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
contact if interested: usapropertysale@gmail.com
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
contact if interested: usapropertysale@gmail.com
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
contact if interested: usapropertysale@gmail.com
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