ID: 7631
THREE STORY THREE FAMILY BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
OPPORTUNITY ZONE
BROOKLYN, NEW YORK
Location: near Evergreen Avenues
Lot Size: 19’. 42’’ x 100’
Building Size:
Basement: ---19’. 42’’ x 55’ = 1068
First Floor: ---19’. 42’’ x 55’ = 1068
Second Floor:19’. 42’’ x 55’ = 1068
Third Floor: - 19’. 42’’ x 55’ = 1068
Stories: Three
Gross Square Feet: 3,204 appx
Buildable Sq. Ft: 4,719
Air Rights: 1,515
Zoning: R6 (2.43) Height Limit 70’
Taxes: (24/25) $3,526
Description:
A three story three-unit building. The property has a four-bedroom apartment on the first floor. This unit has access to the back yard. The second floor is a four-bedroom floor-through apartment. The third floor is also a four-bedroom floor-through apartment. The basement has a three bedroom apartment which has two means of egress.
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 duplexed with the basement, to create a duplex five bedroom garden apartment. The air rights allow another unit to be built above the third floor.
The building is also a great user opportunity, a user can occupy the first floor and basement, the upper floors can be used for income.
Located in Prime Bushwick, which borders Williamsburg and Bedford Stuyvesant. The property is three blocks from the J train on Kosciuszko Street this allows fifteen minutes access to the city.
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50’ WIDE FOUR STORY BRICK APARTTMENT BUILDING FOR SALE PRIME INVESTMENT/DEVELOPMENT OPPORTUNITY
PRIME PROSPECT-LEFFERTS GARDENS
BROOKLYN, NEW YORK
Location: near Bedford Avenues
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.
Note: The apartments have not been registered with DHCR for many years. There are also no leases. 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:
Total Monthly Income:
$7,252.49 $34,500 $460 $2,369
$7,712.49 $36,869
Annual
Income:
Expenses:
Real Estate Taxes: $22,714.40 Water & Sewer: $7,500.00 Insurance: $3,200.00 Heat (Gas): $8,500.00
$92,549.88 $442,428
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
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THREE STORY APARTMENT BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
BROOKLYN, NEW YORK
Location: near Snyder Avenues
Lot Size: 40’ x 100’
Building Size: Basement: 24’ x 78’ = 1,872 sq. ft. 1st Floor: 24’ x 78’ = 1,872 sq. ft.
2nd Floor: 24’ x 78’ = 1,872 sq. ft. ft.
3rd Floor: 24’ x 78’ = 1,872 sq. ft. ft.
Stories: Three (3) Plus Basement
Gross Square Feet: 5,616 (Approximately) Above Grade
Zoning: (FAR)
Total Buildable Sq. Ft: Total Available Air Rights: Assessment:
Real Estate Taxes:
Description:
R5: (1.25) Height Limit 40’
5,000
0
$179,460 (24/25)
$22,432.52
A 24’ 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 one-bedroom apartment, all the other units are two-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 gas boiler, water heater.
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 Church 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. The 35 Bus runs along Church Avenue, to Nostrand
Avenue. 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
1- Bedroom Apt Rent Stabilized 2- Bedroom Apt Rent Stabilized
2- Bedroom Apt Rent Stabilized 2- Bedroom Apt Rent Stabilized
$1,550 $1,480
$2,049 $2,100
Third Floor: 3F 2- Bedroom Apt Rent Stabilized $1,402 3R 2- Bedroom Apt Rent Stabilized $1,650
Projected
Parking Inc.
Monthly Inc:
Annual Inc:
Expenses:
Real Estate Taxes: $22,432.52 Water & Sewer: $7,900.00 Insurance: $5,500.00 Heat (Gas): $6,775.00 Electric: (common areas) $1,000.00
$500
$10,731
$128,772
Repairs & Maintenance: Total Annual Expenses
$2,350.00 $45,957.52
Net Operating Income: $82,814.48 CAP RATE: 6.5%
ASKING PRICE: $1,260,000 reduced 1,100,000
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CORNER THREE STORY MIXED-USE BUILDING FOR SALE EXCELLENT INVESTMENT/DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location: near Buffalo Avenues
Lot Size: 50’ x 100’
Building Size: Basement: 50’ x 100’ irr = 2,316 1st Floor: 50’ x 100’ irr = 2,316
2nd Floor: 50’ x 100’ irr = 2,316
3rd Floor: 50’ x 100’ irr = 2,316
Stories: Three (3)
Gross Square Feet: 6,950 (Approximately)
Zoning: (FAR)
Total Buildable Square Feet:
R7D (4.2) with a C2-4 Overlay (2.0) Height Limit 100’ 21,000 (25,000 with City Of Yes Program)
Total Available Air Rights: 14,050
Assessment:
Real Estate Taxes:
$88,715 (24/25) $11,089.40
Description: An 50’ wide four-unit three story corner mixed use building. The first floor has four stores, the second floor has two, two-bedroom apartments
and the third floor also has two, two-bedroom apartments. The units are
all free market, they have a full kitchen and bathroom along with a
eating/living area. The boiler and water heater is gas, the apartments are
individually metered for gas and electric. The utilities and the meters 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 four stores on the
ground floor and four free market units above the potential is tremendous.
The stores do good because they get foot traffic from the A & C trains on
Fulton & Utica Avenue. The apartments can get more income by
renovating them. They will be in high demand because of the property’s
proximity to transportation A & C trains and B46 bus. A bill board sign
can be put up at the side of the building for more income.
The property is also a great development opportunity, a developer can
build a 21,000 square foot building. This can be a ten story mixed-use
building. The zoning allows commercial on the first and second floors and
apartments above. The apartments can be rentals or condos. You can build forty-one apartments. The property is being sold with approve plans for 33 apartments 3,000 square feet of commercial space.
Income:
Unit Description Unit Type Rev Lxp Proj First Fl: Store Deli Commercial $7,000 Mo-Mo $7,500 Store 99 Cents Commercial $5,300 Mo-Mo $5,700 Store Shipping Commercial $0.00 Vacant $2,200 Store Barber Commercial $1,685 Mo-Mo $2,200
Second Floor: 1 2 Bd Apt Free Market $0.00 Vacant $2,650 2 2 Bd Apt Free Market $0.00 Vacant $2,500
Third Floor: 3 2 Bd Apt Free Market $0.00 Vacant $2,500 4 2 Bd Apt Free Market $0.00 Vacant $2,250 Monthly Income: $13,985 $27,500 Annual Income: $167,820 $330,000
Expenses:
Real Estate Taxes: $11,089.40 Water & Sewer: $4,200.00 Insurance: $3,200.00 Heat (Gas): $6,000.00 Electric: (common areas) $2,200.00
Repairs & Maintenance: Total Annual Expenses
$3,200.00 $29,889.40
Net Operating Income: $300,110.6 CAP RATE: 8.0%
ASKING PRICE: $3,750,000
OR $178 PER BUILDABLE SQUARE FOOT
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TWO STORY SINGLE FAMILY MANSION FOR SALE
EXCELLENT DEVELOPMENT/USER OPPORTUNITY
BROOKLYN, NEW YORK
East 70th Street
Lot Size:
Lot Square Footage:
100’ x 200’ irr 15,000 Square feet
Building Size: Basement: 64’ x 110’ irr = 5,612 1st Floor: 64’ x 110’ irr = 5,612
2nd Floor: 64’ x 110’ irr = 5,612
Stories: Two (2)
Gross Square Feet: 11,224 (Approximately)
Zoning: (FAR)
Total Buildable Square Feet:
R3-2 (0.5) and R3-1 (0.5) Height Limit 35’ 7,500
Total Available Air Rights: No Air Rights
Assessment:
Real Estate Taxes:
$166,148 (24/25)
$0.00 The property is tax exempt
Description: A 64’ wide two-story vacant corner single family mansion which is one of the largest residential properties in Brooklyn. The property is on a 15,000
square foot lot with 110’ of frontage on Avenue W.
