165 Newport St - Freestanding FOR SALE


Brooklyn, NY 11212- Brownsville
$1,225,000 USD
716-604-5763
165 Newport St, Brooklyn, NY for Sale
$1,225,000 USD
Freestanding - FOR SALE
1/11
null | 11.47% Cap Rate

165 Newport St
Brooklyn, NY 11212
Brownsville


HIGHLIGHTS

  • Two-Building Corner Assemblage
  • 7,200 Gross Square Feet | Delivered Vacant
  • Investor or Owner-User Opportunity
  • Sub $175/SF

OVERVIEW

The Peters Team is pleased to present 165 Newport Street & 486 Chester Street — a two-building, two-story, redevelopment or mixed-use retail assemblage on a single Brownsville block. The corner building offers ground-floor retail with second-floor warehouse, paired with an adjacent garage/auto-repair structure. Delivered together, the ±7,200 SF assemblage suits an owner-user or an investor repositioning the space at a sub-$175/SF basis. With R6 zoning, and available neighboring agreements for light and air, a buyer could maximize the use of affordable UAP apartments here. Delivered Vacant

FOR SALE DETAILS

PRICE

$1,225,000 USD

PRICE/SF

$175 USD /SF

CAP RATE

11.47%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

165 Newport St & 486 Chester Street

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

undefined, Auto Repair, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,000 SF

ZONING

R6

APN/PARCEL ID

03601-0001

ASK ABOUT THIS PROPERTY

Matthew PetersMarcus & MillichapMore Info
716-604-5763

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Matthew PetersMarcus & MillichapMore Info
716-604-5763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.