30/25 3/31/25

Third Floor: Apt 6 One Bedroom Free Market $2,900 10/31/25

Apt 7 Apt 8 Apt 9
One Bedroom Two Bedroom One Bedroom
Free Market Free Market Free Market
$3,200 $3,500 $3,700
5/31/25 10/31/25 7/31/25

Fourth Floor: Apt 10 Two Bedroom Free Market $2,950 3/31/25

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
$3,600
$4,300
$3,500
$2,850
$3,300 $3,750
$3,300
$2,500
$1,003.05 $3,850 $4,200
8/31/25 7/31/25 7/31/25
4/30/25 6/30/25 4/30/25 4/30/25
8/14/25 1/31/25 6/30/25 5/31/25

Cell Tower $1,123.90 Total Monthly Income: $75,462.02 Annual Water Reimbursement: $3,856.00 Total Annual Income: $909,400.24 Note: Cell tower lease expires in 3/31/29
Expenses:

Real Estate Taxes: $195,837.60
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
$18,188
$267,325.6
Net Operating Income: $642,074.64

ASKING PRICE: $12,950,000 CAP RATE: 5.0% reduced 10,900,000 5.8% cap rate





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ID #10867


NEWLY BUILT FIVE STORY CORNER COMMERCIAL BUILDING FOR SALE
PRIME INVESTMENT/USER OPPORTUNITY

ASTORIA, NEW YORK

Lot Size: 36' x 80'
Building Size:
Basement:------36' x 80' ---=-2,880
First Floor:------36' x 80' irr = 2,805
Mezzanine:-----36' x 80' irr = 2,805
Second Floor:--36' x 80'--- = 2,880
Third Floor:-----36'x 80'-----=-2,880
Fourth Floor:---36' x 80'--- = 2,880
Fifth Floor:------36' x 80' ---= 2,880
Stories: Five Plus Full Basement
Gross Square Feet: 16,920 appx
Zoning: (FAR) C4-3 (3.4) R6 Equivalent (2.43) Community Facility (4.8)
Air Rights: No Air Rights
Taxes: (25/26) $222,493.56
Description:



A 36’ wide 13 unit five story elevatored commercial building. The property is leased as a medical center to different medical tenants. The clinics have their own exam rooms and medical office space. The property has a usable basement and mezzanine which is rented.



The property is a great investment opportunity, being fully rented the tenants are paying market rent with increases. They are responsible for their own utilities. The investor can also rent it out to different community facility tenants, like a school, senior center or health club.



The building is a good user opportunity, a company can use it as their headquarters. They would have the option to rent the ground floor as retail and occupy the floors above.



The property is located in an area that’s under a lot of development and has good commercial exposure. The N train and Q102 Bus runs along 31st Street.


ASKING PRICE: $12,800,000+ fee CAP RATE: 4.0%



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ID #10867

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

BROOKLYN, NEW YORK

no inside access no photos this is a tear down

Lot Size: 19’ x 100’
Building Size: 1st Floort: 19’ x 45’ = 855 2nd Floor: 19’ x 45’ = 855
3rd Floor: 19’ x 45’ = 855
Stories: Three
Gross Square Feet: 2,565 (Approximately) Above Grade
Zoning: (FAR) R6 (2.2) Height Limit 55’

Total Buildable Square Feet: Total Available Air Rights: Assessment:
Real Estate Taxes:
Description:
:
4,180
1,615
$19,130 (25/26)
$3,796.00

A 19’ wide 2-unit three story building in need of gut renovation. The first and second floor is a three bedroom garden apartment. The third floor is a two-bedroom floor through apartment. The units have a full kitchen and bathroom along with a living/dining area. The property
has 9’ ceilings on all the floors and is individually metered for gas and electric.
The property is a prime development opportunity, a developer can renovate the building and convert it to a three or four family building. 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. The J & Z trains are on Chauncey Street and broadway
price 1,250,000 + fee