The mansion has three bedrooms, a full bathroom, two kitchens, two half
bathrooms, living room, dining room and four car garage. The house has
20’ ceilings along with a full basement which has 9’ ceilings.
The property is a prime development opportunity, it can be subdivided
into five buildings with each building being a three family with a
driveway and garage. The developer would save on hard cost by not
taking the original building down, but converting it into five separate
buildings.
The property can also be developed it into an apartment building and the
units rented or sold as condos. The developer can also renovate the
building and rent it out as Airbnb or a summer home or to a family on a
monthly basis.
The property is also a great user opportunity, a user can renovate the
building to live in with their family. They can also rent out the four car
garage and front yard for parking.
Located in the Bergen Beach neighborhood, the area is a great place to raise a family. The area has fine restaurants, coffee shops and parks also most of the area is surrounded by single and two family homes. Kings Plaza is a few blocks away along with the Georgetown Shopping Center. The area is service by the B46, B41 and B3 bus which gives access to the 2, 5 and 3 trains.
ASKING PRICE: $3,000,000
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FIVE STORY 5-UNIT BROWN STONE BUILDING FOR SALE
EXCELLENT USER/INVESTMENT OPPORTUNITY
NEW YORK, NEW YORK
Location: near Third Avenues
Lot Size: 17' x 92'
Building Size:
Basement: ---17' x 60' = 1,020
First Floor: ---17' x 60' = 1,020
Second Floor:17' x 60' = 1,020
Third Floor: -_17' x 60' = 1,020
Fourth Floor:- 17' x 60' = 1,020
Fifth Floor:-----17' x 60' = 1,020
Stories: Five
Gross Square Feet: 5,100 appx
Zoning: R7A: (4.0) Height Limit 80’
Buildable Sq. Ft: 6,256
Air Rights: 1,156
Taxes: (24/25) $4,337.64
Description:
A 17’ wide 5-unit five story brownstone apartment building. The first floor is a one-bedroom floor-through garden apartment. Floors two through five each are one-bedroom floor through apartments. The hallways have nice tiled floors, great lighting, 10’ ceilings. The foyer has exposed brick, glass front entrance door. The property is individually metered for gas and electric, there is a gas boiler and water heater in the basement. All the units get great sunlight.
The property is a great user opportunity, a user can live in one of the units and use the others for rental income.
The building is also a great investment opportunity, since all the units are free market, they can always be rented at full market value. The air rights can be used to duplex the top floor, the garden unit can be duplexed with the basement to add value.
The property is close to the 6 train which gives easy access to Mid-town and the outer boroughs. Note: The owner bought the building from the first floor tenant, the deal is they do not pay rent.
ASKING PRICE: $2,500,000 CAP RATE: 5.4%
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46’ WIDE TWO STORY RENOVATED SINGLE FAMILY BUILDING FOR SALE EXCELLENT USER OPPORTUNITY
DELIVERED VACANT
ROCKAWAY PARK, NEW YORK
Location: Newport Avenues
Lot Size: 60' x 100'
Building Size:
First Floor: ---46' x 28' irr = 1,275
Second Floor:46' x 28' irr = 1,275
Stories: Two
Gross Square Feet: 2,550
Zoning: (FAR) R2 (.75)
Buildable Sq. Ft: 4,500
Air Rights: 1,950
Taxes: (24/25) $8,742.16
Description:
A 40’ wide two-story renovated single family building. The property has five good size bedrooms, big enough for a king size bed. The building has three full bath rooms.
The first front entrance has 20’ ceilings with a beautiful chandelier. The right side has the living room, which has beautiful wood floors and gets great sunlight from the front windows. To the back is the full kitchen, which has stainless steel appliances, Viking stove and smart refrigerator and an island. Next to the kitchen is the dining room, which has a six seat glass table and a beautiful light fixture above.
To the back of the kitchen and dining room is a big living room, which has a glass door that leads to the outside patio deck. The patio deck has a stair case that leads to the back yard. The first floor has two big bedrooms and a full bathroom.
The second floor has three good size bedrooms. The first bedroom is the master bedroom, which has a full bathroom and an outside deck which has an ariel view of the first floor patio deck and backyard. The other two big bedrooms have 10’ ceilings with beautiful wood floors and windows on both sides. This floor has a public full bathroom.
The property has a beautiful front yard along with a driveway and car garage. The basement has two HVAC units and a gas water heater, the solar panels are on the roof. The property has one gas and electric meter.
The building has great views of Manhattan and easy access to the A train on Rockaway Park Beach 116th Street.
The property is a great user opportunity, a family can occupy the property each child can have their own bedroom and one of the bedrooms can be converted into a home office.
In a R2 zoning distract you can only build a single family detached home, with the 1,950 square feet of air rights the property can be made bigger.
ASKING PRICE: $1,800,000
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TWO STORY SINGLE FAMILY MANSION FOR SALE
EXCELLENT DEVELOPMENT/USER OPPORTUNITY
BROOKLYN, NEW YORK
Location: East 70th Street
Lot Size:
Lot Square Footage:
100’ x 200’ irr 15,000 Square feet
Building Size: Basement: 64’ x 110’ irr = 5,612 1st Floor: 64’ x 110’ irr = 5,612
2nd Floor: 64’ x 110’ irr = 5,612
Stories: Two (2)
Gross Square Feet: 11,224 (Approximately)
Zoning: (FAR)
Total Buildable Square Feet:
R3-2 (0.5) and R3-1 (0.5) Height Limit 35’ 7,500
Total Available Air Rights: No Air Rights
Assessment:
Real Estate Taxes:
$166,148 (24/25)
$0.00 The property is tax exempt
Description: A 64’ wide two-story vacant corner single family mansion which is one of the largest residential properties in Brooklyn. The property is on a 15,000
square foot lot with 110’ of frontage on Avenue W.
The mansion has three bedrooms, a full bathroom, two kitchens, two half
bathrooms, living room, dining room and four car garage. The house has
20’ ceilings along with a full basement which has 9’ ceilings.
The property is a prime development opportunity, it can be subdivided
into five buildings with each building being a three family with a
driveway and garage. The developer would save on hard cost by not
taking the original building down, but converting it into five separate
buildings.
The property can also be developed it into an apartment building and the
units rented or sold as condos. The developer can also renovate the
building and rent it out as Airbnb or a summer home or to a family on a
monthly basis.
The property is also a great user opportunity, a user can renovate the
building to live in with their family. They can also rent out the four car
garage and front yard for parking.
Located in the Bergen Beach neighborhood, the area is a great place to raise a family. The area has fine restaurants, coffee shops and parks also most of the area is surrounded by single and two family homes. Kings Plaza is a few blocks away along with the Georgetown Shopping Center. The area is service by the B46, B41 and B3 bus which gives access to the 2, 5 and 3 trains.
ASKING PRICE: $3,000,000
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THREE STORY MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
OPPORTUNITY ZONE
BROOKLYN, NEW YORK
Location: near Mother Gaston Blvd
Lot Size: 20’ x 50’
Building Size: 1st Floor: 20’ x 40’ = 800
2nd Floor: 20’ x 40’ = 800
3rd Floor: 20’ x 40’ = 800
Stories: Three (3)
Gross Square Feet: 2,400 (Approximately)
Zoning: (FAR) R6 (2.43) with a C1-3 Overlay (2.0)
Total Buildable Square Feet: Total Available Air Rights: Assessment:
Real Estate Taxes:
Residential: 2,430 30
$6,588 (24/25) $1,323.20
Description: A 20’ wide 2 unit three story mixed-use building. The property has a store on the ground floor that’s occupied and has access to the basement. The
store has been fully renovated. The second floor is a three-bedroom floor
through apartment. This unit has a full kitchen and full bathroom and a
eating/living area. The third floor is a four-bedroom floor-through
apartment, with a full kitchen & full bathroom and an eating/living area.
The property is three blocks from the L train station and one block from
Pitkin Avenue, which has fine restaurants and retail stores. Also located
off the corner of Mother Gaston Blvd which also has fine retail stores and
restaurants. The building is individually metered each units pays for their
own light and cooking gas.
