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Brooklyn, NY, 11211 • Williamsburg • Kings County
$1504/sqft
Down payment assistance available
5Beds
1Baths
3,500Sqft
1910Built
Character Home
Built 1910 · 116 years of history
Williamsburg
Williamsburg
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Listed 8 days ago · 231 views · 3 saves
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8 days on market
Recently listed
$1,504/sqft
Price per square foot
Multi Family · Built 1910 · Historic
Vacant Brick Mixed Use Built 25’ x 95’ on Ground Floor with Full Usable Basement | 25' x 45' on Upper 2 Floors | Approx 3,500 SF Above Grade | Situated on a 25’ x 100’ Lot Fully leasable “Covered Land Play” Vacant Building with HVAC already separated and pass-through to each unit. Projection of $250,000 of NOI in as-is shape. 7,500 BSF as of right (3.0 FAR, R6A/MX-8) with an additional 2,250 Market Rate BSF Certificates Secured by Developer for Use “on site” or within “same community board district” for a total of 9,750 BSF Perfect Live Plus Income Opportunity or Townhouse Redevelopment with Art Gallery on Ground Floor & Retain Air Rights (both excess as of right and the 2,250 BSF additional market rates certs purchase and secured by seller) Ideal for a developer in a 1031 exchange that needs to “park” rollover gains in a future development site.
Based on current rates
Est. 6.87% rate · 30yr fixed · $4,212,000 loan
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3 schools rated nearby
Brooklyn, NY, 11211
3 events
11 years of records
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Brooklyn, NY • Kings County
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