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ID #10867

THREE STORY APARTMENT BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY

BROOKLYN, NEW YORK

Lot Size: 25’ x 100’
Building Size: Basement: 20’ x 62’ = 1,240 sq. ft.
1st Floor: 20’ x 62’ = 1,240 sq. ft.
2nd Floor: 20’ x 62’ = 1,240 sq. ft.
3rd Floor: 20’ x 62’ = 1,240 sq. ft.
Stories: Three (3) Plus Basement
Gross Square Feet: 3,720 (Approximately) Above Grade

Zoning: (FAR)
Total Buildable Sq. Ft: Total Available Air Rights: Assessment:
Real Estate Taxes:
Description:
R5: (1.5) Height Limit 40’
3,750
30
$114,166 (25/26)
$14,201.12
A 20’ wide 6-unit three story apartment building. The units are located to the front and back of the property. The first floor front unit is a studio apartment, all the other units are one-bedroom apartments. The units have a living/ dining area a full kitchen and full bathroom. All the units are rent stabilized. They are individually metered for cooking gas and electric. All the meters are in the basement which has 7’ ceilings. The building has a new gas boiler, water heater, drive - way with two parking spaces. The basement has a floor-through apartment.
The property is a prime investment opportunity because it has stable cash flow. Value can be added by up-dating the common areas and stairs. The lot size gives the property the potential to be developed into a condo apartment building.
The property is also a great user opportunity, a user can take an apartment on the first floor and duplex it with the basement. The upper floor units can be rented for income.
The property is located one a nice residential block with mostly single and two family homes, the area is quiet and family oriented.

Located right off Clarkson Avenue, the property has access to
Bobby’s Department store, Walgreens, Chase Bank and many retail
stores. The 46 Bus runs along Utica Avenue, to Eastern Parkway, to
the 2, 3, 4 & 5 trains. All these factors gives the apartments high
demand in the area.
Revenue:
Unit Description Unit Type Revenue LXP


First Floor: 1F 1R
Second Floor: 2F 2R
Studio Apt Rent Stabilized 1- Bedroom Apt Rent Stabilized
1- Bedroom Apt Rent Stabilized 1- Bedroom Apt Rent Stabilized
$1,200 $957
$1,041 $900


Third Floor: 3F 1- Bedroom Apt Rent Stabilized $995 3R 1- Bedroom Apt Rent Stabilized $1,650

Monthly Inc:
$6,743

Annual Inc: $80,916


Expenses:

Real Estate Taxes: $14,201.12 Water & Sewer: $3,200.00 Insurance: $2,000.00 Heat (Gas): $3,750.00 Electric: (common areas) $1,000.00

Repairs & Maintenance: Total Annual Expenses
$2,200.00 $26,351.12

Net Operating Income: $54,564.88 CAP RATE: 4.7%
ASKING PRICE: $1,150,000+ fee



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#brooklyn #newyork

ID# 10867




50’ WIDE FOUR STORY BRICK APARTTMENT BUILDING FOR SALE PRIME INVESTMENT/DEVELOPMENT OPPORTUNITY
56 WINTHROP STREET
PRIME PROSPECT-LEFFERTS GARDENS
BROOKLYN, NEW YORK

Lot Size: 50’ x 123’
Building Size: Basement: 50’ x 50’ = 2,500 sq. ft. First Floor: 50’ x 50’ = 2,500 sq. ft.
Second Floor: 50’ x 50’ = 2,500 sq. ft.
Third Floor: 50’ x 50’ = 2,500 sq. ft.
Fourth Floor: 50’ x 50’ = 2,500 sq. ft.
10,000 Sq. Ft Above Grade
12,500 Sq. Ft. Below Grade
Stories: Four (4) Plus Basement
Gross Square Feet: 10,000 (Approximately) Above Grade

Zoning: (FAR)
Total Buildable Sq. Ft: Total Available Air Rights: Assessment:
Real Estate Taxes:
R6: (2.43) Height Limit 55’ 14,945
4,945
$181,715 (24/25)
$22,714.40

