1645 E New York Ave
Brooklyn, NY 11212
Ocean Hill
HIGHLIGHTS
- Development Potential: Zoned R7A with a C2-4 overlay, the property allows for 8,400 buildable SF as-of-right.
- Opportunity Zone: Located within a federally designated Opportunity Zone, providing substantial tax incentives, including deferral, reduction.
- Affordable Entry Point: Asking price of $950,000 equates to under $113 per buildable SF as-of-right, competitive for Brooklyn development sites.
- City of Yes: FAR increase from 4.00 to 5.01 under proposed zoning initiative.
FOR SALE DETAILS
PRICE
$950,000 USD
PRICE/SF
$762 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
1645 E New York Ave
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
UTILITIES
Lighting, Sewer
CLEAR CEILING HT
-
DOCKS
-
DRIVE INS
2
PARKING SPACES
8
LAND DETAILS
LAND ACRES
0.05
LAND SF
2,178
ZONING
R7A, C2-4
APN/PARCEL ID
01450-0045
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
646-802-0548
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
646-802-0548
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