The property is a prime investment opportunity because it allows an
investor to add value by updating the units and giving them their own
boilers and water heaters. There will be more demand for the units and the
store as more people from the city and more expensive neighborhoods in
Brooklyn come to rent in the area.
The building also makes a great user opportunity, a user can have a
business on the ground floor and live on the second floor and rent the third
floor for income.
Revenue:
Unit Description Unit Type Revenue LXP
Ground Floor: Store/Events Space
Commercial $2,750 7/22/26
Second Floor: # 1 3 Bedroom Apt Free Market $2,500 Mo-Mo
Third Floor: # 2 4 Bedroom Apt Free Market $3,500 1/27 Total Income: $6,800
Total Annual
Income:
Expenses:
Real Estate Taxes:
$1,323.20
$81,600
Water & Sewer: $2,500 Insurance: $2,400 Fuel (Gas): $3,000 Electricity: (common area’s) $1,200 Repairs & Maintenance: $1,500 Total Annual Expenses: $11,923.2
Net Operating Income: $69,676.8 CAP RATE: 5.1 %
ASKING PRICE: $1,350,000
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FOUR STORY RENOVATED MIXED-USE BUILDING FOR SALE
EXCELLENT USER/INVESTMENT OPPORTUNITY
NEW YORK, NEW YORK
Location: Lenox Avenue
Lot Size: 17' x 75'
Building Size:
Basement: ---17' x 75' = 1,275
First Floor: ---17' x 75' = 1,275
Second Floor:17' x 65' = 1,1105
Third Floor:---17' x 65' = 1,105
Fourth Floor: -17' x 65' = 1,105
Stories: Four
Gross Square Feet: 4,590 appx
Zoning: C4-4A: (4.0) R7A equivalent (4.0) Height Limit 80’
Buildable Sq. Ft: 5,100
Air Rights: 510 Sq. Ft
Taxes: (24/25) $20,981.60
Description:
A 17’ wide 1-unit four story mixed-use building. The first has a store, which is being used as an office. The space is built full and has access to the basement.
The second floor is a floor-through office, which has a kitchen, a half bathroom, a conference room and two office rooms. To the back is the balcony, which has great sunlight. This unit has 10’ ceilings.
The third and fourth floors is a two-bedroom, two bathroom duplex apartment. The unit has a big living room, with a dining area. The kitchen has top of the line appliances. The floors have 10’ ceilings each
The building is newly renovated and individually metered for gas and electric. There is a gas water heater and separate HVAC for heating and cooling to all the units.
The property is a great user opportunity, a user can have a business on the ground floor and use the second floor as an office. The third and fourth floor duplex apartment can be rented for income.
The building is also a great investment opportunity, an investor can always rent to store for top dollar since it’s a top location area.
The second floor can be built full to create a bigger commercial space. The unit can also be converted into a two bedroom apartment.
The duplex unit can be developed into a triplex unit because of the 510 square feet of air rights which can be added on top.
The property is one block from Whole Foods and west 125th Street which has great traffic. The 2 and 3 trains is on West 125th Street & Lenox Avenue.
ASKING PRICE: $4,500,000
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CORNER THREE STORY MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location: near Buffalo Avenues
Lot Size: 50' x 100'
Building Size:
Basement: 50' x 100' irr = 2,316 sq ft
1st Floor: _50' x 100' irr = 2,316 sq ft
2nd Floor:-50' x 100' irr = 2,316 sq ft
3rd Floor:-50' x 100' irr = 2,316 sq ft
Stories: Three Plus Full Basement
Gross Square Feet: 6,950 appx
Zoning: (FAR) R7D (4.2) with a C2-4 Overlay (2.0) Height Limit 100'
Total Buildable Sq. Ft: 21,000 (25,000 with City Of Yes Program)
Air Rights: 14,050
Taxes: (24/25) $11,089.40
An 50’ wide four-unit three story corner mixed use building. The first floor has four stores, the second floor has two, two-bedroom apartments and the third floor also has two, two-bedroom apartments. The units are all free market, they have a full kitchen and bathroom along with a eating/living area. The boiler and water heater is gas, the apartments are individually metered for gas and electric. The utilities and the meters 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 four stores on the ground floor and four free market units above the potential is tremendous. The stores do good because they get foot traffic from the A & C trains on Fulton & Utica Avenue. The apartments can get more income by renovating them. They will be in high demand because of the property’s proximity to transportation A & C trains and B46 bus. A bill board sign can be put up at the side of the building for more income.
The property is also a great development opportunity, a developer can build a 21,000 square foot building. This can be a ten story mixed-use building. The zoning allows commercial on the first and second floors and apartments above. The apartments can be rentals or condos. The City Of Yes program allows a 25,000 square foot building to be built. Please feel free to contact me for a full setup and tour. You can also click on this link for the setup/rent roll.
REDUCED ASKING PRICE: $3,750,000 CAP RATE 8.0%
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VACANT LOT FOR SALE
WITH APPROVE PLANS FOR A 6-UNIT FOUR STORY BUILDING
PRIME DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location near Avenue D
Lot Size: 20' x 100'
Building Size: Approve Plans
Basement:---------20' x 52' = 1,040 Needs To Be Built
First Floor: ---___20' x 52' = 1,040 Needs To Be Built
Second Floor:----20' x 52' = 1,040 Needs To Be Built
Third Floor:----__20' x 52' = 1,040 Needs To Be Built
Fourth Floor:-----20' x 52' = 1,040 Needs To Be Built
Zoning: (FAR) R6 (2.43) Height Limit 70’
Buildable Square Ft: 4,860
Assessment: $38,093 (23/24)
Taxes: $4,913.88
A 20’ wide vacant with approve plans for a 6-unit four story building. The foundation, basement and first floor is already built.
The upper floors need to be built.
The first floor will be a two-bedroom floor-through apartment. The two-bedrooms are located to the back of the unit. There will be a full bathroom along with a kitchenette, living/dining area.
The second floor will be a three-bedroom floor-through apartment. One bedroom will be located to the front and the other two located to the back. There will also be two full bathrooms and a living/dining area.
The third floor will have two one-bedroom apartments. They will be located to the front and back of the building. The units will have a full bathroom, a kitchenette and a living/dining area.
The fourth floor will have two one-bedroom apartments. They will be located to the front and back of the building. The units will have a full bathroom, a kitchenette and a living/dining area. Please contact me for approve plans.
The property is a prime development opportunity, because it’s being sold with approve plans. Since the foundation is done and the original building has been taken down the developer will be saving on hard costs.
The site is close to Rogers Avenue which has a lot of new developments. Nostrand Avenue has all the fine retail stores and restaurants. The property is four blocks from the 2 & 5 trains on Nostrand & NewKirk Avenues.
Net Operating Income: $179,186.12 CAP RATE: 22.7%
ASKING PRICE: $790,000
==================================================
TWO STORY MIXED-USE BUILDING
EXCELLENT INVESTMENT/USER OPPORTUNITY
BROOKLYN, NEW YORK
Location: Near Utica Avenue
Lot Size: 20' x 40'
Building Size:
Basement: ---20' x 36' irr = 760
First Floor: ---20' x 36' irr = 760
Second Floor:20' x 36' irr = 760
Stories: Two Plus Full Basement
Gross Square Feet: 1,520 appx
Zoning: R5 (1.25) with a C2-2 Overlay (1.0) Height Limit 40’
Taxes: (24/25) $5,015.24
Description:
A 20’ wide one-unit two story mixed-use building. The property has a store on the ground floor, the second floor is a two bedroom apartment.
The unit has a full kitchen and bathroom along with a living/dining area.
The property is individually metered for gas & electric. The meters are in the basement along with the gas boiler and water heater.
The property is a prime investment opportunity, the store can be rented at full market rent to a beauty salon, grocery store or for any retail use. The second floor can also be converted into commercial and rented as office space or any retail use. The two-bedroom apartment can easily be rented from $2,300 to $2,500. The unit can also be converted into a three-bedroom apartment to get more income. An investor can give each unit its own boiler and water heater.