Description: A 50' wide 9-unit four story brick apartment building. The basement has a one-bedroom apartment with storage space. The
second floor has two units, they are each three-bedroom
apartments with a full kitchen, a full bathroom and living room.
The third floor has two units, they are each three-bedroom
apartments with a full kitchen, a full bathroom and living room.
The fourth floor has two units, they are each three-bedroom
apartments with a full kitchen, a full bathroom and living room.
The building has a front yard along with a back yard and five
garages with six parking spaces along with a shared drive way.
The property is individually metered for gas and electric all the
meters are in the basement. The boiler and water heater is gas, the
roof is new.
The property is located in Prospect-Lefferts Gardens which is under
a lot of development because of it's proximity to Prospect Park and
access to the 2, 5 and Q trains.
The property is a great investment/development opportunity because they have big and spacious bedrooms when the tenants vacate the units there will be a lot of demand for them. The basement has enough space to create another one-bedroom apartment. The six parking spaces can be converted into storage space or live-work space. There is the potential to add value by duplexing the apartments. The first floor can be duplexed with the basement to create two duplex garden apartments. The second and third floor can be duplexed to create two duplex apartments and the fourth floor can be duplexed by using the air rights to create a fifth floor. The property can have a total of six free market units.
Once the building is vacant you can reconfigure the units instead of two-three bedroom apartments per floor, you can have three units per floor. They can be a one-two bedroom apartment and two, two-bedroom apartments. They rent much faster than the three-bedroom apartments.
The first parking space tenant is a lady from PA she pays $100 per month.
The second parking space tenant is Joycelyn apartment 1A on the first floor she pay $60 per month. The third parking space is Jean Carter apartment 2A on the second floor he pays $100 per month. The fouth parking space is Mrs. Carter’s friend he also pays $100 per month.
The fifth parking space is a lady across the street, she pays $100 per month.
Revenue:
Unit Description Unit Type Revenue Proj

First Floor: 1A 1B
3-Bedroom Apt 3-Bedroom Apt
Rent Stabilized Rent Stabilized
$1,250.00 $988.00
$4,500 $4,500
Second Floor: 2A 2B
3-Bedroom Apt 3-Bedroom Apt
Rent Stabilized Rent Stabilized
$650.42 $706.45
$4,250 $4,250

Third Floor: 3A 3-Bedroom Apt Rent Stabilized $1,000.00 $3,750 3B 3-Bedroom Apt Rent Stabilized $200.87 $3,750
Fourth Floor: 4A 3-Bedroom Apt Rent Stabilized $1,353.10 $3,500 4B 3-Bedroom Apt Rent Stabilized $565.00 $3,500
Basement: 1 1-Bedroom Apt Rent Stabilized $538.65 $2,500

Monthly
Income:
Income From Parking:
$7,252.49 $34,500 $460 $2,369

Total Monthly Income:
Annual
Income:
$7,712.49 $92,549.88
$36,869 $442,428

Expenses:

Real Estate Taxes: $22,714.40 Water & Sewer: $7,500.00 Insurance: $3,200.00 Heat (Gas): $8,500.00

Electric: (common areas) Repairs & Maintenance:
$2,300.00 $2,500.00

Total Annual Expenses $46,714.40
Net Operating Income: $395,713.6 CAP RATE: 33%
ASKING PRICE: $1,200,000+ fee



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ID #10867


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

NEW YORK, NEW YORK

Lot Size: 25’ x 88’
Building Size: Basement: 25’ x 88’ = 2,200
Store: 25’ x 88’ = 2,200
2nd Floor: 25’ x 48’ = 1,200
3rd Floor: 25’ x 48’ = 1,200
4th Floor: 25’ x 48’ = 1,200
5th Floor: 25’ x 48’ = 1,200
9,200 Below Grade
7,000 Above Grade
Stories: Five (5) Plus Full Basement
Gross Square Feet: 7,000 (Approximately)

Zoning: (FAR)
Total Buildable Square Feet: Total Available Air Rights: Assessment:
Real Estate Taxes:
C6-1G (6.0) R7 Equivalent (3.44) Height Limit 120’ 13,200
6,200
$335,940 (24/25)
$41,992.52

