585 - 587 Manhattan Avenue - Map blueView Map

For Sale - Brooklyn - Greenpoint


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Property Details:

Price: $1,774,780

Estimated Annual Income: $108,000

Property Type: Commercial

Lot Dimensions (ft): 50.0 x 200.0

Lot Area: 10,000 sq. ft.

Building Dimensions (ft): 25.0 x 61.0

Building Area: 13,800 sq. ft.


Block/Lot: 02679/0024

BIN: 3066718

Building Class: F9

Stories: 2

Total Units: 2

Corner Lot: No

Buildings on Lot: 1

Year Built: 1931

Landmark: none

Has Garage: no

Year Last Altered: n/a

Residential Units: 0

Residential Area: 0 sq. ft.

Zoning: R6A

Floor Area Ratio:

Max FAR: 3.0

Useable Floor Area: 13,800 sq. ft.

FAR as Built: 1.38


Neighborhood: Greenpoint

Historic District: n/a

Community District: 301

School District: 14

Census Tract: 569

585 - 587 Manhattan Avenue

- Retail condominium with ~35 feet of high visibility frontage on Manhattan Avenue, Greenpoint’s main retail corridor - Nearly 15-foot ceilings on the ground floor - The condo spans two levels in a brand new luxury development - Leased to a wine bar for a 10-year term with a 5-year option. After the abated rent of $102,000 in year one, the rent will rise to $108,000 in year two with 3% annual increases thereafter -Nassau Avenue G train station (3 million riders annually) is on the same block and several CitiBike locations are in the immediate vicinity - Unparalleled location on Manhattan Avenue surrounded by neighborhood favorites including Five Leaves, Torst, Spritzenhaus, Frankels, Peter Pan Donuts, Charlotte Patiserie and Greenpoint Fish & Lobster among dozens of other bars and restaurants

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