17 & 19 Division Place, Brooklyn, NY, 11222

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17 & 19 Division Place, Brooklyn, NY, 11222

$3,500,000.00

  • Total Built: 3,550 SF
  • Total Buildable as of Now: 5,187 SF
  • Total Buildable when Rezoned: 10,374 SF 

Tenants pay for their own utilities and gas. Properties are located in a proposed rezoning area for R6B zoning which bumps up the FAR to 2.0 for commercial & residential. Walking distance to the Graham Ave [L] Train and the Nassau Ave [G] Train

Map

Details

Investors have the opportunity to invest into two properties that have existing cash flow with intact as of right air rights that can be developed in the future. Properties have been recently renovated. The electrical wiring has been redone

Additional Information

Asset Type

Multifamily

City

Brooklyn

Neighborhood

Greenpoint

Price

$3,500,000

Building Size

3,550

Cap Rate

6.1%

Net Operating Income

$213,600

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Our strong relationships with national retailers & office tenants, the broader real estate community, brokers, contractors, architects, engineers, attorneys, and local municipalities offer significant benefits to property owners. We're proud to provide the most comprehensive investment sales, leasing, and property management services across Metropolitan New York and Long Island.

Contact Info

215-15 Northern Boulevard,
3rd Floor
Bayside, NY 11361

Phone: 646.586.2091

Fax: 646.767.6790

Web: www.assetcrg.com