- Subject property is a three- story multi-family property located in the heart of Bedford-Stuyvesant, Brooklyn.
- Property needs a gut renovation
- Delivered fully vacant.
- The property is located three blocks away from Franklin Avenue [A,C] Subway Line and is surrounded by many restaurants & retailers.
- Asking Price ~ $2,100,000
- Price Per Square Foot ~ $603.45
Investment Sales of Off Market Properties
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- Brand new corner building consisting of 8 residential units, 3 commercial units, office space, and 2 roof decks in the heart of the Bushwick neighborhood of Brooklyn.
- All units are free market.
- The building is elevatored — all separately metered for gas, electric, and hot water.
- Retail will be delivered occupied at closing and with final CO in place.
- The property has a 15-year ICAP Abatement.
- Each unit has a washer & dryer.
- The property is located near Knickerbocker Avenue [M] Train Station.
- Asking Price ~ $6,000,000
- Cap Rate ~ 5.6%
- GRM ~ 13.64
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- Subject property is a mixed-use walk-up building located in the heart of the Port Morris neighborhood of the South Bronx.
- The property is comprised of 2 commercial units & 8 residential units which are all occupied and income producing.
- Surrounded by many new developments and more coming soon, this intersection has heavy foot & vehicle traffic.
- Asking Price ~ $5,000,000
- Cap Rate ~ 4.65%
- GRM ~ 17.3
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- Development opportunity in the Clason Point neighborhood of The Bronx.
- Properties consist of 22,837 buildable square feet in total.
- Asking Price ~ $1,400,000
- Price Per Buildable Square Foot ~ $61.30
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- Two-story mixed-use building in the Wakefield neighborhood of The Bronx.
- Property consists of two residential units and one commercial unit.
- Deli pays 25% of the taxes.
- Property is steps away from 233rd Street [2,5] Train Station.
- Asking Price ~ $1,100,000
- Cap Rate ~ 6.07%
- GRM ~ 14.3
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- A mixed-use conversion opportunity on the southeast corner of 5th Avenue & 19th Street in Greenwood Heights, Brooklyn.
- The 10,200 square foot lot features 120’ frontage on 5th Avenue and is currently 23,400 square feet structure shell.
- The plans call for a conversion of the corner building into 12 residential units above retail, while the mid-block portion will become a 6-story building with 18 units above retail.
- In total, the new project will consist of 39,109 gross square feet, of which, 30,134 square feet will be above grade.
- The subject property is a one-minute drive to both the Gowanus and Prospect Expressways, allowing nearly unfettered access to Manhattan, Queens, New Jersey and Long Island.
- It is also located 0.3 miles from the Prospect Avenue D, R and W Train Station, which provides transportation into lower Manhattan in less than 20 minutes.
- Asking Price ~ $12,000,000
- Price Per Square Foot ~ $512.82
- Price Per Buildable Square Foot ~ $392.16
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- Four story multi-family building in the Flatbush neighborhood of Brooklyn.
- Building consists of 16 units.
- Property is walking distance from Newkirk Avenue – Little Haiti [2,5] Train Station.
- Asking Price ~ $2,600,000
- Cap Rate ~ 5.6%
- GRM ~ 11.2
- Price Per Square Foot ~ $196.97
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- 15,047 square foot corner retail property in Springfield Gardens
- Building has a 10-year net lease with Dollar Tree (Until Jan. 2026) – has 2 -5 year options and a 10% rental increase in each option.
- Property also has parking for 9 cars.
- Property was completely renovated in 2016.
- Asking Price ~ $5,650,000
- Cap Rate ~ 5.3%
- Price Per Square Foot ~ $375.49
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- The property is a mixed-use building situated on three contiguous lots in the Jamaica neighborhood of Queens.
- The building is two stories high and consists of nine units in total.
- There are 6 residential units and 3 commercial units.
- Asking Price ~ $4,200,000
- Cap Rate ~ 5.4%
- GRM ~ 17.3
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- Retail building consisting of 4 units in the Allerton neighborhood of The Bronx.
- The laundromat’s lease started in 2019.
- The laundromat has 10% escalations every five years.
- Property is located a block away from Allerton Avenue [2,5] Train Station.
- Asking Price ~ $3,650,000
- Cap Rate ~ 5.4%
- GRM ~ 14.9
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- Development opportunity consisting of 4,450 buildable square feet.
- Property will be delivered vacant.
- Property is located near Myrtle Av/Carlton Av [B54] Bus Stop.
- Property is located near DeKalb Avenue [B,Q,R] Train Station.
- Price ~ $1,250,000
- Price Per Buildable Square Foot ~ $280.89
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- Four story mixed-use building in the Park Slope neighborhood of Brooklyn.
- Property consists of three residential units & one commercial building.
- Property will be delivered vacant.
- Property is located two blocks away from Union Street [R] Train Station.
- Price ~ $2,700,000
