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Storefront Retail Residential For Sale • 4,035 SF
| Large Residential Unit Layouts: Corner exposure allows for ideal unit layouts, with upper floors consisting of four floor-through 4 Bedroom / 4 Bath |
| 100% Free Market: The subject property is fully free-market with no history of rent stabilization or rent control |
| Strong Cash Flow: Currently grossing $400K with low taxes and separate utilities, resulting in healthy net operating income of $335K |
| Renovated With High-End Finishes: The buildings are fully renovated with high-end appliances and fixtures, dishwashers, central air, in-unit laundry |
| Available Air Rights: The properties are zoned C4-4L (R7A residential equivalent), with 7,250+ SF of unused air rights for upward or outward expansion |
| Transit Oriented Location: The J / M / Z trains are just two blocks away at Myrtle Avenue with access to Lower Manhattan and Broadway Junction |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Relax Body Care Spa |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) | 7 min | - | 2.2 mi |
| East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) | 6 min | - | 2.4 mi |
| Transit/Subway | Drive | Walk | Distance |
| Myrtle Avenue (J - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway)) | 0 min | 2 min | 0.1 mi |
| Kosciuszko Street (J - New York MTA Subway (The Subway)) | 2 min | 6 min | 0.3 mi |
| Central Avenue (M - New York MTA Subway (The Subway)) | 1 min | 9 min | 0.4 mi |
| Flushing Avenue (J,M Line) (J - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) | 1 min | 9 min | 0.5 mi |
| Morgan Avenue (L - New York MTA Subway (The Subway)) | 4 min | 17 min | 0.9 mi |
| Airport | Drive | Walk | Distance |
| LaGuardia | 18 min | - | 8.3 mi |
| John F Kennedy International | 23 min | - | 10.6 mi |
| Newark Liberty International | 29 min | - | 16.1 mi |
DJ Johnston
Matthews Real Estate Investment Services
DJ Johnston
Matthews Real Estate Investment Services
