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ID#3444

VACANT LOT FOR SALE
PRIME DEVELOPMENT OPPORTUNITY

BROOKLYN, NEW YORK
Location: area Troy and Schenectady Avenues


Lot Size: 20' x 100'
Lot Square Footage:2,000 (Approx)
Zoning: (FAR) R4 (1.35) Height Limit 35’
Total Buildable Square Feet:
Community Facility (2.0) 4,000 Square Feet “appx”
5,240 (2,700 includes 20% attic allowance and duplex basement with 1st fl)




Description:

A 20’ wide vacant lot on a nice residential block

PRICE REDUCED TO: $2,000,000
OR $382 PER BUILDABLE SQUARE FOOT

MIXED-USE BUILDING FOR SALE
PRIME USER/DEVELOPMENT OPPORTUNITY CAN DELIVER VACANT

NEW YORK, NEW YORK
area Rutgers and Pike Streets.
26’.4’’ x 63’


Three (3) Plus Full Basement 4,356 (Approximately)
C6-2 (6.0) R8 Equivalent (6.02) 9,979


A 26’ wide 3-story mixed-use building with a restaurant on the
ground floor and two floor through loft units above.



Net Operating Income:
$210,944.72
$1,000.00 $47,235.28
CAP RATE: 3.5%
ASKING PRICE: $5,950,000

RENOVATED SIX STORY COMMERCIAL BUILDING FOR SALE
PRIME USER/INVESTMENT OPPORTUNITY
NEW YORK, NEW YORK
area East Broadway between Catherine and Market Streets


Description:
50’ x 100’ Basement: Store:


24,157 Above Grade 28,183 Below Grade
Six (6) Plus Full Basement
24,157 (Approximately)
C6-1G (6.0) R7 Equivalent (3.44) 5,843


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 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


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 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.


Net Operating Income: $1,495,552.48
ASKING PRICE: $25,500,000 CAP RATE: 5.9%