Realty Advisors Group is pleased to offer this opportunity to purchase this well positioned mixed-use property on one of Brooklyn' s most vibrant retail corridors. The retail space has a new lease in place with a restaurant paying $3200 per month plus 1/3 of the real estate taxes and 75% of the water/sewer bill. The tenants have 6 months of security as a deposit and there is a negotiated demolition agreement in place that could allow a future owner to convert the property to a high FAR development site. There are two apartments on the second floor a one bedroom and a two bedroom. The two bedroom is currently vacant and the one bedroom will be delivered vacant effective March 1, 2015 per stipulation agreement. The purchase price represents a projected cap rate of 7.4% which offers a great opportunity to acquire this cash-flow positive, mixed-use building on one of Brooklyn' s best retail corridors.
This building consist of 5 stories solid brick building, it's constructed for manufacturing and storage with heavy loads of steel metal machinery, has 2 high capacity freight elevators with 2000 lbs & 10,000 lbs loads, 3 interior loading docks, 7 bathrooms, the ceiling height is about 14 feet. This is the tallest warehouse building in the area, bright of nature light and you can view the 278 (BQE) Brooklyn/Queens Expressway just under your clear view. The building might qualify for the building and your business for various tax incentives. The roof top were leased to the cell phone company for the rental income that apply or contribute to reduces the real estate taxes almost in half. This building can be deliver vacant during closing, it's now occupied by owner/user.
A four-story, walk-up mixed-use building consisting of six residential units and one commercial unit. The Laundromat business has been purchased by the building owner, the retail can be delivered with the business intact or vacated. The current rents are below market value.
Enormous Clinton Hill Mixed Use Warehouse For sale 8,730 square feet with air rights to build up to 11,000 ft2, this fantastic opportunity is awaiting you! Currently configured as two huge residential lofts, a caretakers unit and a commercial space. Two story warehouse has fantastic high ceilings and FAR left over to expand. With 50 ft of street frontage, two curb cuts, and beautiful prewar details this loft building is beyond unique. The street level commercial unit is currently leased to Sacred Yoga Studio, and has entrances to the residential spaces. The second story features two enormous 2200+ sq ft loft apartments leased to tenants until mid 2015. An additional townhouse style triplex bonus space, currently used as a caretaker' s unit, is accessible from the street level through a separate entrance. With very low operating expenses ($14k/yr taxes) and residential leases expiring in 2015, this building is an investor or end users dream! The building also has a C of O (S2-Mixed use two fam with store), a 10 year old roof and new mechanicals from 2006. All
Price Upon Req.1,433 SF
Two contiguous corner lots consisting of 34,924 sf (based on r7-1 community f.a.r of 4.8) of development rights.
GREAT FOR DEVELOPMENT! ZONING R6, PRESENTLY USED AS AN AUTOMOBILE REPAIR SHOP.
Located on Southeast Corner of Pennsylvania Ave and Glenmore Ave 14 Years Remaining on Lease Current NNN Rent- $104372.40 ($8,697.70 monthly rent) Annual 2.5% Escalations 6% Cap
retail, mix use building. Principals Only please.
A once in a lifetime opportunity to own a piece of history. This 25 foot wide former Firehouse in Ft. Greene is zoned for Professional/office/medical use. Built in the 1930's this solid brick building has a glass tower condominium residences. This office space located at ground level consists of 2,800 square feet of work space equipped with a seven ton HV/AC unit on the roof, two bathrooms and small yard. The Garage now fits one-car.. This building is aesthetically pleasing and fits well into its Ft. Greene neighborhood which has undergone a major renaissance. The space has a garden and garage.