Low Expense High Income Portfolio

For Sale

$8,200,000

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Portfolio Details:

Price: $8,200,000

Estimated Annual Income: $ Inquire

Number of Properties: 4

Total Units: 14

Low Expense High Income Portfolio

Description: Four properties that where recently renovated. Three of the properties are located in Prospect Heights and one is located in Ocean Hill. All properties have: Separate heating Low taxes Strong income potential 994 Atlantic Ave has a retail lease that is expiring in March 2018. By combining with neighboring 992 Atlantic Ave, there will be 40ft of frontage to bring to the market. In addition, the properties on Atlantic Ave fall within an industrial zone that is expected to be rezoned in the future. While the current zoning is M1-1 (FAR 1.0), the Community Board has proposed for the area to be rezoned to R7D (Inclusionary FAR 5.6). If enacted, rezoning to R7D would permit construction of a 17,920 square foot mixed use property.

589A Washington Avenue

Property Details:

Property Type: Multi-Family

Lot Dimensions (ft): 37.08 x 99.0

Lot Area: 2,036 sq. ft.

Building Dimensions (ft): 37.08 x 42.3

Building Area: 7,838 sq. ft.

Building:

Block/Lot: 01132/0008

BIN: 3000000

Building Class: D1

Stories: 5

Total Units: 5

Corner Lot: No

Buildings on Lot: 1

Year Built: 2010

Landmark: none

Has Garage: no

Year Last Altered: 2007

Residential Units: 5

Residential Area: 7838 sq. ft.

Zoning: R6A

Floor Area Ratio:

Max FAR: 3.0

Useable Floor Area: 7,838 sq. ft.

FAR as Built: 3.85

Neighborhood:

Neighborhood: Crown Heights

Historic District: n/a

Community District: 308

School District: 13

Census Tract: 203

992 Atlantic Avenue

Property Details:

Property Type: Mixed Use

Lot Dimensions (ft): 20.0 x 80.0

Lot Area: 1,600 sq. ft.

Building Dimensions (ft): 20.0 x 40.0

Building Area: 2,600 sq. ft.

Building:

Block/Lot: 01125/0007

BIN: 3027542

Building Class: S2

Stories: 3

Total Units: 3

Corner Lot: No

Buildings on Lot: 1

Year Built: 1930

Landmark: none

Has Garage: no

Year Last Altered: n/a

Residential Units: 2

Residential Area: 1600 sq. ft.

Zoning: M1-1

Floor Area Ratio:

Max FAR: 2.4

Useable Floor Area: 2,600 sq. ft.

FAR as Built: 1.63

Neighborhood:

Neighborhood: Crown Heights

Historic District: n/a

Community District: 308

School District: 17

Census Tract: 305

994 Atlantic Avenue

Property Details:

Property Type: Mixed Use

Lot Dimensions (ft): 20.0 x 80.0

Lot Area: 1,600 sq. ft.

Building Dimensions (ft): 20.0 x 40.0

Building Area: 3,176 sq. ft.

Building:

Block/Lot: 01125/0008

BIN: 3027543

Building Class: S2

Stories: 3

Total Units: 3

Corner Lot: No

Buildings on Lot: 1

Year Built: 1930

Landmark: none

Has Garage: no

Year Last Altered: n/a

Residential Units: 2

Residential Area: 2096 sq. ft.

Zoning: M1-1

Floor Area Ratio:

Max FAR: 2.4

Useable Floor Area: 3,176 sq. ft.

FAR as Built: 1.99

Neighborhood:

Neighborhood: Crown Heights

Historic District: n/a

Community District: 308

School District: 17

Census Tract: 305

2017 Fulton Street

Property Details:

Property Type: Mixed Use

Lot Dimensions (ft): 19.5 x 52.0

Lot Area: 1,050 sq. ft.

Building Dimensions (ft): 19.5 x 50.0

Building Area: 2,925 sq. ft.

Building:

Block/Lot: 01537/0002

BIN: 3041787

Building Class: S2

Stories: 3

Total Units: 3

Corner Lot: No

Buildings on Lot: 1

Year Built: 1910

Landmark: none

Has Garage: no

Year Last Altered: n/a

Residential Units: 2

Residential Area: 1950 sq. ft.

Zoning: R6

Floor Area Ratio:

Max FAR: 4.8

Useable Floor Area: 2,925 sq. ft.

FAR as Built: 2.79

Neighborhood:

Neighborhood: Bedford-Stuyvesant / Bed Stuy

Historic District: n/a

Community District: 316

School District: 23

Census Tract: 371

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