The building is also a great user opportunity, a user can have a business on the ground floor and live in the two-bedroom apartment above.
The property is located on a nice residential block off Utica Avenue.
The B46 bus is one block away on Tilden & Utica Avenue. This gives easy access to Eastern Parkway which has the 2, 3, 4 & 5 trains.
ASKING PRICE: $1,150,000
===========================
TWO STORY SINGLE FAMILY MANSION FOR SALE
EXCELLENT DEVELOPMENT/USER OPPORTUNITY
Location: East 70th Street
Lot Size:
Lot Square Footage:
100’ x 200’ irr 15,000 Square feet
Building Size: Basement: 64’ x 110’ irr = 5,612 1st Floor: 64’ x 110’ irr = 5,612
2nd Floor: 64’ x 110’ irr = 5,612
Stories: Two (2)
Gross Square Feet: 11,224 (Approximately)
Zoning: (FAR)
Total Buildable Square Feet:
R3-2 (0.5) and R3-1 (0.5) Height Limit 35’ 7,500
Total Available Air Rights: No Air Rights
Assessment:
Real Estate Taxes:
$166,148 (24/25)
$0.00 The property is tax exempt
Description: A 64’ wide two-story vacant corner single family mansion which is one of the largest residential properties in Brooklyn. The property is on a 16,000
square foot lot with 110’ of frontage on Avenue W.
The property is a prime development opportunity, it can be subdivided
into five buildings with each building being a three family with a
driveway and garage. The developer would save on hard cost by not
taking the original building down, but converting it into five separate
buildings.
The property can also be developed it into an apartment building and the
units rented or sold as condos. The developer can also renovate the
building and rent it out as Airbnb or a summer home or to a family on a
monthly basis.
The property is also a great user opportunity, a user can renovate the
building to live in with their family. They can also rent out the four car
garage and front yard for parking.
Located in the Bergen Beach neighborhood, the area is a great place to
raise a family. The area has fine restaurants, coffee shops and parks also
most of the area is surrounded by single and two family homes. Kings
Plaza is a few blocks away along with the Georgetown Shopping Center.
The area is service by the B46, B41 and B3 bus which gives access to the 2, 5 and 3 trains.
ASKING PRICE: $3,000,000
+++++++++++++++++++++++=
VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location: near Avenue X
Lot Size: 28’ x 125’
Zoning: (FAR)
Lot Sq. Ft.
Total Buildable Square Feet:
Assessment:
Real Estate Taxes:
R7A (4) City of Yes Program FAR (5.0) with 45 year tax abatement. Height Limit 85’
3,472
13,888 sq. ft “as is” FAR (4). Community Facility same FAR (4). 17,360 sq. ft with City Of Yes FAR (5.0).
$80,513 (24/25)
$8,664.84
Description: A 28’ wide vacant lot which has 13,360 buildable square feet. The lot size makes the property a prime development opportunity. A
developer can build an eight story apartment or medical building which
are both in high demand in the area.
The zoning allows the first two floors to be community facility and the
upper floors residential, or whole building can be residential. A developer
can apply to build 17,360 square feet with the City Of Yes program.
The lot size allows two or three good size units to be built per floor. The
apartments can be luxury rentals or condos.
The property is located in prime Sheepshead Bay, which is three blocks
from the R train. This gives quick access to the Downtown Brooklyn and
Manhattan. The area has fine restaurants, retail stores and medical
facilities.
ASKING PRICE: $3,000,000
OR $216 PER BUILDABLE SQUARE FOOT
+++++++++++++++++++=
VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location: near Whipple Street
Lot Size: 20’ x 78’
Zoning: (FAR)
Total Buildable Square Feet: Assessment:
Real Estate Taxes:
R6 (2.43) with a C2-3 Overlay (2.0) Height Limit 65’ 3,706
$104,850 (24/25)
$11,283.96
Description: A 20’ wide vacant lot which has 3,706 buildable square feet. The lot size makes the property a prime development opportunity. A
developer can build a four to six story apartment or mixed-use building.
The zoning allows the first two floors to be commercial and the upper
floors residential, or whole building can be residential. The property also
has a curb cut.
Floor-through units would be perfect for this size lot as well as duplex
units. The property is located in prime Williamsburg, is three blocks from
the M and J trains. This gives quick access to the City and Queens.
Broadway has fine restaurants, retail stores and super markets.
two blocks from the J & Z trains on Fulton Street & Van Siclen venue.
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: $1,500,000
OR $404 PER BUILDABLE SQUARE FOOT
+++++++++++++++++++++++++
THREE STORY TWO UNIT APARTMENT BUILDING FOR SALE EXCELLENT DEVELOPMENT/USER OPPORTUNITY
BROOKLYN, NEW YORK
Location: near Jerome Street
Lot Size: 25’ x 79’
Building Size: Basement: 25’ x 79’ = 1,975 sq. ft. Ground Floor: 25’ x 79’ = 1,975 sq. ft.
2nd Floor: 25’ x 50’ = 1,250 sq. ft.
3rd Floor: 25’ x 50’ = 1,250 sq. ft.
Stories:
Three (3) Plus Basement
Gross Square Feet: 4,475 (Approximately) Above Grade
Zoning: (FAR)
Total Buildable Sq. Ft: Total Available Air Rights: Assessment:
Real Estate Taxes:
R8A (6.02) with a C2-4 Overlay (2.0) Height Limit 120’ 11,889
7,414
$39,226 (24/25)
$7,878.56
Description: A 25’ wide 2-unit three-story corner mixed-use building. The property has a store on the ground floor. The second floor is a vacant
two-bedroom floor-through apartment. The third floor is also a two
bedroom floor-through apartment. The store is owner occupied and
the upper floors are vacant. The building is delivered vacant.
The property is a prime development opportunity, the zoning
allows an 11,889 square foot building to be built. The first floor can
be a store, and the apartments can be above.
The building also makes a great user opportunity; a user can occupy
the store and rent out the second and third floors for income.
The property has great commercial and residential exposure on a
wide street. The building is four blocks away from Broadway
Junction which gives access to the A, C, J and L trains.
ASKING PRICE: $4,250,000
+++++++++++++++++++++
THREE STORY APARTMENT BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
BROOKLYN, NEW YORK
Location: near and Snyder Avenues
Lot Size: 40’ x 100’
Building Size: Basement: 24’ x 78’ = 1,872 sq. ft. 1st Floor: 24’ x 78’ = 1,872 sq. ft.
2nd Floor: 24’ x 78’ = 1,872 sq. ft. ft.
3rd Floor: 24’ x 78’ = 1,872 sq. ft. ft.
Stories: Three (3) Plus Basement
Gross Square Feet: 5,616 (Approximately) Above Grade
Zoning: (FAR)
Total Buildable Sq. Ft: Total Available Air Rights: Assessment:
Real Estate Taxes:
Description:
R5: (1.25) Height Limit 40’
5,000
0
$179,460 (24/25)
$22,432.52
A 24’ 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 one-bedroom apartment, all the other units are two-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 gas boiler, water heater.
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 Church 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. The 35 Bus runs along Church Avenue, to Nostrand
Avenue. 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
1- Bedroom Apt Rent Stabilized 2- Bedroom Apt Rent Stabilized
2- Bedroom Apt Rent Stabilized 2- Bedroom Apt Rent Stabilized
$1,550 $1,480
$2,049 $2,100
Third Floor: 3F 2- Bedroom Apt Rent Stabilized $1,402 3R 2- Bedroom Apt Rent Stabilized $1,650
Projected
Parking Inc.
