ID 10373

FOUR STORY BROWNSTONE APARTMENT BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
GATES AVENUE
BROOKLYN, NEW YORK

Lot Size: 18’ x 120’
Building Size: Basement: 18’ x 45’ = 810 1st Floor: 18’ x 45’ = 810
2nd Floor: 18’ x 45’ = 810
3rd Floor: 18’ x 45’ = 810
4th Floor: 18’ x 45’ = 810
Stories: Four (4)
Gross Square Feet: 3,240 (Approximately) Above Grade

Zoning: (FAR)
Total Buildable Square Feet:
R6B (2.0) Height Limit 50’ 4,320

Total Available Air Rights: 1,080

Assessment:
Real Estate Taxes:
$69,814 (25/26) $8,684.16

Description: A 18’ wide eight-unit, four story brownstone apartment building. The property has two studio apartments per floor, except for the
fourth floor which has a one-bedroom apartment to the back, and a studio at the front.
The apartments are big and spacious with a living/eating area, a full kitchen and bathroom. Nice wood floors, the units get great sunlight. The apartments have 10’ ceilings, they are individually metered for
gas and electric. The meters, gas boiler and water heater are in the basement.
The units are rent stabilized with stable cash flow. The property is located on beautiful residential block with mostly brownstone
townhouses and single family homes. Located in prime Bedford
Stuyvesant, which has fine retail stores, restaurants and is under lots of development. The A, C and G trains are each five blocks away.
The property is a prime investment opportunity because the units have stable income. Long term wise, if the tenants leave or are
bought out the units can be converted into floor-through apartments. The property would now be a four unit building, which would take it out of rent stabilization.

The property is also a great user opportunity, a user can occupy
one of the units and leave the other apartments as rental income.
Actual Income:
Unit Description Unit Type Revenue Lxp

First Floor: 1 2
Studio-Apt Studio-Apt
Rent Stabilized Rent Stabilized
$1,225.13 $1,596.50
7/31/26 12/31/26

Second Floor 3 Studio-Apt Rent Stabilized $1,547.36
9/30/26

, 4 Studio-Apt Rent Stabilized $1,829.53 1/31/27

Third Floor 5 6
Fourth Floor 7 8
Studio-Apt
Studio-Apt
Studio-Apt
One Bedroom-Apt
Rent Stabilized Rent Stabilized
Rent Stabilized Rent Stabilized
$1,529.08 $1,858.21
$1,217.07 $2,259.40
4/30/26 7/31/26
2/28/27 11/16/26

Total Monthly Income: $13,062.28 Total Annual Income: $156,747.36
Expenses

Real Estate Taxes: $8,684.16
Water & Sewer: $3,200

Electricity: (Common Areas) Heat (Gas):
$1,250 $4,200

Insurance: $3,200

Repairs & Maintenance: Management: 3%
Super:
Total Expenses:
$2,350
$4,702.42
$2,400.00
$29,986.58
Net Operating Income: $126,760.78

ASKING PRICE: $2,000,000.00 + FEE Cap Rate 6.3%




USAPROPERTYSALE@GMAIL.COM

ID: 10373
price + fee





ELEVEN STORY 59 UNIT NEWLY BUILT CORNER MIXED-USE BUILDING


EAST HARLEM



EXCELLENT INVESTMENT/USER OPPORTUNITY

PARK AVENUE

NEW YORK, NEW YORK




Lot Size: 50' x 201' irr

Building Size:

First Floor:---------50' x 201' = 7,000

Second Floor: ----50' x 201' = 7,000

Third Floor:--------50' x 176' = 6,500

Fourth Floor:------50' x 176' = 6,500

Fifth Floor:---------50' x 176' = 6,500

Sixth Floor:--------50' x 176' = 6,500

Seventh Floor: 50' x 176' = 6,500

Eighth Floor: 50' x 151' = 6,000

Ninth Floor: 50' x 131' = 5,000

Tenth Floor: 50' x 131' = 5,000

Eleventh Floor: 50' x 131' = 5,000

Stories: Eleven (11)

Gross Square Feet: 67,500

Zoning: (FAR) R8A (6.02), R7-2 (3.44) with a C1-4 and C1-5 Overlay (2.0)

Assessment: $6,072,570 (25/26)

Taxes: $129,367.96 35 year tax abatement

A 50’ wide 59 unit eleven (11) story mixed-use corner luxury apartment building. The property has a commercial space on the first and second floors. The upper floors have a mixture of studio, one and two bedroom apartments. The building has 18 rent stabilized units and 41 free market apartments.



The building known as The Pearl On Park Avenue has 24 hour concierge attended lobby. Residents lounge with outdoor terrace, fitness room, and rooftop sundeck. Package room, bike storage, co-working lounge.



The property is a prime investment opportunity, the owner kept the store empty so an investor can put their own commercial tenant in the building. Newly built, low maintenance cost.



The building is also a great user opportunity, they can have their business on the ground floor and occupy one of the units above.



Located in prime East Harlem, the property is one block from the 6 train on Lexington Ave & East 110th Street. This new rental development has lots of demand for the apartments.


ASKING PRICE: $55,000,000+ fee



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