ID: 2783
NEWLY BUILT SIX STORY ELEVATORED APARTMENT BUILDING FOR SALE
EXCELLENT INVESTMENT OPPORTUNITY
between N Henry Street and Humboldt Street
Lot Size:
Building Size:
Stories:
Gross Square footage:
50’ x 63’ irr
Basement: 50’ x 63’ irr = 2,200 sq. ft. First Floor: 50’ x 36’ irr = 1,614 sq. ft Second Floor: 50’ x 36’ irr = 1,614 sq. ft Third Floor: 50’ x 36’ irr = 1,614 sq. ft Fourth Floor: 50’ x 36’ irr = 1,614 sq. ft Fifth Floor: 50’ x 36’ irr = 1,614 sq. ft Sixth Floor: 50’ x 36’ irr = 1,614 sq. ft Six (6) Plus Basement
9,684 (Approx)
Zoning/FAR: R6 (2.43) Height Of New Building 55’
Available Air Rights: No Air Rights
Assess: (23/24) $852,627.00
Taxes: $85,878.76
Description:
A 50’ wide ten-unit six story elevatored apartment building. Floors one through four have two apartments per floor. The fifth floor is a three-bedroom floor-through apartment. The sixth floor has a two-bedroom floor-through apartments. The first floors has two studio units have outdoor space. The upper apartments have a balcony’s at the back. All the floors have 10’ ceilings and get great sunlight.
All the apartments have nice wood floors, beautiful layouts with a living room/dining room. A full kitchen with granite counter tops and stainless steel appliances. There is also a beautifully tiled full bathroom. The property is individually metered for gas and electric. The units each has a water heater and a central HVAC unit in the apartment along with a laundry hook up.
The property is fully sprinklered, all the meters are in the basement along with super space. The basement has ten spaces for storage, the hallways each has a storage room. There is roof access and great views of the city.
The property had a tax abatement which expired. In nine years the property will be off rent stabilization. We have a settlement agreement with HPD, they can’t raise taxes over 30%. The DHCR is from 2010 till present.
The building is a great investment opportunity with future upside potential. Being that it’s a new building and close to the city there will always be a strong demand for the apartments. The area has nice restaurants and retail stores also close to the L train, the B24 and Q32 bus.
Income:
Unit Description Unit Type Revenue Projected First Floor: 1A Studio Rent Stabilized $3,141.60 $3,250 1B Studio Rent Stabilized $2,892.75 $3,250
Second Floor: 2A 1-Bedroom Apt Rent Stabilized $2,650.73 $3,000 2B Studio Rent Stabilized $2,128.61 $2,650
Third Floor: 3A 1-Bedroom Apt Rent Stabilized $3,000.00 $3,150 3B Studio Rent Stabilized $2,563.88 $2,650
Fourth Floor: 4A 1-Bedroom Apt Rent Stabilized $1,742.50 $3,500 4B Studio Rent Stabilized $3,034.50 $3,200
Fifth Floor: 5A 3-Bedroom Apt Rent Stabilized $2,835.00 $3,750
Sixth Floor: 6A 2-Bedroom Apt Rent Stabilized $3,557.50 $3,650 Total Monthly Income: $27,547.07 $32,050.0 Total Annual Income: $330,564.84 $384,600.0
Expenses:
Real Estate Taxes: $85,878.76
Water & Sewer: $5,000
Insurance: $4,000
Heat (gas): $4,500
Electric: (common areas) $2,200
Repairs & Maintenance: Super:
Total Annual Expenses:
$1,800 $2,300 $105,678.76
Net Operating Income: $278,921.24 CAP RATE: 6.6%
ASKING PRICE: $4,250,000
==================
THREE STORY APARTMENT BUILDING FOR SALE
EXCELLENT USER/INVESTMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location:between Buffalo and Ralph Avenues
Lot Size: 25’ x 128’ irr
Building Size: Basement: 25’ x 86’ irr = 1,860 sq. ft. Ground Floor: 25’ x 86’ irr = 1,860 sq. ft.
2nd Floor: 25’ x 86’ irr = 1,860 sq. ft.
3rd Floor: 25’ x 86’ irr = 1,860 sq. ft.
Stories: Three (3) Plus Basement
Gross Square Feet: 5,580 (Approximately) Above Grade
Zoning: (FAR)
Total Buildable Sq. Ft: Total Available Air Rights: Assessment:
Real Estate Taxes:
Description:
R6: (2.43)
8,080
2,500
$42,624 (23/24)
$8,561.04
A 25’ wide 6-unit three story apartment building. The units are mostly three-bedroom apartments with a living/ dining area a full kitchen and full bathroom. The units are all rent stabilized with upside potential. The apartments are individually metered for cooking gas and electric. All the meters are in the basement. The units have electric baseboard heating with new thermostats. The property was gut renovated in 2016. The units are located to the front and back of the building.
The property is a prime investment opportunity because it’s renovated the investor is buying a property that’s turnkey and does not have to worry about hard costs. The tenants pay for their own heating and gas for cooking.
When the first floor becomes vacant it can be duplexed with the basement to create a duplex garden apartment. There’s also the potential to convert the second and third floors into floor-through apartments to be removed from rent stabilization. When the property becomes fully vacant with the 2,500 square feet of air rights it can be developed into an elevatored apartment building.
The property is also a great user opportunity, a user can create a floor-through duplex apartment with the first floor and basement. The upper floors can be rented for income.
The property is located in an area that’s under a lot of development,
new condo and rental buildings are being built in the area. The 2 and
3 trains are on Utica Avenue & Eastern Parkway. This gives easy
access to the City and downtown Brooklyn. The Avenues like,
Buffalo, Raplh and Utica Avenue have nice retail stores and
restaurants. Kings County Hospital is a few blocks away via B46
Bus. All these factors makes the property a prime investment and
user opportunity.
Revenue:
Unit Description Unit Type Revenue LXP
Ground Floor: 1F 1B
2- Bedroom Apt Rent Stabilized 3- Bedroom Apt Rent Stabilized
$2,310.00
$2,344.65 8/31/24
Second Floor: 2F 2B
3- Bedroom Apt Rent Stabilized 3- Bedroom Apt Rent Stabilized
$2,205.00 $2,336.25
7/31/24 9/30/24
Third Floor: 3F 3- Bedroom Apt Rent Stabilized $1,995.00 5/31/24 3B 3- Bedroom Apt Rent Stabilized $2,205.00 8/31/24
Monthly Inc:
Annual Inc:
Expenses:
Real Estate Taxes: $8,561.04 Water & Sewer: $458.00 Insurance: $3,500.00 Heat (Gas): Paid By Tenant $0.00 Electric: (common areas) $1,869.00
$13,395.90
$160,750.80
Repairs & Maintenance: Super:
Total Annual Expenses
$3,000.00 $3,000.00 $20,388.04
Net Operating Income: $140,362.76 CAP RATE: 5.8%
ASKING PRICE: $2,400,000
==============
TWO STORY TWO FAMILY RENOVATED BUILDING FOR SALE
EXCELLENT USER/INVESTMENT OPPORTUNITY
OPPORTUNITY ZONE
BROOKLYN, NEW YORK
Location:
between Dumont and Hegeman Avenues
Lot Size:
22’ x 100’
Building Size:
Basement: 16’ x 38’ = 608
1st Floor: 18’ x 52’ = 936
2nd Floor: 18’ x 44’ = 792
Stories:
Two (2)
Gross Square Feet:
1,728 (Approximately) Above Grade
Zoning: (FAR)
Total Buildable Square Feet:
R5 (1.25)
2,750 Height Limit 40’
Total Available Air Rights:
1,022
Assessment:
Real Estate Taxes:
$22,415 (23/24)
$4,502.08
Description:
An 18’ wide 2-unit two-story building. The property has a three-bedroom garden apartment on the first floor. To the front is a wide bedroom, the living room/dining area is to the middle of the unit. There is a bedroom to the right side and a full bathroom to the left side. The back has a master bedroom which has access to the deck and backyard. There is a side staircase which leads to the basement.
The second floor is also a three-bedroom apartment. To the front is a wide bedroom, the living room/dining area is to the middle of the unit. There is a bedroom to the right side and a full bathroom to the left side. The back has a master bedroom, which has a view of the back yard.
There is a full basement which is open and column free. There is access to it from inside the first floor apartment and back of the building. The space has side windows and a full bathroom along with a utility room which has the two gas boilers and two water heaters. The basement has 7’ ceilings and can be duplexed with the basement.
The units have been completely renovated with nice wood floors, nicely tiled kitchen and bathrooms. The hallways and stairs is beautiful and in great condition.
The property is a prime user opportunity. A user can occupy the first floor, which would give them personal access to the basement and backyard. The can convert the basement into a home office or a gym. They can also add small kitchenette to the basement and a laundry area.
The building is also a prime investment opportunity, since each apartment has it’s own boiler and water heater, the tenants can pay their own heating. The property has one electric meter, the investor can add value by giving each unit it’s own electric meter.
There is easy access to the property via the A train to Euclid Avenue. The 2, 3, and 4 trains is on New Lots Avenue. These trains are within walking distance to the property and give easy access to Manhattan.
Income:
Unit Description Unit Type Rev Projected
First Floor: 1 3 Bd Apt Free Market $850 $3,300 In court
Second Floor: 2 3 Bd Apt Free Market $2,500 $3,000
Projected Monthly Income: $3,350 $6,300
Projected Annual Income: $40,200 $75,600
Expenses:
Real Estate Taxes:
$4,502.08
Water & Sewer:
$1,800.00
Insurance:
$2,300.00
Heat (Gas):
$3,000.00
Electric: (common areas)
$2,760.00
Repairs & Maintenance:
Total Annual Expenses
$2,500.00
$16,862.08
Net Operating Income: $58,737.92 CAP RATE: 6.3%
ASKING PRICE: $935,000
======
The property is a three story three unit brick building. The first floor is an owner occupied three-bedroom two-bathroom garden apartment. This unit is delivered vacant. The second floor is a one-bedroom floor-through apartment. This unit is rented on a month to month basis. The third floor is a vacant two-bedroom apartment in need of renovation.
The building has many possibilities to add value. The investor can give each unit it's own boiler and water heater. The driveway can be rented to park a car. The driveway can be converted into a store buy using the 1,150 square feet of air rights. This would also
create a front outdoor space for the second floor.