Monthly Inc:
Annual Inc:
Expenses:
Real Estate Taxes: $22,432.52 Water & Sewer: $7,900.00 Insurance: $5,500.00 Heat (Gas): $6,775.00 Electric: (common areas) $1,000.00
$500
$10,731
$128,772
Repairs & Maintenance: Total Annual Expenses
$2,350.00 $45,957.52
Net Operating Income: $82,814.48 CAP RATE: 6.5%
ASKING PRICE: $1,260,000
++++++++++++++++++++++++++
ID: 7631
THREE STORY THREE FAMILY BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
OPPORTUNITY ZONE
BROOKLYN, NEW YORK
Location: near Evergreen Avenues
Lot Size: 19’. 42’’ x 100’
Building Size:
Basement: ---19’. 42’’ x 55’ = 1068
First Floor: ---19’. 42’’ x 55’ = 1068
Second Floor:19’. 42’’ x 55’ = 1068
Third Floor: - 19’. 42’’ x 55’ = 1068
Stories: Three
Gross Square Feet: 3,204 appx
Buildable Sq. Ft: 4,719
Air Rights: 1,515
Zoning: R6 (2.43) Height Limit 70’
Taxes: (24/25) $3,526
Description:
A three story three-unit building. The property has a four-bedroom apartment on the first floor. This unit has access to the back yard. The second floor is a four-bedroom floor-through apartment. The third floor is also a four-bedroom floor-through apartment. The basement has a three bedroom apartment which has two means of egress.
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 duplexed with the basement, to create a duplex five bedroom garden apartment. The air rights allow another unit to be built above the third floor.
The building is also a great user opportunity, a user can occupy the first floor and basement, the upper floors can be used for income.
Located in Prime Bushwick, which borders Williamsburg and Bedford Stuyvesant. The property is three blocks from the J train on Kosciuszko Street this allows fifteen minutes access to the city.
+++++++++++++++++++++++++++++++
50’ WIDE FOUR STORY BRICK APARTTMENT BUILDING FOR SALE PRIME INVESTMENT/DEVELOPMENT OPPORTUNITY
PRIME PROSPECT-LEFFERTS GARDENS
BROOKLYN, NEW YORK
Location: near Bedford Avenues
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.
Note: The apartments have not been registered with DHCR for many years. There are also no leases. 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:
Total Monthly Income:
$7,252.49 $34,500 $460 $2,369
$7,712.49 $36,869
Annual
Income:
Expenses:
Real Estate Taxes: $22,714.40 Water & Sewer: $7,500.00 Insurance: $3,200.00 Heat (Gas): $8,500.00
$92,549.88 $442,428
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
+++++++++++++++++++++++++++++++++
THREE STORY APARTMENT BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
BROOKLYN, NEW YORK
Location: near Snyder Avenues
Lot Size: 40’ x 100’
Building Size: Basement: 24’ x 78’ = 1,872 sq. ft. 1st Floor: 24’ x 78’ = 1,872 sq. ft.
2nd Floor: 24’ x 78’ = 1,872 sq. ft. ft.
3rd Floor: 24’ x 78’ = 1,872 sq. ft. ft.
Stories: Three (3) Plus Basement
Gross Square Feet: 5,616 (Approximately) Above Grade
Zoning: (FAR)
Total Buildable Sq. Ft: Total Available Air Rights: Assessment:
Real Estate Taxes:
Description:
R5: (1.25) Height Limit 40’
5,000
0
$179,460 (24/25)
$22,432.52
A 24’ 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 one-bedroom apartment, all the other units are two-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 gas boiler, water heater.
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 Church 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. The 35 Bus runs along Church Avenue, to Nostrand
Avenue. 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
1- Bedroom Apt Rent Stabilized 2- Bedroom Apt Rent Stabilized
2- Bedroom Apt Rent Stabilized 2- Bedroom Apt Rent Stabilized
$1,550 $1,480
$2,049 $2,100
Third Floor: 3F 2- Bedroom Apt Rent Stabilized $1,402 3R 2- Bedroom Apt Rent Stabilized $1,650
Projected
Parking Inc.
Monthly Inc:
Annual Inc:
Expenses:
Real Estate Taxes: $22,432.52 Water & Sewer: $7,900.00 Insurance: $5,500.00 Heat (Gas): $6,775.00 Electric: (common areas) $1,000.00
$500
$10,731
$128,772
Repairs & Maintenance: Total Annual Expenses
$2,350.00 $45,957.52
Net Operating Income: $82,814.48 CAP RATE: 6.5%
ASKING PRICE: $1,260,000 reduced 1,100,000
===========================
CORNER THREE STORY MIXED-USE BUILDING FOR SALE EXCELLENT INVESTMENT/DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location: near Buffalo Avenues
Lot Size: 50’ x 100’
Building Size: Basement: 50’ x 100’ irr = 2,316 1st Floor: 50’ x 100’ irr = 2,316
2nd Floor: 50’ x 100’ irr = 2,316
3rd Floor: 50’ x 100’ irr = 2,316
Stories: Three (3)
Gross Square Feet: 6,950 (Approximately)
Zoning: (FAR)
Total Buildable Square Feet:
R7D (4.2) with a C2-4 Overlay (2.0) Height Limit 100’ 21,000 (25,000 with City Of Yes Program)
Total Available Air Rights: 14,050
Assessment:
Real Estate Taxes:
$88,715 (24/25) $11,089.40
Description: An 50’ wide four-unit three story corner mixed use building. The first floor has four stores, the second floor has two, two-bedroom apartments
and the third floor also has two, two-bedroom apartments. The units are
all free market, they have a full kitchen and bathroom along with a
eating/living area. The boiler and water heater is gas, the apartments are
individually metered for gas and electric. The utilities and the meters 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 four stores on the
ground floor and four free market units above the potential is tremendous.
The stores do good because they get foot traffic from the A & C trains on
Fulton & Utica Avenue. The apartments can get more income by
renovating them. They will be in high demand because of the property’s
proximity to transportation A & C trains and B46 bus. A bill board sign
can be put up at the side of the building for more income.
The property is also a great development opportunity, a developer can
build a 21,000 square foot building. This can be a ten story mixed-use
building. The zoning allows commercial on the first and second floors and
apartments above. The apartments can be rentals or condos. You can build forty-one apartments. The property is being sold with approve plans for 33 apartments 3,000 square feet of commercial space.
Income:
Unit Description Unit Type Rev Lxp Proj First Fl: Store Deli Commercial $7,000 Mo-Mo $7,500 Store 99 Cents Commercial $5,300 Mo-Mo $5,700 Store Shipping Commercial $0.00 Vacant $2,200 Store Barber Commercial $1,685 Mo-Mo $2,200
Second Floor: 1 2 Bd Apt Free Market $0.00 Vacant $2,650 2 2 Bd Apt Free Market $0.00 Vacant $2,500
Third Floor: 3 2 Bd Apt Free Market $0.00 Vacant $2,500 4 2 Bd Apt Free Market $0.00 Vacant $2,250 Monthly Income: $13,985 $27,500 Annual Income: $167,820 $330,000
Expenses:
Real Estate Taxes: $11,089.40 Water & Sewer: $4,200.00 Insurance: $3,200.00 Heat (Gas): $6,000.00 Electric: (common areas) $2,200.00
Repairs & Maintenance: Total Annual Expenses
$3,200.00 $29,889.40
Net Operating Income: $300,110.6 CAP RATE: 8.0%
ASKING PRICE: $3,750,000
OR $178 PER BUILDABLE SQUARE FOOT
===============================
TWO STORY SINGLE FAMILY MANSION FOR SALE
EXCELLENT DEVELOPMENT/USER OPPORTUNITY
BROOKLYN, NEW YORK
East 70th Street
Lot Size:
Lot Square Footage:
100’ x 200’ irr 15,000 Square feet
Building Size: Basement: 64’ x 110’ irr = 5,612 1st Floor: 64’ x 110’ irr = 5,612
2nd Floor: 64’ x 110’ irr = 5,612
Stories: Two (2)
Gross Square Feet: 11,224 (Approximately)
Zoning: (FAR)
Total Buildable Square Feet:
R3-2 (0.5) and R3-1 (0.5) Height Limit 35’ 7,500
Total Available Air Rights: No Air Rights
Assessment:
Real Estate Taxes:
$166,148 (24/25)
$0.00 The property is tax exempt
Description: A 64’ wide two-story vacant corner single family mansion which is one of the largest residential properties in Brooklyn. The property is on a 15,000
square foot lot with 110’ of frontage on Avenue W.
