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For Sale - Brooklyn - Park Slope


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Property Details:

Price: $3,600,000

Estimated Annual Income: $ Inquire

Property Type: Multi-Family

Lot Dimensions (ft): 19.5 x 100.0

Lot Area: 1,950 sq. ft.

Building Dimensions (ft): 20.0 x 50.0

Building Area: 5,616 sq. ft.


Block/Lot: 01028/0033

BIN: 3389849

Building Class: C3

Stories: 5

Total Units: 4

Corner Lot: No

Buildings on Lot: 1

Year Built: 2003

Landmark: none

Has Garage: no

Year Last Altered: n/a

Residential Units: 4

Residential Area: 5616 sq. ft.

Zoning: R6B

Floor Area Ratio:

Max FAR: 2.0

Useable Floor Area: 5,616 sq. ft.

FAR as Built: 2.88


Neighborhood: Park Slope

Historic District: n/a

Community District: 306

School District: 15

Census Tract: 139

270 12 Street

Nowak & Partners of Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 270 12th Street, a five story multifamily building on 12th Street between 4th Avenue and 5th Avenue in the Park Slope section of Brooklyn, NY. The subject property is built 20 x 50 feet and sits on a 20 x 100 foot lot. The building totals 5,454 gross square feet (including finished basement) and is zoned R6B. The offering consists of four free market apartments. Apartment #1 is a vacant duplex spanning part of the building's basement and the full 1st floor. This unit comes with exclusive backyard access, measures roughly 1,379 square feet and features two bedrooms and two bathrooms. Apartment #2 is occupied and covers the entire second floor. It is roughly 868 square feet with two bedrooms and one bathroom. Apartment #3 is occupied and covers the entire third floor. It is roughly 864 square feet with two bedrooms and one bathroom as well as access to a private balcony. Apartment #4 is an occupied duplex spanning the full fourth and fifth floors of the building. The apartment is roughly 1,420 square feet and has two bedrooms, three bathrooms and access to an exclusive private rooftop patio of approximately 556 square feet. The property was constructed in 2003 and was originally built with a condo conversion in mind. All of the units are in good condition and require minimal capital investment for a condominium conversion. Condo sales in similar walkup buildings in the area have breached $1,200 per square foot, making the subject property an ideal conversion opportunity. The property is three blocks away from both the 4th Ave-9th St "F and G" subway station and the 9th St "D, N, R, W" subway station. The subject property is ideally situated along a tree lined block and steps away from the 5th and 7th Avenue Retail Corridors.

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