The property has a unique residential exposure on Street and faces Fulton Street which has all the fine retail stores and is one block from the A & C trains on Fulton
NEWLY BUILT THREE STORY THREE UNIT BUILDING
EXCELLENT USER/INVESTMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location: Between Saratoga and Howard Ave
Lot Size: 23' x 100'
Building Size:
Basement: ---23' x 50' = 1,150
First Floor: ---23' x 50' = 1,150
Second Floor:23' x 50'= 1,150
Third Floor:---23' x 50'= 1,150
Stories: Three Plus Full Basement
Gross Square Feet: 3,450 appx
Zoning: (FAR) R6B (2.0) with a C2-4 Overlay (2.0) Height Limit 50’
Buildable Sq. Ft: 4,600
Air Rights: 1,150 Sq. Ft
Taxes: (23/24) $10,162.24
Description:
A 23’ wide three-unit three story brick building. The property has a three- bedroom, two bathroom garden apartment on the ground floor. The second floor is a one-bedroom, one bathroom floor-through apartment. The third floor is a vacant two-bedroom, one-bathroom apartment in need of renovation. The building is individually metered for electric, but has one gas meter. The owner pays to heat the building, along with the hot water heater and gas for the cooking stoves.
The first and second floor units are renovated with nice wood floors, granite counter tops and stainless steel appliances. The third floor apartments needs renovation. The units get great sunlight from the front and back of the building.
The building is a great user opportunity, a user can live on the ground floor apartment and rent out the upper two floors. There is also a curb cut a user can park their car in the front yard.
The property is a prime investment opportunity, they can convert the first floor to a store, and rent out the upper two floors for income. Give each unit it’s own boiler and water heater. Also rent out the front yard for parking.
The property is located on a street that has great residential and commercial exposure. The block has mostly two and three family homes, across the street is Fulton street which has all the retail stores and close to the A & C trains on Ralph Avenue & Fulton Street.
ASKING PRICE: $1,500,000
==============
NEW YORK OFF MARKET BROOKLYN
THREE STORY MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/USER/DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location: between Graham and Manhattan Avenues
Lot Size: 20' x 100'
Building Size:
Basement: ---20' x 70' = 1,400
First Floor: ---20' x 85' = 1,700
Second Floor:20' x 70'= 1,400
Third Floor:--- 20' x 70'= 1,400
Stories: Three Plus Full Basement
Gross Square Feet: 4,500 appx
Zoning: (FAR) C4-4A: (4.0) R7A Equivalent (4.0) Height Limit 210’
Buildable Sq. Ft: 8,000
Air Rights: 3,500 Sq. Ft
Taxes: (22/23) $6,931.08
Description:
A 20’ wide 2-unit three-story mixed-use building. The property has a store on the ground floor, which is vacant. This floor has access to the basement and back yard. The second floor is a two-bedroom floor-through apartment. The third floor is also a two-bedroom floor-through apartment. The units have a full kitchen and bathroom along with a living/dining area. The property is individually metered for electric and gas.
The property is a great investment opportunity, an investor can make the apartments nicer and give each unit their own boiler and water heater. There is extra space to add a third bedroom. There will be a lot of demand for the store and apartments since the property is two blocks from the L train station.
The building makes a great user opportunity, they can have their business on the first floor, live on the second floor and rent out the third floor for income.
The property is prime development opportunity, a developer can renovate the units and rent them at full market value. The air rights can be used to add two more floors. The top floor can also be developed into a duplex apartment.
Williamsburg is under a lot of development with new buildings and retail stores being developed. There is easy access to the city via the G train on Union Avenue and L train on Grand Street & Bushwick Avenue.
Net Operating Income: $163,218.92 CAP RATE: 6.8%
ASKING PRICE: $2,900,000 reduced 2,395,000
===========
THREE STORY CORNER MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/DEVELOPMENT/USER OPPORTUNITY
OPPORTUNITY ZONE
BROOKLYN, NEW YORK
Location: near Van Siclen Avenues.
Lot Size: 25' x 100'
Building Size:
Basement: ---25' x 100' = 2,500
First Floor: ---25' x 100' = 2,500
Second Floor:25' x 45' = 1,125 25' x 30' = 750
Stories: Two
Gross Square Feet: 4,375 appx
Zoning: (FAR) M1-4/R6A, 2.0/3.0 Height Limit 70’
Buildable Sq. Ft: 7,500
Air Rights:3,125 Sq. Ft
Taxes: (22/23) $25,132.04
Description:
A 25’ wide two unit, two story corner mixed-use building. The first floor is a funeral home, which is built full. The second floor front unit is a two-bedroom apartment. The back unit is a one-bedroom apartment.
The property is a prime development opportunity. A developer can build a seven story mixed-use building. The ground floor can be a store and above would be six floor through two-bedroom apartments. The units would get great sunlight, would have full kitchen and bathroom along with living and dining area. They would also be individually metered which their own heating and cooling systems. The apartments can be luxury rentals or condos.
An investor can renovate the two free market apartments and charge market rents for them. They can rent the commercial space to a grocery store, beauty salon or laundry mate. A user can have a business on the ground floor and combine the two units above to create a three bedroom apartment.
The building is located in an area that’s under a lot of development and is one block from the J and Z trains on Fulton Street and Van Siclen Avenue..
ASKING PRICE: $2,350,000 reduced 1,850,000
https://www.nyc.gov/site/planning/plans/east-new-york/east-new-york-1.page
=======================
FOUR STORY RENOVATED CORNER BUILDING
FOR SALE
PRIME USER/INVESTMENT
NEW YORK, NEW YORK
Location: near West 158th Streets
Lot Size: 17' x 48' irr
Building Size:
First Floor:------14' x 41' = 574
Second Floor: -14' x 41' = 574
Third Floor:-__ 14' x 41' = 574
Fourth Floor:----14' x 41' = 574--
Stories: Four (4)
Gross Square Feet: 2,300 approximately
Zoning: (FAR) R7-2: (3.44) Height Limit 80’
Assessment: (22/23) $46,393
Taxes: (22/23) $9,318.04
A four-story two-unit limestone building. The ground floor and second floor is a duplex two-bedroom and two-bathroom apartment. The unit has a living/dining area a kitchen and additional den/office space. The ground floor has access to the back yard. The third and fourth floor is also a duplex two-bedroom and two-bathroom apartment. The unit has a living/dining area a kitchen and additional den/office space. This unit has a skylight above stairway.
The property has been renovated with new electrical & plumbing, bay side-windows, hardwood floors, stainless steel appliances, washer & dryer. Expose brick fireplaces, 12’ ceiling in living/dining area. The units are individually metered for electric and gas.
The ground floor and second floor duplex is rented for $3,750 per month the lease expires in 6/1/24. The third and fourth floor duplex unit is rented for $3,750 per month; their lease expires in 6/1/24.
The property is located in Washington Heights, which is under a lot of development. The property is located two blocks from the B & C trains and is in walking distance to the neighborhoods many restaurants & bakeries. Columbia University is a few minutes away via the 1 train.
The property is also a great user opportunity; a user can convert the building into a single family home or build a triplex and use one unit for rental income. An investor/developer can convert the building into a four-unit investment property.
ASKING PRICE: $2,000,000
================
FOUR STORY BUILDING
FOR SALE
PRIME INVESTMENT/USER OPPORTUNITY
NEW YORK, NEW YORK
Location: between West 157th and West 158th Street
Lot Size: 17' x 57'
Building Size:
First Floor:------17' x 41' = 697
Second Floor: -17' x 41' = 697
Third Floor:-__ 17' x 41' = 697
Fourth Floor:----17' x 41' = 697--
Stories: Four (4)
Gross Square Feet: 2,788 approximately
Zoning: (FAR) R7-2: (3.44) Height Limit 80’
Buildable Square Feet: 3,333
Available Air Rights: 545
Assessment: (22/23) $28,183
Taxes: (22/23) $3,523.44
A four-story five unit building. The first floor is a one-bedroom floor-through apartment which has access to the backyard. The second floor is a loft two-bedroom apartment, with a living room, kitchen and full bathroom. The third floor has two studio apartments. The fourth floor is a duplex two-bedroom apartment This unit has a bedroom, master bathroom and walk in closet. This floor has access to the attic.
The first floor/ground floor is vacant, the second floor tenant is paying $1,500 per month and on a month to month basis. The third floor has two studio apartments paying $900 each. The top floor is paying $2,100 per month.
The property is a prime investment opportunity, an investor can convert the building into four floor-through units and give each apartment their own boiler and water heater.
The property is also a great user opportunity; a user can convert the building into a single family home or build a triplex and use one unit for rental income.
Net Operating Income: $103,276.56 CAP RATE: 6.8%
ASKING PRICE: $1,500,000
==================
FOUR STORY COMMERCIAL BUILDING FOR SALE
PRIME DEVELOPMENT OPPORTUNITY
SOLD WITH APPROVE PLANS FOR 30 UNIT BUILDING & 421A TAX ABATEMENT
BROOKLYN, NEW YORK
Location: between Bedford Avenue and Arlington Place
Lot Size:60’ x 100’ irr
Lot Square Footage: 5,457
Zoning: (FAR) C4-5D (4.2) Equivalent R7D (4.2) Height Limit 135’
Total Buildable Square Feet: 30,585
Real Estate Taxes: $63,884.76 421 Tax Abatement For 35 Years.
Description:
A 60’ x 100’ development site which is being sold with approved plans that will be a 60’ wide 30 unit eight story luxury elevatored mixed-use building. The property will have a store on the first floor which will be duplexed with the basement. The first floor will also have a two-bedroom apartment, a one- bedroom apartment and a parking garage. The upper floors will each have four units per floor, two of the apartments will face the front of the building and the other two will face the back. The units will be two, two-bedroom apartments and two, one-bedroom apartments per floor.
The two-bedroom apartments will have two full bathrooms, a full kitchen along with a living/dining area. The one-bedroom apartments will have a full kitchen, a full bathroom along with a living/dining area. The basement has storage space, the sprinkler room, electric and gas room along with a gym. The building also has a top roof deck.
The property is on a block with lots of foot traffic and fine retail stores and restaurants. The A & C train is one block away on Nostrand & Fulton also Nostrand & Franklin Avenue. The site is within 5 to 10 minutes from the Barclays Center and Atlantic Terminal Mall via train. Also within 20 minutes to the city. There is a strong demand for new apartments in the area with amenities and close to public transportation.