The mansion has three bedrooms, a full bathroom, two kitchens, two half
bathrooms, living room, dining room and four car garage. The house has
20’ ceilings along with a full basement which has 9’ ceilings.
The property is a prime development opportunity, it can be subdivided
into five buildings with each building being a three family with a
driveway and garage. The developer would save on hard cost by not
taking the original building down, but converting it into five separate
buildings.
The property can also be developed it into an apartment building and the
units rented or sold as condos. The developer can also renovate the
building and rent it out as Airbnb or a summer home or to a family on a
monthly basis.
The property is also a great user opportunity, a user can renovate the
building to live in with their family. They can also rent out the four car
garage and front yard for parking.
Located in the Bergen Beach neighborhood, the area is a great place to raise a family. The area has fine restaurants, coffee shops and parks also most of the area is surrounded by single and two family homes. Kings Plaza is a few blocks away along with the Georgetown Shopping Center. The area is service by the B46, B41 and B3 bus which gives access to the 2, 5 and 3 trains.
ASKING PRICE: $3,000,000
====================================================
FIVE STORY 5-UNIT BROWN STONE BUILDING FOR SALE
EXCELLENT USER/INVESTMENT OPPORTUNITY
NEW YORK, NEW YORK
Location: near Third Avenues
Lot Size: 17' x 92'
Building Size:
Basement: ---17' x 60' = 1,020
First Floor: ---17' x 60' = 1,020
Second Floor:17' x 60' = 1,020
Third Floor: -_17' x 60' = 1,020
Fourth Floor:- 17' x 60' = 1,020
Fifth Floor:-----17' x 60' = 1,020
Stories: Five
Gross Square Feet: 5,100 appx
Zoning: R7A: (4.0) Height Limit 80’
Buildable Sq. Ft: 6,256
Air Rights: 1,156
Taxes: (24/25) $4,337.64
Description:
A 17’ wide 5-unit five story brownstone apartment building. The first floor is a one-bedroom floor-through garden apartment. Floors two through five each are one-bedroom floor through apartments. The hallways have nice tiled floors, great lighting, 10’ ceilings. The foyer has exposed brick, glass front entrance door. The property is individually metered for gas and electric, there is a gas boiler and water heater in the basement. All the units get great sunlight.
The property is a great user opportunity, a user can live in one of the units and use the others for rental income.
The building is also a great investment opportunity, since all the units are free market, they can always be rented at full market value. The air rights can be used to duplex the top floor, the garden unit can be duplexed with the basement to add value.
The property is close to the 6 train which gives easy access to Mid-town and the outer boroughs. Note: The owner bought the building from the first floor tenant, the deal is they do not pay rent.
ASKING PRICE: $2,500,000 CAP RATE: 5.4%
=================================
46’ WIDE TWO STORY RENOVATED SINGLE FAMILY BUILDING FOR SALE EXCELLENT USER OPPORTUNITY
DELIVERED VACANT
ROCKAWAY PARK, NEW YORK
Location: Newport Avenues
Lot Size: 60' x 100'
Building Size:
First Floor: ---46' x 28' irr = 1,275
Second Floor:46' x 28' irr = 1,275
Stories: Two
Gross Square Feet: 2,550
Zoning: (FAR) R2 (.75)
Buildable Sq. Ft: 4,500
Air Rights: 1,950
Taxes: (24/25) $8,742.16
Description:
A 40’ wide two-story renovated single family building. The property has five good size bedrooms, big enough for a king size bed. The building has three full bath rooms.
The first front entrance has 20’ ceilings with a beautiful chandelier. The right side has the living room, which has beautiful wood floors and gets great sunlight from the front windows. To the back is the full kitchen, which has stainless steel appliances, Viking stove and smart refrigerator and an island. Next to the kitchen is the dining room, which has a six seat glass table and a beautiful light fixture above.
To the back of the kitchen and dining room is a big living room, which has a glass door that leads to the outside patio deck. The patio deck has a stair case that leads to the back yard. The first floor has two big bedrooms and a full bathroom.
The second floor has three good size bedrooms. The first bedroom is the master bedroom, which has a full bathroom and an outside deck which has an ariel view of the first floor patio deck and backyard. The other two big bedrooms have 10’ ceilings with beautiful wood floors and windows on both sides. This floor has a public full bathroom.
The property has a beautiful front yard along with a driveway and car garage. The basement has two HVAC units and a gas water heater, the solar panels are on the roof. The property has one gas and electric meter.
The building has great views of Manhattan and easy access to the A train on Rockaway Park Beach 116th Street.
The property is a great user opportunity, a family can occupy the property each child can have their own bedroom and one of the bedrooms can be converted into a home office.
In a R2 zoning distract you can only build a single family detached home, with the 1,950 square feet of air rights the property can be made bigger.
ASKING PRICE: $1,800,000
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TWO STORY SINGLE FAMILY MANSION FOR SALE
EXCELLENT DEVELOPMENT/USER OPPORTUNITY
BROOKLYN, NEW YORK
Location: East 70th Street
Lot Size:
Lot Square Footage:
100’ x 200’ irr 15,000 Square feet
Building Size: Basement: 64’ x 110’ irr = 5,612 1st Floor: 64’ x 110’ irr = 5,612
2nd Floor: 64’ x 110’ irr = 5,612
Stories: Two (2)
Gross Square Feet: 11,224 (Approximately)
Zoning: (FAR)
Total Buildable Square Feet:
R3-2 (0.5) and R3-1 (0.5) Height Limit 35’ 7,500
Total Available Air Rights: No Air Rights
Assessment:
Real Estate Taxes:
$166,148 (24/25)
$0.00 The property is tax exempt
Description: A 64’ wide two-story vacant corner single family mansion which is one of the largest residential properties in Brooklyn. The property is on a 15,000
square foot lot with 110’ of frontage on Avenue W.
The mansion has three bedrooms, a full bathroom, two kitchens, two half
bathrooms, living room, dining room and four car garage. The house has
20’ ceilings along with a full basement which has 9’ ceilings.
The property is a prime development opportunity, it can be subdivided
into five buildings with each building being a three family with a
driveway and garage. The developer would save on hard cost by not
taking the original building down, but converting it into five separate
buildings.
The property can also be developed it into an apartment building and the
units rented or sold as condos. The developer can also renovate the
building and rent it out as Airbnb or a summer home or to a family on a
monthly basis.
The property is also a great user opportunity, a user can renovate the
building to live in with their family. They can also rent out the four car
garage and front yard for parking.
Located in the Bergen Beach neighborhood, the area is a great place to raise a family. The area has fine restaurants, coffee shops and parks also most of the area is surrounded by single and two family homes. Kings Plaza is a few blocks away along with the Georgetown Shopping Center. The area is service by the B46, B41 and B3 bus which gives access to the 2, 5 and 3 trains.
ASKING PRICE: $3,000,000
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THREE STORY MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
OPPORTUNITY ZONE
BROOKLYN, NEW YORK
Location: near Mother Gaston Blvd
Lot Size: 20’ x 50’
Building Size: 1st Floor: 20’ x 40’ = 800
2nd Floor: 20’ x 40’ = 800
3rd Floor: 20’ x 40’ = 800
Stories: Three (3)
Gross Square Feet: 2,400 (Approximately)
Zoning: (FAR) R6 (2.43) with a C1-3 Overlay (2.0)
Total Buildable Square Feet: Total Available Air Rights: Assessment:
Real Estate Taxes:
Residential: 2,430 30
$6,588 (24/25) $1,323.20
Description: A 20’ wide 2 unit three story mixed-use building. The property has a store on the ground floor that’s occupied and has access to the basement. The
store has been fully renovated. The second floor is a three-bedroom floor
through apartment. This unit has a full kitchen and full bathroom and a
eating/living area. The third floor is a four-bedroom floor-through
apartment, with a full kitchen & full bathroom and an eating/living area.
