$1,950,000 USD
914-561-8609
HIGHLIGHTS
- Value-Add Opportunity: There is significant upside in the rent roll that can be unlocked via renovations.
- Fully Free-Market: The property is fully free market, allowing future ownership to capitalize on neighborhood improvement.
- Available Air Rights: There are roughly 1,375 available air rights for future expansion, development, or disposition.
- Tax Class Protection: Designated as a 2A Tax Class property, capping tax increases at 8% annually or 30% over five years.
- Transit-Oriented Location: Just two to four blocks from J, Z, M and L train, providing direct access to Williamsburg, Manhattan, and beyond.
FOR SALE DETAILS
PRICE
$1,950,000 USD
PRICE/SF
$473 USD /SF
CAP RATE
8%
% LEASED
100%
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1931
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.06 AC
LAND SF
2,500 SF
ZONING
R6
APN/PARCEL ID
03332-0035
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914-561-8609
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914-561-8609
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