ASKING PRICE: $7,775,000.00 $254 PER BUILDABLE SQUARE FEET
===============
VACANT LOT FOR SALE
PRIME DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location between 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)
Assessment:$2,794 (22/23)
Real Estate Taxes:$567.44
Description:
A 20’ wide vacant lot on a nice residential block that close to fine retail stores and restaurants on Eastern Parkway and Utica Avenue. The property has easy access to the 2, 3 and 4 trains within 15 minutes the tenants or new owner of the property can be in Manhattan and within 10 minutes in downtown Brooklyn. The B46 bus runs along Utica Avenue and goes into the neighborhood of East Flatbush and to Kings Plaza.
The lot is located on a nice residential block, the zoning allows for a residential building to be built. The new property can be a single, a two or three family building. The property can have a front yard for plants and flowers or for on-site parking. There’s an attic allowance of up to 20% for inclusion of space under the pitched roof. The basement can be duplexed with the first floor to get more square footage. The attic space would give an extra 540 square feet, plus the basement can be built full for 2,000 square feet below grade. That would be 2,540 square feet, plus the 2,700 square feet buildable. The property would be a total of 5,240 square feet basement included.
The property is located in an area that under a lot of development. When the units are built there will be a lot of demand for them from young professionals and artists from the city and the local neighborhood. They love the fact that Crown Heights via train is not far from the city and is close to Bedford Stuyvesant and Williamsburg where prices for units are less than Manhattan. All these factors makes this a prime development opportunity that a developer will enjoy developing.
ASKING PRICE: $2,000,000 reduced 1,750,000
===============
PRIME INVESTMENT/USER OPPORTUNITY
FOR SALE
BROOKLYN, NEW YORK
Location: Decatur Street and Howard Avenue
Lot Size: 20' x 100'
Building Size:
Basement: ---20' x 60' = 1,200
First Floor: ---20' x 60' = 1,200
Second Floor:20' x 60'= 1,200
Third Floor:----20' x 60'= 1,200
Stories: Three Plus Full Basement
Gross Square Feet: 3,600 appx
Zoning: (FAR) R5B (1.35)
Buildable Sq. Ft: 2,700
Air Rights: No Air Rights
Taxes: (22/23) $6,247.
Description:
A 20’ wide two unit three story corner mixed-use building. The property has two stores on the first floor and two four-bedroom apartments above. There is a four car garage to the back.
The units have nice wood floors all the bedrooms have good size closets and get great sunlight. The units has 10’ ceilings and all the electric and plumbing has been updated. The kitchens have stainless steel appliances and granite counter tops. The full bathroom have modern tubs and toilets and are nicely tiled. The units also have a washer & dryer.
The property is a prime investment opportunity, an investor can add value by renting out the garages or convert them to stores. The second floor unit can use the roof of the garages as outdoor space.
The property is also a great user opportunity, a user can use the corner stores for their business and live in the second floor unit. The third floor apartment can be rented for income, along with the garages.
The property has great residential exposure on Decatur Street Avenue and commercial exposure on Howard Avenue. The J train is located four blocks away on Chauncey Street & Broadway.
ASKING PRICE: $2,500,000.00 Cap Rate 6.2%
============
THREE STORY BUILDING FOR SALE
WITH APPROVE PLANS FOR A SIX STORY CONDO MIXED-USE BUILDING EXCELLENT DEVELOPMENT/USER OPPORTUNITY
NEW YORK, NEW YORK
no 421a
between Jefferson and Clinton Streets.
Lot Size: 24’ x 87’
Building Size: Approve Plans Ground Floor: 24’ x 77’ = 1,848 Built
Second Floor: 24’ x 58’ = 1,392 Built
Third Floor: 24’ x 58’ = 1,392 Built
Fourth Floor: 24’ x 58’ = 1,392 Needs to be built
Fifth Floor: 24’ x 58’ = 1,392 Needs to be built
Sixth Floor: 24’ x 58’ = 1,392 Needs to be built
Stories: Three (3)
Gross Square Feet: Existing Square Feet:
8,808 Approve Square Feet 4,872
Zoning: (FAR) R7-2 (3.44) with a C1-5 Overlay (2.0) FLOOR TO AREA CALCULATIONS
Current Maximum Buildable: (3.44 FAR) w/Community Facility Bonus: (6.5 FAR) Assessment:
Real Estate Taxes:
7,182 Buildable Square Feet 13,650 Buildable Square Feet $229,950 (22/23)
$28,208.00
Description: A 24’ wide three story mixed-use building with approve plans for a six story 10 unit condo mixed-use building. The first floor is
community facility space. Floors two through six each have two
units per floor; they are all one-bedroom apartments. The six
floor will also have a mezzanine space. This is a prime
development opportunity because the project is half-complete.
The foundation and basement is built, all the plans, permits comes
along with the property. The developer is saving time and money
with this development opportunity.
The zoning allows a building with two floors of commercial and
the upper floors can be residential. The property can also be a
fully residential building. The site is also a great user opportunity;
a user can covert the ground floor into parking space since the
property has a curb cut. They can have an office on the second
floor, live on the third & fourth floors and rent out the other two
floors. Please email me for the approve plans.
Potential for 421-a tax exemption. The foundation was done before the laws change. To save on construction cost a developer can add another floor and take out the elevator. This would create more space for the apartments. The developer can also leave it as a three story building and finish the construction of it.
ASKING PRICE: $3,300,000
OR $459 PER BUILDABLE SQUARE FOOT
=========================
SIX STORY RENOVATED MIXED USE BUILDING FOR SALE
EXCELLENT INVESTMENT OPPORTUNITY
OPPORTUNITY ZONE
NEW YORK, NEW YORK
Location: between Rivington and Stanton Streets
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:
$1,595,250 (21/22) $195,178.84
Description: A 50’ wide 21 unit six (6) story renovated mixed- use building. The building has three 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 $4,000.00 Vacant
Store 3 Apt 1
Grocery Store
2 Bedroom with yard
Commercial Rent Stabilized
$4,400.00 $912.43
3/31/24 8/31/22
Second Floor: Apt 2 One Bedroom Rent Stabilized $906.83 10/31/22
Apt 3 Apt 4 Apt 5
One Bedroom Two Bedroom Two Bedroom
Free Market Free Market Free Market
$2,900 $3,000 $3,200
8/31/22 6/30/22 2/28/23
Third Floor: Apt 6 One Bedroom Free Market $2,800 10/31/22
Apt 7 Apt 8 Apt 9
One Bedroom Two Bedroom One Bedroom
Free Market Free Market Free Market
$3,200 $3,300 $3,000
4/30/23 6/30/22 6/30/22
Fourth Floor: Apt 10 Two Bedroom Free Market $2,600 2/28/23
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
$3,000
$3,300
$3,400
$2,300
$3,350 $3,000
$3,100
$2,600
$1,003.05 $2,950 $4,400
6/30/22 7/31/22 3/31/23
4/30/23 4/30/23 4/30/23 4/30/23
2/28/23 1/31/23 4/30/23 4/30/22
Laundry $240 Cell Tower $1,123.90
Total Monthly Income: $67,986.21 Annual Water Reimbursement: $3,856.00 Total Annual Income: $819,690.52
Note: Laundry lease expires in 6/30/22 Cell tower lease expires in 3/31/29 Expenses:
Real Estate Taxes: $195,178.84
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
$16,393.810
$264,872.65
Net Operating Income: $554,817.87
ASKING PRICE: $12,950,000 CAP RATE: 4.3%
================
PRIME INVESTMENT/USER OPPORTUNITY
BROOKLYN, NEW YORK
Location: Decatur Street and Howard Avenue
Lot Size: 20' x 100'
Building Size:
Basement: ---20' x 60' = 1,200
First Floor: ---20' x 60' = 1,200
Second Floor:20' x 60'= 1,200
Third Floor:----20' x 60'= 1,200
Stories: Three Plus Full Basement
Gross Square Feet: 3,600 appx
Zoning: (FAR) R5B (1.35)
Buildable Sq. Ft: 2,700
Air Rights: No Air Rights
Taxes: (22/23) $6,247.
Description:
A 20’ wide two unit three story corner mixed-use building. The property has two stores on the first floor and two four-bedroom apartments above. There is a four car garage to the back.
The units have nice wood floors all the bedrooms have good size closets and get great sunlight. The units has 10’ ceilings and all the electric and plumbing has been updated. The kitchens have stainless steel appliances and granite counter tops. The full bathroom have modern tubs and toilets and are nicely tiled. The units also have a washer & dryer.
The property is a prime investment opportunity, an investor can add value by renting out the garages or convert them to stores. The second floor unit can use the roof of the garages as outdoor space.
The property is also a great user opportunity, a user can use the corner stores for their business and live in the second floor unit. The third floor apartment can be rented for income, along with the garages.
The property has great residential exposure on Decatur Street Avenue and commercial exposure on Howard Avenue. The J train is located four blocks away on Chauncey Street & Broadway.
ASKING PRICE: $2,500,000.00 Cap Rate 6.2%
==============
VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
THE AREA HAS BEEN UPZONED
BROOKLYN, NEW YORK
Location: Between Pitkin and Belmont Avenues
Lot Size: 45’ x 90’ (20’ x 90’ 25’ x 90’ Each) 4,050 Square feet
Zoning: (FAR) R7A (4.0) with a C2-4 Overlay (2.0) Height Limit 80’
Buildable Sq. Ft: 16,200
Taxes: (22/23) $15,416.48
Description:
A 45’ wide vacant lot which has 16,200 buildable square feet. The lot size makes the property a prime development opportunity. A developer can build an eight story apartment building, with two units per floor or one unit per floor. The zoning allows commercial on the first and second floors and apartments above or 100% residential.
The property is located two blocks from the A and C trains on Shepherd Avenue. This gives quick access to Downtown Brooklyn and the Manhattan. The lot size and the the up zoning of the area make the property a prime development opportunity.
ASKING PRICE: $2,025,000
OR $125 PER BUILDABLE SQUARE FOOT
================
25’ WIDE VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
OPPORTUNITY ZONE
BROOKLYN, NEW YORK
Location: Between Atlantic and Liberty Avenues
Lot Size: 25’ x 100’ 2,500 Square Feet
Zoning: (FAR) R6B (2.0) Height Limit 50’
Buildable Sq. Ft: 5,000
Taxes: (22/23) $6,189.60
Description:
A 25’ wide vacant lot which has 5,000 buildable square feet. The lot size makes the property a prime development opportunity. A developer can build a five story apartment building. The units can be five floor-through apartments or ten two-bedroom apartments.