Description: A 25’ wide four unit, 5-story mixed-use walkup apartment building with a store on the ground floor. Floors two through five are floor
through loft apartments. The apartments are decontrolled and can be
used for live work. They have been renovated with new kitchens,
new bathrooms, new tiled 10’-12’ ceilings, and new floors. The
building is fully sprinkled, new roof and the common areas are in
good condition. Each unit is sub-metered, with their own heating and
cooling units.
The property is located in an area that has a lot of demand for retail
space and residential apartments. Since the property is Located off
Grand Street and two blocks from the D and B trains the store and
apartments above will always command high rents in this 24/7
location. There is also a 14-story hotel being built across the street at
79 Eldridge Street which will increase foot traffic in the area.
The property is a prime investment opportunity because all the
units are free market and the rents can be increase to what the market
can support. The owner does not have to pay to heat the building
because all the tenants have their own gas boilers. Since the property
only has four units and a store it’s not necessary to pay a
management company to manage the building.
The property is also a great development opportunity, with 13,200
buildable square feet the building can be developed into a residential
condo building or an office building or a hotel. Note: The store is
paying $15,200 per month they also pay the water and sewer.
Income:
Unit Description Unit Type Revenue: Lse Exp Ground Floor: Store Adult Day Care Commercial $14,900.00 10/1/30
Second Floor: #1 3 Bedroom Loft 1,200 sq. ft Free Market $6,000.00 10/30/26 Third Floor: #2 3 Bedroom Loft 1,200 sq. ft Free Market $6,000.00 2/28/26 Fourth Floor: #3 3 Bedroom Loft 1,200 sq. ft Free Market $6,000.00 8/30/26
Fifth Floor: #4 3 Bedroom Loft 1,200 sq. ft Free Market $5,700.00 6/30/26 Total Monthly Income: $38,600.00 Total Annual Income: $463,200.00 Note: The tenants pay their own heat, cooking gas & electric. They have their own boilers. Note: For the store there is a 3% to 4% increase per year.
Note: The maximum the real estate tax can increase by is 3% per year.
Expenses:
90 Eldridge St
Real Estate Taxes: $41,992.52
Water & Sewer: Paid By Store $0.00
Electric: Common area $1,200.00
Insurance: $11,000.00
Repairs and Maintenance: $3,500.00
Management (3%) $13,896.00
Total Expenses: $71,588.52
Net Operating Income: $391,611.48 CAP RATE: 5.8% ASKING PRICE: $6,750,000+ fee




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ID #10867



FOUR STORY ELEVATORED LOFT BUILDING FOR SALE

EXCELLENT INVESTMENT/USER OPPORTUNITY



BROOKLYN, NEW YORK


Lot Size: 48' x 88'
Building Size:
Basement: ---48' x 888' = 4,224
First Floor: ---48' x 888' = 4,224
Second Floor:48' x 888' = 4,224
Third Floor: - 48' x 888' = 4,224
Fourth Floor: 48' x 888' = 4,224
Stories: Four
Gross Square Feet: 16,896 appx
Zoning: R6B (2.0) with a C2-4 Overlay (2.0) Height Limit 50’
Taxes: (25/26) $139,159.60
Description:



A 44’ wide nine unit four story elevatored corner loft building. The property has four two-bedroom apartments on the first floor. The second floor is a vacant floor-through apartment in need of gut renovation. The unit has 11’ ceilings with windows on all side. The third floor has two one-bedroom apartments, one unit is a renovated free market apartment and is vacant. The other unit is a IMD unit and is occupied. This floor also has 11’ ceilings. The fourth floor has two, one-bedroom apartments that are occupied, with 11’ ceilings.



The units are individually metered for gas and electric and they tenants pay their own heat. All the apartments get great sunlight. The building has a sprinkler system and two fire escapes.



The property is a prime investment opportunity, long term wise since the units are IMD you can only raise rents biased on the last rent paid. Apartment 3E is a free market apartment, you can charge full rent for this apartment. The zoning allows for the first and second floors to be converted to commercial space.



The building is also a great user opportunity, a user can occupy the second floor and convert it into a big two-bedroom floor-through apartment.

Located in Prime Williamsburg, which has nice retail stores and restaurants. The L train is located five blocks away on Driggs Avenue & N 7TH Street. Note: The tenants are not paying, the new owner must do the legalization work for the tenants to start paying. Please copy this link for the loft board website. The new owner would have to buy everyone out and renovate the building.

ASKING PRICE: $8,500,000+ fee



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