2696
THREE STORY CORNER MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/DEVELOPMENT/USER OPPORTUNITY
OPPORTUNITY ZONE
LIBERTY AVENUE
BROOKLYN, NEW YORK
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..
Unit Description Unit Type Rev Projected
1st Fl: Funeral Commercial Owner $6,250
2nd Fl: 2 Bd Apt Free Market $1,268 $2,350
1 Bd Apt Free Market $1,268 $1,875
Projected Monthly Income: $2,536 $10,475
Projected Annual Income: $30,432 $125,700
Expenses:
Real Estate Taxes: $25,132.04 Water & Sewer: $3,200.00 Insurance: $4,200.00 Heat (Gas): $3,200.00 Electric: (common areas) $1,200.00
Repairs & Maintenance: Total Annual Expenses
$2,800.00 $39,732.04
Projected Net Operating Income: $85,967.96
THREE STORY CORNER MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/DEVELOPMENT/USER OPPORTUNITY
OPPORTUNITY ZONE
LIBERTY AVENUE
BROOKLYN, NEW YORK
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..
Unit Description Unit Type Rev Projected
1st Fl: Funeral Commercial Owner $6,250
2nd Fl: 2 Bd Apt Free Market $1,268 $2,350
1 Bd Apt Free Market $1,268 $1,875
Projected Monthly Income: $2,536 $10,475
Projected Annual Income: $30,432 $125,700
Expenses:
Real Estate Taxes: $25,132.04 Water & Sewer: $3,200.00 Insurance: $4,200.00 Heat (Gas): $3,200.00 Electric: (common areas) $1,200.00
Repairs & Maintenance: Total Annual Expenses
$2,800.00 $39,732.04
Projected Net Operating Income: $85,967.96
2696
THREE STORY CORNER MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/DEVELOPMENT/USER OPPORTUNITY
OPPORTUNITY ZONE
LIBERTY AVENUE
BROOKLYN, NEW YORK
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..
Unit Description Unit Type Rev Projected
1st Fl: Funeral Commercial Owner $6,250
2nd Fl: 2 Bd Apt Free Market $1,268 $2,350
1 Bd Apt Free Market $1,268 $1,875
Projected Monthly Income: $2,536 $10,475
Projected Annual Income: $30,432 $125,700
Expenses:
Real Estate Taxes: $25,132.04 Water & Sewer: $3,200.00 Insurance: $4,200.00 Heat (Gas): $3,200.00 Electric: (common areas) $1,200.00
Repairs & Maintenance: Total Annual Expenses
$2,800.00 $39,732.04
Projected Net Operating Income: $85,967.96
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