The property is located two blocks from the J & Z trains on Fulton Street & Van Siclen Avenue. 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: $675,000
OR $135 PER BUILDABLE SQUARE FOOT
====================
THREE STORY CORNER MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/DEVELOPMENT/USER OPPORTUNITY
OPPORTUNITY ZONE
BROOKLYN, NEW YORK
Location: Near Van Siclen Avenues.
Lot Size: 25' x 100'
Building Size:
Basement: ---25' x 100' = 2,500
First Floor: ---25' x 100' = 2,500
Second Floor:25' x 45' = 1,125 25' x 30' = 750
Stories: Two
Gross Square Feet: 4,375 appx
Zoning: (FAR) M1-4/R6A, 2.0/3.0 Height Limit 70’
Buildable Sq. Ft: 7,500
Air Rights:3,125 Sq. Ft
Taxes: (22/23) $25,132.04
Description:
A 25’ wide two unit, two story corner mixed-use building. The first floor is a funeral home, which is built full. The second floor front unit is a two-bedroom apartment. The back unit is a one-bedroom apartment.
The property is a prime development opportunity. A developer can build a seven story mixed-use building. The ground floor can be a store and above would be six floor through two-bedroom apartments. The units would get great sunlight, would have full kitchen and bathroom along with living and dining area. They would also be individually metered which their own heating and cooling systems. The apartments can be luxury rentals or condos.
An investor can renovate the two free market apartments and charge market rents for them. They can rent the commercial space to a grocery store, beauty salon or laundry mate. A user can have a business on the ground floor and combine the two units above to create a three bedroom apartment.
The building is located in an area that’s under a lot of development and is one block from the J and Z trains on Fulton Street and Van Siclen Avenue..
ASKING PRICE: $2,350,000 reduced 1,850,000
====================
TWO STORY SINGLE FAMILY FOR SALE
EXCELLENT DEVELOPMENT/USER OPPORTUNITY
OPPORTUNITY ZONE
BROOKLYN, NEW YORK
Location: West side of Bradford Street Between Liberty and Atlantic Avenues
Lot Size: 25' x 100'
Building Size:
Basement: ---20' x 45' irr = 680
First Floor: ---20' x 45' irr = 680
Second Floor:20' x 45'irr = 680
Stories: Two
Gross Square Feet: 1,360 appx
Zoning: (FAR) M1-4/R6A (3.0) Height Limit 70’
Buildable Sq. Ft: 7,500
Air Rights: 6,140 Sq. Ft
Taxes: (22/23) $2,502.48
Description:
A 20’ wide two story single family building on a 25’ x 100’ lot. The lot size makes the property a prime development opportunity. A developer can build a five story apartment building. The units can be five floor-through apartments or ten two-bedroom apartments.
The building is also a great user opportunity, a user can renovate the building into a two family building. They can occupy the first floor and rent out the second floor.
The property is located three blocks from the A & C trains on Liberty & Pennsylvania Avenues. This gives quick access to Downtown Brooklyn and the City.
ASKING PRICE: $600,000
OR $80 PER BUILDABLE SQUARE FOOT
https://www.nyc.gov/site/planning/plans/east-new-york/east-new-york-1.page
==================
50’ WIDE FOUR STORY BRICK APARTMENT BUILDING FOR SALE
PRIME INVESTMENT/DEVELOPMENT OPPORTUNITY
PRIME PROSPECT-LEFFERTS GARDENS
BROOKLYN, NEW YORK
Location: between Flatbush and 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
Stories: Four Plus Full Basement
Gross Square Feet: 10,000 appx
Zoning: (FAR) R6: (2.43) Height Limit 55’
Air Rights: 14,945 Sq. Ft
Taxes: (21/22) $19,119.36
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 floors 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 will have a total of six free market units. The apartments have not been registered with DHCR for many years.
ASKING PRICE: $1,950,000
=====================
40’ WIDE VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location:between Linden Blvd and New Lots Avenue
Lot Size: 40’ x 100’
Building Size: Basement: 40’ x 65’ irr = 2,000
1st Floor: 40’ x 65’ irr = 2,000
Stories: One (1)
Gross Square Feet:
Zoning:
(FAR)
Total
Buildable
Square Feet: Total
Available Air Rights:
Assessment: Real Estate Taxes:
2,000 (Approximately)
R6 (2.43) No Height Limit. Community Facility (4.8) 9,720 For residential. 19,200 For community Facility
7,720 For residential. 17,200 For community Facility
$64,620 (22/23)
$6,879.48
Description: A 40’ wide vacant lot off Linden Blvd. The property’s lot size makes it a prime development opportunity. A developer can build a 9,720 square foot elevatored apartment building. The site has the potential to be a six or seven story building. The units can be floor-through apartments or two apartments per floor. The property can have a front or back yard and is shovel ready.
The property is located one block from the L train which gives easy access to Manhattan and other trains at Broadway Junction. Linden Blvd has lots of retail stores along with brands like McDonald, Dollar Tree, Chase Bank.
ASKING PRICE: $1,000,000
OR $103 PER BUILDABLE SQUARE FOOT
====================
VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
AREA UPZONED & OPPORTUNITY ZONE
BROOKLYN, NEW YORK
Location: Between Schenck Avenue and Hendrix Street
Lot Size: 25’ x 100’ 2,500 Square Feet
Zoning: (FAR)
Total Buildable Square Feet: Assessment:
Real Estate Taxes:
R5B (1.35) Height Limit 33’ 3,375
$8,641 (22/23)
$1,754.92
Description: A 25’ wide vacant lot which has 3,375 buildable square feet. The lot size makes the property a prime development opportunity. A developer can
build a three story apartment building. The new building can have one or
two apartments per floor.
The property is located one block from the C train on Van Siclen Avenue.
This gives quick access to Downtown Brooklyn and Manhattan.
ASKING PRICE: $421,875
OR $125 PER BUILDABLE SQUARE FOOT
++++++++++++++++++++++++
VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
AREA UPZONED
BROOKLYN, NEW YORK
Location: Between Glenmore and Pitkin Avenues Street
Lot Size: 20’ x 90’ 1,800 Square Feet
Zoning: (FAR)
Total Buildable Square Feet: Assessment:
Real Estate Taxes:
R5B (1.35) Height Limit 33’ 2,430
$2,863 (22/23)
$581.48
Description: A 20 vacant lot which has 2,430 buildable square feet. The lot size makes the property a prime development opportunity. A developer can build a
three story apartment building. The building can have one unit per floor,
the first floor unit can be duplexed with the basement.
The property is located two blocks from the A and C train on Shepherd
Avenue. This gives quick access to Downtown Brooklyn and Manhattan.
ASKING PRICE: $303,750
OR $125 PER BUILDABLE SQUARE FOOT
+++++++++++++
VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
THE AREA HAS BEEN UPZONED
BROOKLYN, NEW YORK
Location: Between Pitkin and Belmont Avenues
Lot Size: 45’ x 90’ (20’ x 90’ 25’ x 90’ Each) 4,050 Square feet
Zoning: (FAR) Total Buildable Square Feet: Assessment: Real Estate
Taxes:
R7A (4.0) with a C2-4 Overlay (2.0) Height Limit 80’ 16,200
$144,810 (22/23)
$15,416.48
Description: A 45’ wide vacant lot which has 16,200 buildable square feet. The lot size makes the property a prime development opportunity. A developer can build an eight story apartment building, with two units per floor or one unit per floor. The zoning allows commercial on the first and second floors and apartments above or 100% residential.
The property is located two blocks from the A and C trains on Shepherd Avenue. This gives quick access to Downtown Brooklyn and the Manhattan. The lot size and the the up zoning of the area make the property a prime development opportunity.
ASKING PRICE: $2,025,000
OR $125 PER BUILDABLE SQUARE FOOT
++++++++++++++++++
VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
THE AREA HAS BEEN UPZONED
BROOKLYN, NEW YORK
Location:Between Pitkin and Belmont
Lot Size: 45’ x 90’ (20’ x 90’ 25’ x 90’ Each) 4,050 Square feet
Zoning: (FAR) Total Buildable Square Feet: Assessment: Real Estate
Taxes:
R7A (4.0) with a C2-4 Overlay (2.0) Height Limit 80’ 16,200
$144,810 (22/23)
$15,416.48
Description: A 45’ wide vacant lot which has 16,200 buildable square feet. The lot size makes the property a prime development opportunity. A developer can build an eight story apartment building, with two units per floor or one unit per floor. The zoning allows commercial on the first and second floors and apartments above or 100% residential.
The property is located two blocks from the A and C trains on Shepherd Avenue. This gives quick access to Downtown Brooklyn and the Manhattan. The lot size and the the up zoning of the area make the property a prime development opportunity.
ASKING PRICE: $2,025,000
OR $125 PER BUILDABLE SQUARE FOOT
++++++++++++++++++++++++
VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location: Between Glenmore and Pitkin Avenues
Lot Size: 25’ x 100’ 2,500 Square Feet
Zoning: (FAR)
Total Buildable Square Feet: Assessment:
Real Estate Taxes:
R6A (3.0) Height Limit 70’ 7,500
$3,940 (22/23)
$800.20
Description: A 25’ wide vacant lot which has 7,500 buildable square feet. The lot size makes the property a prime development opportunity. A developer can
build a six story apartment building. The new building can have one or
two apartments per floor.
The property is located one block from the C train on Shepherd & Pitkin
Avenues. This gives quick access to Downtown Brooklyn and the City.
The property is off Pitkin Avenue, which has a lot of stores and
restaurants.
ASKING PRICE: $937,500
OR $125 PER BUILDABLE SQUARE FOOT
+++++++++++++++++
VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location: Between Dumont and New Lots Avenues
Lot Size: 40’ x 90’ (20’ x 90’ Each) 3,600 Square Feet
Zoning: (FAR)
Total Buildable Square Feet:
Assessment:
Real Estate Taxes:
R5 (1.25) Height Limit 40’ 4,500
$16,909 (22/23)
$3,461.08
Description: A 40’ wide vacant lot which has 4,500 buildable square feet. The lot size makes the property a prime development opportunity. A developer can
build a four story apartment building. The property can be an eight or
sixteen unit building. The new building can have two or four apartments per
floor.
The property is located one block from the 2, 3 and 4 trains on New Lots
Avenue. This gives quick access to Downtown Brooklyn and the
Manhattan. The property is off New Lots Avenue, which has a lot of stores
and restaurants.
ASKING PRICE: $562,500
OR $125 PER BUILDABLE SQUARE FOOT
drop your email in comment section for info!
