$3,500,000.00
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
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
| Asset Type | Multifamily |
|---|---|
| City | Brooklyn |
| Neighborhood | Greenpoint |
| Price | $3,500,000 |
| Building Size | 3,550 |
| Cap Rate | 6.1% |
| Net Operating Income | $213,600 |
Development Opportunity on Anthony Ave, Bronx. Property is one block from the Grand Concourse & 179th St. train station which services the B & D trains. Capable of building 120 units
Six story building with 30 units that has 6 one bedrooms, 20 two bedrooms, and 4 three bedrooms. Property has a 15 year 421a Tax Abatement and 18 parking spaces available
Development Opportunity on Findlay Avenue, Bronx. Grant Park and Claremont Park are walking distance from the property. Webster Ave retail corridor is 3 blocks away from the property. Train station on 170th St. is walking distance.
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.
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