The property is three blocks from the L train station and one block from
Pitkin Avenue, which has fine restaurants and retail stores. Also located
off the corner of Mother Gaston Blvd which also has fine retail stores and
restaurants. The building is individually metered each units pays for their
own light and cooking gas.
The property is a prime investment opportunity because it allows an
investor to add value by updating the units and giving them their own
boilers and water heaters. There will be more demand for the units and the
store as more people from the city and more expensive neighborhoods in
Brooklyn come to rent in the area.
The building also makes a great user opportunity, a user can have a
business on the ground floor and live on the second floor and rent the third
floor for income.
Revenue:
Unit Description Unit Type Revenue LXP
Ground Floor: Store/Events Space
Commercial $2,750 7/22/26
Second Floor: # 1 3 Bedroom Apt Free Market $2,500 Mo-Mo
Third Floor: # 2 4 Bedroom Apt Free Market $3,500 1/27 Total Income: $6,800
Total Annual
Income:
Expenses:
Real Estate Taxes:
$1,323.20
$81,600
Water & Sewer: $2,500 Insurance: $2,400 Fuel (Gas): $3,000 Electricity: (common area’s) $1,200 Repairs & Maintenance: $1,500 Total Annual Expenses: $11,923.2
Net Operating Income: $69,676.8 CAP RATE: 5.1 %
ASKING PRICE: $1,350,000
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FOUR STORY RENOVATED MIXED-USE BUILDING FOR SALE
EXCELLENT USER/INVESTMENT OPPORTUNITY
NEW YORK, NEW YORK
Location: Lenox Avenue
Lot Size: 17' x 75'
Building Size:
Basement: ---17' x 75' = 1,275
First Floor: ---17' x 75' = 1,275
Second Floor:17' x 65' = 1,1105
Third Floor:---17' x 65' = 1,105
Fourth Floor: -17' x 65' = 1,105
Stories: Four
Gross Square Feet: 4,590 appx
Zoning: C4-4A: (4.0) R7A equivalent (4.0) Height Limit 80’
Buildable Sq. Ft: 5,100
Air Rights: 510 Sq. Ft
Taxes: (24/25) $20,981.60
Description:
A 17’ wide 1-unit four story mixed-use building. The first has a store, which is being used as an office. The space is built full and has access to the basement.
The second floor is a floor-through office, which has a kitchen, a half bathroom, a conference room and two office rooms. To the back is the balcony, which has great sunlight. This unit has 10’ ceilings.
The third and fourth floors is a two-bedroom, two bathroom duplex apartment. The unit has a big living room, with a dining area. The kitchen has top of the line appliances. The floors have 10’ ceilings each
The building is newly renovated and individually metered for gas and electric. There is a gas water heater and separate HVAC for heating and cooling to all the units.
The property is a great user opportunity, a user can have a business on the ground floor and use the second floor as an office. The third and fourth floor duplex apartment can be rented for income.
The building is also a great investment opportunity, an investor can always rent to store for top dollar since it’s a top location area.
The second floor can be built full to create a bigger commercial space. The unit can also be converted into a two bedroom apartment.
The duplex unit can be developed into a triplex unit because of the 510 square feet of air rights which can be added on top.
The property is one block from Whole Foods and west 125th Street which has great traffic. The 2 and 3 trains is on West 125th Street & Lenox Avenue.
ASKING PRICE: $4,500,000
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CORNER THREE STORY MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location: near Buffalo Avenues
Lot Size: 50' x 100'
Building Size:
Basement: 50' x 100' irr = 2,316 sq ft
1st Floor: _50' x 100' irr = 2,316 sq ft
2nd Floor:-50' x 100' irr = 2,316 sq ft
3rd Floor:-50' x 100' irr = 2,316 sq ft
Stories: Three Plus Full Basement
Gross Square Feet: 6,950 appx
Zoning: (FAR) R7D (4.2) with a C2-4 Overlay (2.0) Height Limit 100'
Total Buildable Sq. Ft: 21,000 (25,000 with City Of Yes Program)
Air Rights: 14,050
Taxes: (24/25) $11,089.40
An 50’ wide four-unit three story corner mixed use building. The first floor has four stores, the second floor has two, two-bedroom apartments and the third floor also has two, two-bedroom apartments. The units are all free market, they have a full kitchen and bathroom along with a eating/living area. The boiler and water heater is gas, the apartments are individually metered for gas and electric. The utilities and the meters 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 four stores on the ground floor and four free market units above the potential is tremendous. The stores do good because they get foot traffic from the A & C trains on Fulton & Utica Avenue. The apartments can get more income by renovating them. They will be in high demand because of the property’s proximity to transportation A & C trains and B46 bus. A bill board sign can be put up at the side of the building for more income.
The property is also a great development opportunity, a developer can build a 21,000 square foot building. This can be a ten story mixed-use building. The zoning allows commercial on the first and second floors and apartments above. The apartments can be rentals or condos. The City Of Yes program allows a 25,000 square foot building to be built. Please feel free to contact me for a full setup and tour. You can also click on this link for the setup/rent roll.
REDUCED ASKING PRICE: $3,750,000 CAP RATE 8.0%
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VACANT LOT FOR SALE
WITH APPROVE PLANS FOR A 6-UNIT FOUR STORY BUILDING
PRIME DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location near Avenue D
Lot Size: 20' x 100'
Building Size: Approve Plans
Basement:---------20' x 52' = 1,040 Needs To Be Built
First Floor: ---___20' x 52' = 1,040 Needs To Be Built
Second Floor:----20' x 52' = 1,040 Needs To Be Built
Third Floor:----__20' x 52' = 1,040 Needs To Be Built
Fourth Floor:-----20' x 52' = 1,040 Needs To Be Built
Zoning: (FAR) R6 (2.43) Height Limit 70’
Buildable Square Ft: 4,860
Assessment: $38,093 (23/24)
Taxes: $4,913.88
A 20’ wide vacant with approve plans for a 6-unit four story building. The foundation, basement and first floor is already built.
The upper floors need to be built.
The first floor will be a two-bedroom floor-through apartment. The two-bedrooms are located to the back of the unit. There will be a full bathroom along with a kitchenette, living/dining area.
The second floor will be a three-bedroom floor-through apartment. One bedroom will be located to the front and the other two located to the back. There will also be two full bathrooms and a living/dining area.
The third floor will have two one-bedroom apartments. They will be located to the front and back of the building. The units will have a full bathroom, a kitchenette and a living/dining area.
The fourth floor will have two one-bedroom apartments. They will be located to the front and back of the building. The units will have a full bathroom, a kitchenette and a living/dining area. Please contact me for approve plans.
The property is a prime development opportunity, because it’s being sold with approve plans. Since the foundation is done and the original building has been taken down the developer will be saving on hard costs.
The site is close to Rogers Avenue which has a lot of new developments. Nostrand Avenue has all the fine retail stores and restaurants. The property is four blocks from the 2 & 5 trains on Nostrand & NewKirk Avenues.
Net Operating Income: $179,186.12 CAP RATE: 22.7%
ASKING PRICE: $790,000
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TWO STORY MIXED-USE BUILDING
EXCELLENT INVESTMENT/USER OPPORTUNITY
BROOKLYN, NEW YORK
Location: Near Utica Avenue
Lot Size: 20' x 40'
Building Size:
Basement: ---20' x 36' irr = 760
First Floor: ---20' x 36' irr = 760
Second Floor:20' x 36' irr = 760
Stories: Two Plus Full Basement
Gross Square Feet: 1,520 appx
Zoning: R5 (1.25) with a C2-2 Overlay (1.0) Height Limit 40’
Taxes: (24/25) $5,015.24
Description:
A 20’ wide one-unit two story mixed-use building. The property has a store on the ground floor, the second floor is a two bedroom apartment.
The unit has a full kitchen and bathroom along with a living/dining area.
The property is individually metered for gas & electric. The meters are in the basement along with the gas boiler and water heater.
The property is a prime investment opportunity, the store can be rented at full market rent to a beauty salon, grocery store or for any retail use. The second floor can also be converted into commercial and rented as office space or any retail use. The two-bedroom apartment can easily be rented from $2,300 to $2,500. The unit can also be converted into a three-bedroom apartment to get more income. An investor can give each unit its own boiler and water heater.