ID: 2783
NEWLY BUILT SIX STORY ELEVATORED APARTMENT BUILDING FOR SALE
EXCELLENT INVESTMENT OPPORTUNITY
between N Henry Street and Humboldt Street
Lot Size:
Building Size:
Stories:
Gross Square footage:
50’ x 63’ irr
Basement: 50’ x 63’ irr = 2,200 sq. ft. First Floor: 50’ x 36’ irr = 1,614 sq. ft Second Floor: 50’ x 36’ irr = 1,614 sq. ft Third Floor: 50’ x 36’ irr = 1,614 sq. ft Fourth Floor: 50’ x 36’ irr = 1,614 sq. ft Fifth Floor: 50’ x 36’ irr = 1,614 sq. ft Sixth Floor: 50’ x 36’ irr = 1,614 sq. ft Six (6) Plus Basement
9,684 (Approx)
Zoning/FAR: R6 (2.43) Height Of New Building 55’
Available Air Rights: No Air Rights
Assess: (23/24) $852,627.00
Taxes: $85,878.76
Description:
A 50’ wide ten-unit six story elevatored apartment building. Floors one through four have two apartments per floor. The fifth floor is a three-bedroom floor-through apartment. The sixth floor has a two-bedroom floor-through apartments. The first floors has two studio units have outdoor space. The upper apartments have a balcony’s at the back. All the floors have 10’ ceilings and get great sunlight.
All the apartments have nice wood floors, beautiful layouts with a living room/dining room. A full kitchen with granite counter tops and stainless steel appliances. There is also a beautifully tiled full bathroom. The property is individually metered for gas and electric. The units each has a water heater and a central HVAC unit in the apartment along with a laundry hook up.
The property is fully sprinklered, all the meters are in the basement along with super space. The basement has ten spaces for storage, the hallways each has a storage room. There is roof access and great views of the city.
The property had a tax abatement which expired. In nine years the property will be off rent stabilization. We have a settlement agreement with HPD, they can’t raise taxes over 30%. The DHCR is from 2010 till present.
The building is a great investment opportunity with future upside potential. Being that it’s a new building and close to the city there will always be a strong demand for the apartments. The area has nice restaurants and retail stores also close to the L train, the B24 and Q32 bus.
Income:
Unit Description Unit Type Revenue Projected First Floor: 1A Studio Rent Stabilized $3,141.60 $3,250 1B Studio Rent Stabilized $2,892.75 $3,250
Second Floor: 2A 1-Bedroom Apt Rent Stabilized $2,650.73 $3,000 2B Studio Rent Stabilized $2,128.61 $2,650
Third Floor: 3A 1-Bedroom Apt Rent Stabilized $3,000.00 $3,150 3B Studio Rent Stabilized $2,563.88 $2,650
Fourth Floor: 4A 1-Bedroom Apt Rent Stabilized $1,742.50 $3,500 4B Studio Rent Stabilized $3,034.50 $3,200
Fifth Floor: 5A 3-Bedroom Apt Rent Stabilized $2,835.00 $3,750
Sixth Floor: 6A 2-Bedroom Apt Rent Stabilized $3,557.50 $3,650 Total Monthly Income: $27,547.07 $32,050.0 Total Annual Income: $330,564.84 $384,600.0
Expenses:
Real Estate Taxes: $85,878.76
Water & Sewer: $5,000
Insurance: $4,000
Heat (gas): $4,500
Electric: (common areas) $2,200
Repairs & Maintenance: Super:
Total Annual Expenses:
$1,800 $2,300 $105,678.76
Net Operating Income: $278,921.24 CAP RATE: 6.6%
ASKING PRICE: $4,250,000
==================
THREE STORY APARTMENT BUILDING FOR SALE
EXCELLENT USER/INVESTMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location:between Buffalo and Ralph Avenues
Lot Size: 25’ x 128’ irr
Building Size: Basement: 25’ x 86’ irr = 1,860 sq. ft. Ground Floor: 25’ x 86’ irr = 1,860 sq. ft.
2nd Floor: 25’ x 86’ irr = 1,860 sq. ft.
3rd Floor: 25’ x 86’ irr = 1,860 sq. ft.
Stories: Three (3) Plus Basement
Gross Square Feet: 5,580 (Approximately) Above Grade
Zoning: (FAR)
Total Buildable Sq. Ft: Total Available Air Rights: Assessment:
Real Estate Taxes:
Description:
R6: (2.43)
8,080
2,500
$42,624 (23/24)
$8,561.04
A 25’ wide 6-unit three story apartment building. The units are mostly three-bedroom apartments with a living/ dining area a full kitchen and full bathroom. The units are all rent stabilized with upside potential. The apartments are individually metered for cooking gas and electric. All the meters are in the basement. The units have electric baseboard heating with new thermostats. The property was gut renovated in 2016. The units are located to the front and back of the building.
The property is a prime investment opportunity because it’s renovated the investor is buying a property that’s turnkey and does not have to worry about hard costs. The tenants pay for their own heating and gas for cooking.
When the first floor becomes vacant it can be duplexed with the basement to create a duplex garden apartment. There’s also the potential to convert the second and third floors into floor-through apartments to be removed from rent stabilization. When the property becomes fully vacant with the 2,500 square feet of air rights it can be developed into an elevatored apartment building.
The property is also a great user opportunity, a user can create a floor-through duplex apartment with the first floor and basement. The upper floors can be rented for income.
The property is located in an area that’s under a lot of development,
new condo and rental buildings are being built in the area. The 2 and
3 trains are on Utica Avenue & Eastern Parkway. This gives easy
access to the City and downtown Brooklyn. The Avenues like,
Buffalo, Raplh and Utica Avenue have nice retail stores and
restaurants. Kings County Hospital is a few blocks away via B46
Bus. All these factors makes the property a prime investment and
user opportunity.
Revenue:
Unit Description Unit Type Revenue LXP
Ground Floor: 1F 1B
2- Bedroom Apt Rent Stabilized 3- Bedroom Apt Rent Stabilized
$2,310.00
$2,344.65 8/31/24
Second Floor: 2F 2B
3- Bedroom Apt Rent Stabilized 3- Bedroom Apt Rent Stabilized
$2,205.00 $2,336.25
7/31/24 9/30/24
Third Floor: 3F 3- Bedroom Apt Rent Stabilized $1,995.00 5/31/24 3B 3- Bedroom Apt Rent Stabilized $2,205.00 8/31/24
Monthly Inc:
Annual Inc:
Expenses:
Real Estate Taxes: $8,561.04 Water & Sewer: $458.00 Insurance: $3,500.00 Heat (Gas): Paid By Tenant $0.00 Electric: (common areas) $1,869.00
$13,395.90
$160,750.80
Repairs & Maintenance: Super:
Total Annual Expenses
$3,000.00 $3,000.00 $20,388.04
Net Operating Income: $140,362.76 CAP RATE: 5.8%
ASKING PRICE: $2,400,000
==============
TWO STORY TWO FAMILY RENOVATED BUILDING FOR SALE
EXCELLENT USER/INVESTMENT OPPORTUNITY
OPPORTUNITY ZONE
BROOKLYN, NEW YORK
Location:
between Dumont and Hegeman Avenues
Lot Size:
22’ x 100’
Building Size:
Basement: 16’ x 38’ = 608
1st Floor: 18’ x 52’ = 936
2nd Floor: 18’ x 44’ = 792
Stories:
Two (2)
Gross Square Feet:
1,728 (Approximately) Above Grade
Zoning: (FAR)
Total Buildable Square Feet:
R5 (1.25)
2,750 Height Limit 40’
Total Available Air Rights:
1,022
Assessment:
Real Estate Taxes:
$22,415 (23/24)
$4,502.08
Description:
An 18’ wide 2-unit two-story building. The property has a three-bedroom garden apartment on the first floor. To the front is a wide bedroom, the living room/dining area is to the middle of the unit. There is a bedroom to the right side and a full bathroom to the left side. The back has a master bedroom which has access to the deck and backyard. There is a side staircase which leads to the basement.
The second floor is also a three-bedroom apartment. To the front is a wide bedroom, the living room/dining area is to the middle of the unit. There is a bedroom to the right side and a full bathroom to the left side. The back has a master bedroom, which has a view of the back yard.
There is a full basement which is open and column free. There is access to it from inside the first floor apartment and back of the building. The space has side windows and a full bathroom along with a utility room which has the two gas boilers and two water heaters. The basement has 7’ ceilings and can be duplexed with the basement.
The units have been completely renovated with nice wood floors, nicely tiled kitchen and bathrooms. The hallways and stairs is beautiful and in great condition.
The property is a prime user opportunity. A user can occupy the first floor, which would give them personal access to the basement and backyard. The can convert the basement into a home office or a gym. They can also add small kitchenette to the basement and a laundry area.
The building is also a prime investment opportunity, since each apartment has it’s own boiler and water heater, the tenants can pay their own heating. The property has one electric meter, the investor can add value by giving each unit it’s own electric meter.
There is easy access to the property via the A train to Euclid Avenue. The 2, 3, and 4 trains is on New Lots Avenue. These trains are within walking distance to the property and give easy access to Manhattan.
Income:
Unit Description Unit Type Rev Projected
First Floor: 1 3 Bd Apt Free Market $850 $3,300 In court
Second Floor: 2 3 Bd Apt Free Market $2,500 $3,000
Projected Monthly Income: $3,350 $6,300
Projected Annual Income: $40,200 $75,600
Expenses:
Real Estate Taxes:
$4,502.08
Water & Sewer:
$1,800.00
Insurance:
$2,300.00
Heat (Gas):
$3,000.00
Electric: (common areas)
$2,760.00
Repairs & Maintenance:
Total Annual Expenses
$2,500.00
$16,862.08
Net Operating Income: $58,737.92 CAP RATE: 6.3%
ASKING PRICE: $935,000
======
The property is a three story three unit brick building. The first floor is an owner occupied three-bedroom two-bathroom garden apartment. This unit is delivered vacant. The second floor is a one-bedroom floor-through apartment. This unit is rented on a month to month basis. The third floor is a vacant two-bedroom apartment in need of renovation.
The building has many possibilities to add value. The investor can give each unit it's own boiler and water heater. The driveway can be rented to park a car. The driveway can be converted into a store buy using the 1,150 square feet of air rights. This would also
create a front outdoor space for the second floor.
The property has a unique residential exposure on Street and faces Fulton Street which has all the fine retail stores and is one block from the A & C trains on Fulton
NEWLY BUILT THREE STORY THREE UNIT BUILDING
EXCELLENT USER/INVESTMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location: Between Saratoga and Howard Ave
Lot Size: 23' x 100'
Building Size:
Basement: ---23' x 50' = 1,150
First Floor: ---23' x 50' = 1,150
Second Floor:23' x 50'= 1,150
Third Floor:---23' x 50'= 1,150
Stories: Three Plus Full Basement
Gross Square Feet: 3,450 appx
Zoning: (FAR) R6B (2.0) with a C2-4 Overlay (2.0) Height Limit 50’
Buildable Sq. Ft: 4,600
Air Rights: 1,150 Sq. Ft
Taxes: (23/24) $10,162.24
Description:
A 23’ wide three-unit three story brick building. The property has a three- bedroom, two bathroom garden apartment on the ground floor. The second floor is a one-bedroom, one bathroom floor-through apartment. The third floor is a vacant two-bedroom, one-bathroom apartment in need of renovation. The building is individually metered for electric, but has one gas meter. The owner pays to heat the building, along with the hot water heater and gas for the cooking stoves.
The first and second floor units are renovated with nice wood floors, granite counter tops and stainless steel appliances. The third floor apartments needs renovation. The units get great sunlight from the front and back of the building.
The building is a great user opportunity, a user can live on the ground floor apartment and rent out the upper two floors. There is also a curb cut a user can park their car in the front yard.
The property is a prime investment opportunity, they can convert the first floor to a store, and rent out the upper two floors for income. Give each unit it’s own boiler and water heater. Also rent out the front yard for parking.
The property is located on a street that has great residential and commercial exposure. The block has mostly two and three family homes, across the street is Fulton street which has all the retail stores and close to the A & C trains on Ralph Avenue & Fulton Street.
ASKING PRICE: $1,500,000
==============
NEW YORK OFF MARKET BROOKLYN
THREE STORY MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/USER/DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location: between Graham and Manhattan Avenues
Lot Size: 20' x 100'
Building Size:
Basement: ---20' x 70' = 1,400
First Floor: ---20' x 85' = 1,700
Second Floor:20' x 70'= 1,400
Third Floor:--- 20' x 70'= 1,400
Stories: Three Plus Full Basement
Gross Square Feet: 4,500 appx
Zoning: (FAR) C4-4A: (4.0) R7A Equivalent (4.0) Height Limit 210’
Buildable Sq. Ft: 8,000
Air Rights: 3,500 Sq. Ft
Taxes: (22/23) $6,931.08
Description:
A 20’ wide 2-unit three-story mixed-use building. The property has a store on the ground floor, which is vacant. This floor has access to the basement and back yard. The second floor is a two-bedroom floor-through apartment. The third floor is also a two-bedroom floor-through apartment. The units have a full kitchen and bathroom along with a living/dining area. The property is individually metered for electric and gas.
The property is a great investment opportunity, an investor can make the apartments nicer and give each unit their own boiler and water heater. There is extra space to add a third bedroom. There will be a lot of demand for the store and apartments since the property is two blocks from the L train station.
The building makes a great user opportunity, they can have their business on the first floor, live on the second floor and rent out the third floor for income.
The property is prime development opportunity, a developer can renovate the units and rent them at full market value. The air rights can be used to add two more floors. The top floor can also be developed into a duplex apartment.
Williamsburg is under a lot of development with new buildings and retail stores being developed. There is easy access to the city via the G train on Union Avenue and L train on Grand Street & Bushwick Avenue.
Net Operating Income: $163,218.92 CAP RATE: 6.8%
ASKING PRICE: $2,900,000 reduced 2,395,000
===========
THREE STORY CORNER MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/DEVELOPMENT/USER OPPORTUNITY
OPPORTUNITY ZONE
BROOKLYN, NEW YORK
Location: near Van Siclen Avenues.
Lot Size: 25' x 100'
Building Size:
Basement: ---25' x 100' = 2,500
First Floor: ---25' x 100' = 2,500
Second Floor:25' x 45' = 1,125 25' x 30' = 750
Stories: Two
Gross Square Feet: 4,375 appx
Zoning: (FAR) M1-4/R6A, 2.0/3.0 Height Limit 70’
Buildable Sq. Ft: 7,500
Air Rights:3,125 Sq. Ft
Taxes: (22/23) $25,132.04
Description:
A 25’ wide two unit, two story corner mixed-use building. The first floor is a funeral home, which is built full. The second floor front unit is a two-bedroom apartment. The back unit is a one-bedroom apartment.
The property is a prime development opportunity. A developer can build a seven story mixed-use building. The ground floor can be a store and above would be six floor through two-bedroom apartments. The units would get great sunlight, would have full kitchen and bathroom along with living and dining area. They would also be individually metered which their own heating and cooling systems. The apartments can be luxury rentals or condos.
An investor can renovate the two free market apartments and charge market rents for them. They can rent the commercial space to a grocery store, beauty salon or laundry mate. A user can have a business on the ground floor and combine the two units above to create a three bedroom apartment.
The building is located in an area that’s under a lot of development and is one block from the J and Z trains on Fulton Street and Van Siclen Avenue..
ASKING PRICE: $2,350,000 reduced 1,850,000
https://www.nyc.gov/site/planning/plans/east-new-york/east-new-york-1.page
=======================
FOUR STORY RENOVATED CORNER BUILDING
FOR SALE
PRIME USER/INVESTMENT
NEW YORK, NEW YORK
Location: near West 158th Streets
Lot Size: 17' x 48' irr
Building Size:
First Floor:------14' x 41' = 574
Second Floor: -14' x 41' = 574
Third Floor:-__ 14' x 41' = 574
Fourth Floor:----14' x 41' = 574--
Stories: Four (4)
Gross Square Feet: 2,300 approximately
Zoning: (FAR) R7-2: (3.44) Height Limit 80’
Assessment: (22/23) $46,393
Taxes: (22/23) $9,318.04
A four-story two-unit limestone building. The ground floor and second floor is a duplex two-bedroom and two-bathroom apartment. The unit has a living/dining area a kitchen and additional den/office space. The ground floor has access to the back yard. The third and fourth floor is also a duplex two-bedroom and two-bathroom apartment. The unit has a living/dining area a kitchen and additional den/office space. This unit has a skylight above stairway.
The property has been renovated with new electrical & plumbing, bay side-windows, hardwood floors, stainless steel appliances, washer & dryer. Expose brick fireplaces, 12’ ceiling in living/dining area. The units are individually metered for electric and gas.
The ground floor and second floor duplex is rented for $3,750 per month the lease expires in 6/1/24. The third and fourth floor duplex unit is rented for $3,750 per month; their lease expires in 6/1/24.
The property is located in Washington Heights, which is under a lot of development. The property is located two blocks from the B & C trains and is in walking distance to the neighborhoods many restaurants & bakeries. Columbia University is a few minutes away via the 1 train.
The property is also a great user opportunity; a user can convert the building into a single family home or build a triplex and use one unit for rental income. An investor/developer can convert the building into a four-unit investment property.
ASKING PRICE: $2,000,000
================
FOUR STORY BUILDING
FOR SALE
PRIME INVESTMENT/USER OPPORTUNITY
NEW YORK, NEW YORK
Location: between West 157th and West 158th Street
Lot Size: 17' x 57'
Building Size:
First Floor:------17' x 41' = 697
Second Floor: -17' x 41' = 697
Third Floor:-__ 17' x 41' = 697
Fourth Floor:----17' x 41' = 697--
Stories: Four (4)
Gross Square Feet: 2,788 approximately
Zoning: (FAR) R7-2: (3.44) Height Limit 80’
Buildable Square Feet: 3,333
Available Air Rights: 545
Assessment: (22/23) $28,183
Taxes: (22/23) $3,523.44
A four-story five unit building. The first floor is a one-bedroom floor-through apartment which has access to the backyard. The second floor is a loft two-bedroom apartment, with a living room, kitchen and full bathroom. The third floor has two studio apartments. The fourth floor is a duplex two-bedroom apartment This unit has a bedroom, master bathroom and walk in closet. This floor has access to the attic.
The first floor/ground floor is vacant, the second floor tenant is paying $1,500 per month and on a month to month basis. The third floor has two studio apartments paying $900 each. The top floor is paying $2,100 per month.
The property is a prime investment opportunity, an investor can convert the building into four floor-through units and give each apartment their own boiler and water heater.
The property is also a great user opportunity; a user can convert the building into a single family home or build a triplex and use one unit for rental income.
Net Operating Income: $103,276.56 CAP RATE: 6.8%
ASKING PRICE: $1,500,000
==================
FOUR STORY COMMERCIAL BUILDING FOR SALE
PRIME DEVELOPMENT OPPORTUNITY
SOLD WITH APPROVE PLANS FOR 30 UNIT BUILDING & 421A TAX ABATEMENT
BROOKLYN, NEW YORK
Location: between Bedford Avenue and Arlington Place
Lot Size:60’ x 100’ irr
Lot Square Footage: 5,457
Zoning: (FAR) C4-5D (4.2) Equivalent R7D (4.2) Height Limit 135’
Total Buildable Square Feet: 30,585
Real Estate Taxes: $63,884.76 421 Tax Abatement For 35 Years.
Description:
A 60’ x 100’ development site which is being sold with approved plans that will be a 60’ wide 30 unit eight story luxury elevatored mixed-use building. The property will have a store on the first floor which will be duplexed with the basement. The first floor will also have a two-bedroom apartment, a one- bedroom apartment and a parking garage. The upper floors will each have four units per floor, two of the apartments will face the front of the building and the other two will face the back. The units will be two, two-bedroom apartments and two, one-bedroom apartments per floor.
The two-bedroom apartments will have two full bathrooms, a full kitchen along with a living/dining area. The one-bedroom apartments will have a full kitchen, a full bathroom along with a living/dining area. The basement has storage space, the sprinkler room, electric and gas room along with a gym. The building also has a top roof deck.
The property is on a block with lots of foot traffic and fine retail stores and restaurants. The A & C train is one block away on Nostrand & Fulton also Nostrand & Franklin Avenue. The site is within 5 to 10 minutes from the Barclays Center and Atlantic Terminal Mall via train. Also within 20 minutes to the city. There is a strong demand for new apartments in the area with amenities and close to public transportation.