The building is also a great user opportunity, a user can have a business on the ground floor and live in the two-bedroom apartment above.
The property is located on a nice residential block off Utica Avenue.
The B46 bus is one block away on Tilden & Utica Avenue. This gives easy access to Eastern Parkway which has the 2, 3, 4 & 5 trains.
ASKING PRICE: $1,150,000
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TWO STORY SINGLE FAMILY MANSION FOR SALE
EXCELLENT DEVELOPMENT/USER OPPORTUNITY
Location: East 70th Street
Lot Size:
Lot Square Footage:
100’ x 200’ irr 15,000 Square feet
Building Size: Basement: 64’ x 110’ irr = 5,612 1st Floor: 64’ x 110’ irr = 5,612
2nd Floor: 64’ x 110’ irr = 5,612
Stories: Two (2)
Gross Square Feet: 11,224 (Approximately)
Zoning: (FAR)
Total Buildable Square Feet:
R3-2 (0.5) and R3-1 (0.5) Height Limit 35’ 7,500
Total Available Air Rights: No Air Rights
Assessment:
Real Estate Taxes:
$166,148 (24/25)
$0.00 The property is tax exempt
Description: A 64’ wide two-story vacant corner single family mansion which is one of the largest residential properties in Brooklyn. The property is on a 16,000
square foot lot with 110’ of frontage on Avenue W.
The property is a prime development opportunity, it can be subdivided
into five buildings with each building being a three family with a
driveway and garage. The developer would save on hard cost by not
taking the original building down, but converting it into five separate
buildings.
The property can also be developed it into an apartment building and the
units rented or sold as condos. The developer can also renovate the
building and rent it out as Airbnb or a summer home or to a family on a
monthly basis.
The property is also a great user opportunity, a user can renovate the
building to live in with their family. They can also rent out the four car
garage and front yard for parking.
Located in the Bergen Beach neighborhood, the area is a great place to
raise a family. The area has fine restaurants, coffee shops and parks also
most of the area is surrounded by single and two family homes. Kings
Plaza is a few blocks away along with the Georgetown Shopping Center.
The area is service by the B46, B41 and B3 bus which gives access to the 2, 5 and 3 trains.
ASKING PRICE: $3,000,000
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VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location: near Avenue X
Lot Size: 28’ x 125’
Zoning: (FAR)
Lot Sq. Ft.
Total Buildable Square Feet:
Assessment:
Real Estate Taxes:
R7A (4) City of Yes Program FAR (5.0) with 45 year tax abatement. Height Limit 85’
3,472
13,888 sq. ft “as is” FAR (4). Community Facility same FAR (4). 17,360 sq. ft with City Of Yes FAR (5.0).
$80,513 (24/25)
$8,664.84
Description: A 28’ wide vacant lot which has 13,360 buildable square feet. The lot size makes the property a prime development opportunity. A
developer can build an eight story apartment or medical building which
are both in high demand in the area.
The zoning allows the first two floors to be community facility and the
upper floors residential, or whole building can be residential. A developer
can apply to build 17,360 square feet with the City Of Yes program.
The lot size allows two or three good size units to be built per floor. The
apartments can be luxury rentals or condos.
The property is located in prime Sheepshead Bay, which is three blocks
from the R train. This gives quick access to the Downtown Brooklyn and
Manhattan. The area has fine restaurants, retail stores and medical
facilities.
ASKING PRICE: $3,000,000
OR $216 PER BUILDABLE SQUARE FOOT
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VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location: near Whipple Street
Lot Size: 20’ x 78’
Zoning: (FAR)
Total Buildable Square Feet: Assessment:
Real Estate Taxes:
R6 (2.43) with a C2-3 Overlay (2.0) Height Limit 65’ 3,706
$104,850 (24/25)
$11,283.96
Description: A 20’ wide vacant lot which has 3,706 buildable square feet. The lot size makes the property a prime development opportunity. A
developer can build a four to six story apartment or mixed-use building.
The zoning allows the first two floors to be commercial and the upper
floors residential, or whole building can be residential. The property also
has a curb cut.
Floor-through units would be perfect for this size lot as well as duplex
units. The property is located in prime Williamsburg, is three blocks from
the M and J trains. This gives quick access to the City and Queens.
Broadway has fine restaurants, retail stores and super markets.
two blocks from the J & Z trains on Fulton Street & Van Siclen venue.
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: $1,500,000
OR $404 PER BUILDABLE SQUARE FOOT
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THREE STORY TWO UNIT APARTMENT BUILDING FOR SALE EXCELLENT DEVELOPMENT/USER OPPORTUNITY
BROOKLYN, NEW YORK
Location: near Jerome Street
Lot Size: 25’ x 79’
Building Size: Basement: 25’ x 79’ = 1,975 sq. ft. Ground Floor: 25’ x 79’ = 1,975 sq. ft.
2nd Floor: 25’ x 50’ = 1,250 sq. ft.
3rd Floor: 25’ x 50’ = 1,250 sq. ft.
Stories:
Three (3) Plus Basement
Gross Square Feet: 4,475 (Approximately) Above Grade
Zoning: (FAR)
Total Buildable Sq. Ft: Total Available Air Rights: Assessment:
Real Estate Taxes:
R8A (6.02) with a C2-4 Overlay (2.0) Height Limit 120’ 11,889
7,414
$39,226 (24/25)
$7,878.56
Description: A 25’ wide 2-unit three-story corner mixed-use building. The property has a store on the ground floor. The second floor is a vacant
two-bedroom floor-through apartment. The third floor is also a two
bedroom floor-through apartment. The store is owner occupied and
the upper floors are vacant. The building is delivered vacant.
The property is a prime development opportunity, the zoning
allows an 11,889 square foot building to be built. The first floor can
be a store, and the apartments can be above.
The building also makes a great user opportunity; a user can occupy
the store and rent out the second and third floors for income.
The property has great commercial and residential exposure on a
wide street. The building is four blocks away from Broadway
Junction which gives access to the A, C, J and L trains.
ASKING PRICE: $4,250,000
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THREE STORY APARTMENT BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
BROOKLYN, NEW YORK
Location: near and Snyder Avenues
Lot Size: 40’ x 100’
Building Size: Basement: 24’ x 78’ = 1,872 sq. ft. 1st Floor: 24’ x 78’ = 1,872 sq. ft.
2nd Floor: 24’ x 78’ = 1,872 sq. ft. ft.
3rd Floor: 24’ x 78’ = 1,872 sq. ft. ft.
Stories: Three (3) Plus Basement
Gross Square Feet: 5,616 (Approximately) Above Grade
Zoning: (FAR)
Total Buildable Sq. Ft: Total Available Air Rights: Assessment:
Real Estate Taxes:
Description:
R5: (1.25) Height Limit 40’
5,000
0
$179,460 (24/25)
$22,432.52
A 24’ 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 one-bedroom apartment, all the other units are two-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 gas boiler, water heater.
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 Church 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. The 35 Bus runs along Church Avenue, to Nostrand
Avenue. 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
1- Bedroom Apt Rent Stabilized 2- Bedroom Apt Rent Stabilized
2- Bedroom Apt Rent Stabilized 2- Bedroom Apt Rent Stabilized
$1,550 $1,480
$2,049 $2,100
Third Floor: 3F 2- Bedroom Apt Rent Stabilized $1,402 3R 2- Bedroom Apt Rent Stabilized $1,650
Projected
Parking Inc.
Monthly Inc:
Annual Inc:
Expenses:
Real Estate Taxes: $22,432.52 Water & Sewer: $7,900.00 Insurance: $5,500.00 Heat (Gas): $6,775.00 Electric: (common areas) $1,000.00
$500
$10,731
$128,772
Repairs & Maintenance: Total Annual Expenses
$2,350.00 $45,957.52
Net Operating Income: $82,814.48 CAP RATE: 6.5%
ASKING PRICE: $1,260,000
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