ASKING PRICE: $7,775,000.00 $254 PER BUILDABLE SQUARE FEET
===============
VACANT LOT FOR SALE
PRIME DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location between 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)
Assessment:$2,794 (22/23)
Real Estate Taxes:$567.44
Description:
A 20’ wide vacant lot on a nice residential block that close to fine retail stores and restaurants on Eastern Parkway and Utica Avenue. The property has easy access to the 2, 3 and 4 trains within 15 minutes the tenants or new owner of the property can be in Manhattan and within 10 minutes in downtown Brooklyn. The B46 bus runs along Utica Avenue and goes into the neighborhood of East Flatbush and to Kings Plaza.
The lot is located on a nice residential block, the zoning allows for a residential building to be built. The new property can be a single, a two or three family building. The property can have a front yard for plants and flowers or for on-site parking. There’s an attic allowance of up to 20% for inclusion of space under the pitched roof. The basement can be duplexed with the first floor to get more square footage. The attic space would give an extra 540 square feet, plus the basement can be built full for 2,000 square feet below grade. That would be 2,540 square feet, plus the 2,700 square feet buildable. The property would be a total of 5,240 square feet basement included.
The property is located in an area that under a lot of development. When the units are built there will be a lot of demand for them from young professionals and artists from the city and the local neighborhood. They love the fact that Crown Heights via train is not far from the city and is close to Bedford Stuyvesant and Williamsburg where prices for units are less than Manhattan. All these factors makes this a prime development opportunity that a developer will enjoy developing.
ASKING PRICE: $2,000,000 reduced 1,750,000
===============
PRIME INVESTMENT/USER OPPORTUNITY
FOR SALE
BROOKLYN, NEW YORK
Location: Decatur Street and Howard Avenue
Lot Size: 20' x 100'
Building Size:
Basement: ---20' x 60' = 1,200
First Floor: ---20' x 60' = 1,200
Second Floor:20' x 60'= 1,200
Third Floor:----20' x 60'= 1,200
Stories: Three Plus Full Basement
Gross Square Feet: 3,600 appx
Zoning: (FAR) R5B (1.35)
Buildable Sq. Ft: 2,700
Air Rights: No Air Rights
Taxes: (22/23) $6,247.
Description:
A 20’ wide two unit three story corner mixed-use building. The property has two stores on the first floor and two four-bedroom apartments above. There is a four car garage to the back.
The units have nice wood floors all the bedrooms have good size closets and get great sunlight. The units has 10’ ceilings and all the electric and plumbing has been updated. The kitchens have stainless steel appliances and granite counter tops. The full bathroom have modern tubs and toilets and are nicely tiled. The units also have a washer & dryer.
The property is a prime investment opportunity, an investor can add value by renting out the garages or convert them to stores. The second floor unit can use the roof of the garages as outdoor space.
The property is also a great user opportunity, a user can use the corner stores for their business and live in the second floor unit. The third floor apartment can be rented for income, along with the garages.
The property has great residential exposure on Decatur Street Avenue and commercial exposure on Howard Avenue. The J train is located four blocks away on Chauncey Street & Broadway.
ASKING PRICE: $2,500,000.00 Cap Rate 6.2%
============
THREE STORY BUILDING FOR SALE
WITH APPROVE PLANS FOR A SIX STORY CONDO MIXED-USE BUILDING EXCELLENT DEVELOPMENT/USER OPPORTUNITY
NEW YORK, NEW YORK
no 421a
between Jefferson and Clinton Streets.
Lot Size: 24’ x 87’
Building Size: Approve Plans Ground Floor: 24’ x 77’ = 1,848 Built
Second Floor: 24’ x 58’ = 1,392 Built
Third Floor: 24’ x 58’ = 1,392 Built
Fourth Floor: 24’ x 58’ = 1,392 Needs to be built
Fifth Floor: 24’ x 58’ = 1,392 Needs to be built
Sixth Floor: 24’ x 58’ = 1,392 Needs to be built
Stories: Three (3)
Gross Square Feet: Existing Square Feet:
8,808 Approve Square Feet 4,872
Zoning: (FAR) R7-2 (3.44) with a C1-5 Overlay (2.0) FLOOR TO AREA CALCULATIONS
Current Maximum Buildable: (3.44 FAR) w/Community Facility Bonus: (6.5 FAR) Assessment:
Real Estate Taxes:
7,182 Buildable Square Feet 13,650 Buildable Square Feet $229,950 (22/23)
$28,208.00
Description: A 24’ wide three story mixed-use building with approve plans for a six story 10 unit condo mixed-use building. The first floor is
community facility space. Floors two through six each have two
units per floor; they are all one-bedroom apartments. The six
floor will also have a mezzanine space. This is a prime
development opportunity because the project is half-complete.
The foundation and basement is built, all the plans, permits comes
along with the property. The developer is saving time and money
with this development opportunity.
The zoning allows a building with two floors of commercial and
the upper floors can be residential. The property can also be a
fully residential building. The site is also a great user opportunity;
a user can covert the ground floor into parking space since the
property has a curb cut. They can have an office on the second
floor, live on the third & fourth floors and rent out the other two
floors. Please email me for the approve plans.
Potential for 421-a tax exemption. The foundation was done before the laws change. To save on construction cost a developer can add another floor and take out the elevator. This would create more space for the apartments. The developer can also leave it as a three story building and finish the construction of it.
ASKING PRICE: $3,300,000
OR $459 PER BUILDABLE SQUARE FOOT
=========================
SIX STORY RENOVATED MIXED USE BUILDING FOR SALE
EXCELLENT INVESTMENT OPPORTUNITY
OPPORTUNITY ZONE
NEW YORK, NEW YORK
Location: between Rivington and Stanton Streets
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:
$1,595,250 (21/22) $195,178.84
Description: A 50’ wide 21 unit six (6) story renovated mixed- use building. The building has three 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 $4,000.00 Vacant
Store 3 Apt 1
Grocery Store
2 Bedroom with yard
Commercial Rent Stabilized
$4,400.00 $912.43
3/31/24 8/31/22
Second Floor: Apt 2 One Bedroom Rent Stabilized $906.83 10/31/22
Apt 3 Apt 4 Apt 5
One Bedroom Two Bedroom Two Bedroom
Free Market Free Market Free Market
$2,900 $3,000 $3,200
8/31/22 6/30/22 2/28/23
Third Floor: Apt 6 One Bedroom Free Market $2,800 10/31/22
Apt 7 Apt 8 Apt 9
One Bedroom Two Bedroom One Bedroom
Free Market Free Market Free Market
$3,200 $3,300 $3,000
4/30/23 6/30/22 6/30/22
Fourth Floor: Apt 10 Two Bedroom Free Market $2,600 2/28/23
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
$3,000
$3,300
$3,400
$2,300
$3,350 $3,000
$3,100
$2,600
$1,003.05 $2,950 $4,400
6/30/22 7/31/22 3/31/23
4/30/23 4/30/23 4/30/23 4/30/23
2/28/23 1/31/23 4/30/23 4/30/22
Laundry $240 Cell Tower $1,123.90
Total Monthly Income: $67,986.21 Annual Water Reimbursement: $3,856.00 Total Annual Income: $819,690.52
Note: Laundry lease expires in 6/30/22 Cell tower lease expires in 3/31/29 Expenses:
Real Estate Taxes: $195,178.84
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
$16,393.810
$264,872.65
Net Operating Income: $554,817.87
ASKING PRICE: $12,950,000 CAP RATE: 4.3%
================
PRIME INVESTMENT/USER OPPORTUNITY
BROOKLYN, NEW YORK
Location: Decatur Street and Howard Avenue
Lot Size: 20' x 100'
Building Size:
Basement: ---20' x 60' = 1,200
First Floor: ---20' x 60' = 1,200
Second Floor:20' x 60'= 1,200
Third Floor:----20' x 60'= 1,200
Stories: Three Plus Full Basement
Gross Square Feet: 3,600 appx
Zoning: (FAR) R5B (1.35)
Buildable Sq. Ft: 2,700
Air Rights: No Air Rights
Taxes: (22/23) $6,247.
Description:
A 20’ wide two unit three story corner mixed-use building. The property has two stores on the first floor and two four-bedroom apartments above. There is a four car garage to the back.
The units have nice wood floors all the bedrooms have good size closets and get great sunlight. The units has 10’ ceilings and all the electric and plumbing has been updated. The kitchens have stainless steel appliances and granite counter tops. The full bathroom have modern tubs and toilets and are nicely tiled. The units also have a washer & dryer.
The property is a prime investment opportunity, an investor can add value by renting out the garages or convert them to stores. The second floor unit can use the roof of the garages as outdoor space.
The property is also a great user opportunity, a user can use the corner stores for their business and live in the second floor unit. The third floor apartment can be rented for income, along with the garages.
The property has great residential exposure on Decatur Street Avenue and commercial exposure on Howard Avenue. The J train is located four blocks away on Chauncey Street & Broadway.
ASKING PRICE: $2,500,000.00 Cap Rate 6.2%
==============
VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
THE AREA HAS BEEN UPZONED
BROOKLYN, NEW YORK
Location: Between Pitkin and Belmont Avenues
Lot Size: 45’ x 90’ (20’ x 90’ 25’ x 90’ Each) 4,050 Square feet
Zoning: (FAR) R7A (4.0) with a C2-4 Overlay (2.0) Height Limit 80’
Buildable Sq. Ft: 16,200
Taxes: (22/23) $15,416.48
Description:
A 45’ wide vacant lot which has 16,200 buildable square feet. The lot size makes the property a prime development opportunity. A developer can build an eight story apartment building, with two units per floor or one unit per floor. The zoning allows commercial on the first and second floors and apartments above or 100% residential.
The property is located two blocks from the A and C trains on Shepherd Avenue. This gives quick access to Downtown Brooklyn and the Manhattan. The lot size and the the up zoning of the area make the property a prime development opportunity.
ASKING PRICE: $2,025,000
OR $125 PER BUILDABLE SQUARE FOOT
================
25’ WIDE VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
OPPORTUNITY ZONE
BROOKLYN, NEW YORK
Location: Between Atlantic and Liberty Avenues
Lot Size: 25’ x 100’ 2,500 Square Feet
Zoning: (FAR) R6B (2.0) Height Limit 50’
Buildable Sq. Ft: 5,000
Taxes: (22/23) $6,189.60
Description:
A 25’ wide vacant lot which has 5,000 buildable square feet. The lot size makes the property a prime development opportunity. A developer can build a five story apartment building. The units can be five floor-through apartments or ten two-bedroom apartments.
The property is located two blocks from the J & Z trains on Fulton Street & Van Siclen Avenue. 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: $675,000
OR $135 PER BUILDABLE SQUARE FOOT
====================
THREE STORY CORNER MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/DEVELOPMENT/USER OPPORTUNITY
OPPORTUNITY ZONE
BROOKLYN, NEW YORK
Location: Near Van Siclen Avenues.
Lot Size: 25' x 100'
Building Size:
Basement: ---25' x 100' = 2,500
First Floor: ---25' x 100' = 2,500
Second Floor:25' x 45' = 1,125 25' x 30' = 750
Stories: Two
Gross Square Feet: 4,375 appx
Zoning: (FAR) M1-4/R6A, 2.0/3.0 Height Limit 70’
Buildable Sq. Ft: 7,500
Air Rights:3,125 Sq. Ft
Taxes: (22/23) $25,132.04
Description:
A 25’ wide two unit, two story corner mixed-use building. The first floor is a funeral home, which is built full. The second floor front unit is a two-bedroom apartment. The back unit is a one-bedroom apartment.
The property is a prime development opportunity. A developer can build a seven story mixed-use building. The ground floor can be a store and above would be six floor through two-bedroom apartments. The units would get great sunlight, would have full kitchen and bathroom along with living and dining area. They would also be individually metered which their own heating and cooling systems. The apartments can be luxury rentals or condos.
An investor can renovate the two free market apartments and charge market rents for them. They can rent the commercial space to a grocery store, beauty salon or laundry mate. A user can have a business on the ground floor and combine the two units above to create a three bedroom apartment.
The building is located in an area that’s under a lot of development and is one block from the J and Z trains on Fulton Street and Van Siclen Avenue..
ASKING PRICE: $2,350,000 reduced 1,850,000
====================
TWO STORY SINGLE FAMILY FOR SALE
EXCELLENT DEVELOPMENT/USER OPPORTUNITY
OPPORTUNITY ZONE
BROOKLYN, NEW YORK
Location: West side of Bradford Street Between Liberty and Atlantic Avenues
Lot Size: 25' x 100'
Building Size:
Basement: ---20' x 45' irr = 680
First Floor: ---20' x 45' irr = 680
Second Floor:20' x 45'irr = 680
Stories: Two
Gross Square Feet: 1,360 appx
Zoning: (FAR) M1-4/R6A (3.0) Height Limit 70’
Buildable Sq. Ft: 7,500
Air Rights: 6,140 Sq. Ft
Taxes: (22/23) $2,502.48
Description:
A 20’ wide two story single family building on a 25’ x 100’ lot. The lot size makes the property a prime development opportunity. A developer can build a five story apartment building. The units can be five floor-through apartments or ten two-bedroom apartments.
The building is also a great user opportunity, a user can renovate the building into a two family building. They can occupy the first floor and rent out the second floor.
The property is located three blocks from the A & C trains on Liberty & Pennsylvania Avenues. This gives quick access to Downtown Brooklyn and the City.
ASKING PRICE: $600,000
OR $80 PER BUILDABLE SQUARE FOOT
https://www.nyc.gov/site/planning/plans/east-new-york/east-new-york-1.page
==================
50’ WIDE FOUR STORY BRICK APARTMENT BUILDING FOR SALE
PRIME INVESTMENT/DEVELOPMENT OPPORTUNITY
PRIME PROSPECT-LEFFERTS GARDENS
BROOKLYN, NEW YORK
Location: between Flatbush and 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
Stories: Four Plus Full Basement
Gross Square Feet: 10,000 appx
Zoning: (FAR) R6: (2.43) Height Limit 55’
Air Rights: 14,945 Sq. Ft
Taxes: (21/22) $19,119.36
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 floors 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 will have a total of six free market units. The apartments have not been registered with DHCR for many years.
ASKING PRICE: $1,950,000
=====================
40’ WIDE VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location:between Linden Blvd and New Lots Avenue
Lot Size: 40’ x 100’
Building Size: Basement: 40’ x 65’ irr = 2,000
1st Floor: 40’ x 65’ irr = 2,000
Stories: One (1)
Gross Square Feet:
Zoning:
(FAR)
Total
Buildable
Square Feet: Total
Available Air Rights:
Assessment: Real Estate Taxes:
2,000 (Approximately)
R6 (2.43) No Height Limit. Community Facility (4.8) 9,720 For residential. 19,200 For community Facility
7,720 For residential. 17,200 For community Facility
$64,620 (22/23)
$6,879.48
Description: A 40’ wide vacant lot off Linden Blvd. The property’s lot size makes it a prime development opportunity. A developer can build a 9,720 square foot elevatored apartment building. The site has the potential to be a six or seven story building. The units can be floor-through apartments or two apartments per floor. The property can have a front or back yard and is shovel ready.
The property is located one block from the L train which gives easy access to Manhattan and other trains at Broadway Junction. Linden Blvd has lots of retail stores along with brands like McDonald, Dollar Tree, Chase Bank.
ASKING PRICE: $1,000,000
OR $103 PER BUILDABLE SQUARE FOOT
====================
VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
AREA UPZONED & OPPORTUNITY ZONE
BROOKLYN, NEW YORK
Location: Between Schenck Avenue and Hendrix Street
Lot Size: 25’ x 100’ 2,500 Square Feet
Zoning: (FAR)
Total Buildable Square Feet: Assessment:
Real Estate Taxes:
R5B (1.35) Height Limit 33’ 3,375
$8,641 (22/23)
$1,754.92
Description: A 25’ wide vacant lot which has 3,375 buildable square feet. The lot size makes the property a prime development opportunity. A developer can
build a three story apartment building. The new building can have one or
two apartments per floor.
The property is located one block from the C train on Van Siclen Avenue.
This gives quick access to Downtown Brooklyn and Manhattan.
ASKING PRICE: $421,875
OR $125 PER BUILDABLE SQUARE FOOT
++++++++++++++++++++++++
VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
AREA UPZONED
BROOKLYN, NEW YORK
Location: Between Glenmore and Pitkin Avenues Street
Lot Size: 20’ x 90’ 1,800 Square Feet
Zoning: (FAR)
Total Buildable Square Feet: Assessment:
Real Estate Taxes:
R5B (1.35) Height Limit 33’ 2,430
$2,863 (22/23)
$581.48
Description: A 20 vacant lot which has 2,430 buildable square feet. The lot size makes the property a prime development opportunity. A developer can build a
three story apartment building. The building can have one unit per floor,
the first floor unit can be duplexed with the basement.
The property is located two blocks from the A and C train on Shepherd
Avenue. This gives quick access to Downtown Brooklyn and Manhattan.
ASKING PRICE: $303,750
OR $125 PER BUILDABLE SQUARE FOOT
+++++++++++++
VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
THE AREA HAS BEEN UPZONED
BROOKLYN, NEW YORK
Location: Between Pitkin and Belmont Avenues
Lot Size: 45’ x 90’ (20’ x 90’ 25’ x 90’ Each) 4,050 Square feet
Zoning: (FAR) Total Buildable Square Feet: Assessment: Real Estate
Taxes:
R7A (4.0) with a C2-4 Overlay (2.0) Height Limit 80’ 16,200
$144,810 (22/23)
$15,416.48
Description: A 45’ wide vacant lot which has 16,200 buildable square feet. The lot size makes the property a prime development opportunity. A developer can build an eight story apartment building, with two units per floor or one unit per floor. The zoning allows commercial on the first and second floors and apartments above or 100% residential.
The property is located two blocks from the A and C trains on Shepherd Avenue. This gives quick access to Downtown Brooklyn and the Manhattan. The lot size and the the up zoning of the area make the property a prime development opportunity.
ASKING PRICE: $2,025,000
OR $125 PER BUILDABLE SQUARE FOOT
++++++++++++++++++
VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
THE AREA HAS BEEN UPZONED
BROOKLYN, NEW YORK
Location:Between Pitkin and Belmont
Lot Size: 45’ x 90’ (20’ x 90’ 25’ x 90’ Each) 4,050 Square feet
Zoning: (FAR) Total Buildable Square Feet: Assessment: Real Estate
Taxes:
R7A (4.0) with a C2-4 Overlay (2.0) Height Limit 80’ 16,200
$144,810 (22/23)
$15,416.48
Description: A 45’ wide vacant lot which has 16,200 buildable square feet. The lot size makes the property a prime development opportunity. A developer can build an eight story apartment building, with two units per floor or one unit per floor. The zoning allows commercial on the first and second floors and apartments above or 100% residential.
The property is located two blocks from the A and C trains on Shepherd Avenue. This gives quick access to Downtown Brooklyn and the Manhattan. The lot size and the the up zoning of the area make the property a prime development opportunity.
ASKING PRICE: $2,025,000
OR $125 PER BUILDABLE SQUARE FOOT
++++++++++++++++++++++++
VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location: Between Glenmore and Pitkin Avenues
Lot Size: 25’ x 100’ 2,500 Square Feet
Zoning: (FAR)
Total Buildable Square Feet: Assessment:
Real Estate Taxes:
R6A (3.0) Height Limit 70’ 7,500
$3,940 (22/23)
$800.20
Description: A 25’ wide vacant lot which has 7,500 buildable square feet. The lot size makes the property a prime development opportunity. A developer can
build a six story apartment building. The new building can have one or
two apartments per floor.
The property is located one block from the C train on Shepherd & Pitkin
Avenues. This gives quick access to Downtown Brooklyn and the City.
The property is off Pitkin Avenue, which has a lot of stores and
restaurants.
ASKING PRICE: $937,500
OR $125 PER BUILDABLE SQUARE FOOT
+++++++++++++++++
VACANT LOT FOR SALE
EXCELLENT DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
Location: Between Dumont and New Lots Avenues
Lot Size: 40’ x 90’ (20’ x 90’ Each) 3,600 Square Feet
Zoning: (FAR)
Total Buildable Square Feet:
Assessment:
Real Estate Taxes:
R5 (1.25) Height Limit 40’ 4,500
$16,909 (22/23)
$3,461.08
Description: A 40’ wide vacant lot which has 4,500 buildable square feet. The lot size makes the property a prime development opportunity. A developer can
build a four story apartment building. The property can be an eight or
sixteen unit building. The new building can have two or four apartments per
floor.
The property is located one block from the 2, 3 and 4 trains on New Lots
Avenue. This gives quick access to Downtown Brooklyn and the
Manhattan. The property is off New Lots Avenue, which has a lot of stores
and restaurants.
ASKING PRICE: $562,500
OR $125 PER BUILDABLE SQUARE FOOT
drop your email in comment section for info!
0 Comments
0 Shares
594 Views