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103 Vanderveer St 2 Unit Apartment Building $950,000 ($475,000/Unit) Brooklyn, NY 11207
Investment Highlights
- Approved Plans: The DOB has approved plans for a 4-story, 8-unit multifamily building totaling ±5,470 SF of net residential area
- City of Yes / UAP Development: UAP bonus affords an FAR increase to 3.90, allowing for up to 9,750 BSF in exchange for affordability requirements
- Public Transportation: Just 2 blocks from the L-train at the Bushwick/Aberdeen stop, and 5 blocks from the A/C/J/Z/LIRR trains at Broadway Junction
- As of Right Development: R6 zoning designates base FAR of 2.20 (narrow street), allowing for up to ±5,500 buildable SF as of right
- Delivered Vacant: The property will be delivered vacant at closing, providing a clean slate for development
Executive Summary
Broker of Record
Cory Rosenthal
License # 10311210106, 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Cory Rosenthal
License # 10311210106, 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Property Facts
| Price | $950,000 | Building Class | C |
| Price Per Unit | $475,000 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 1,800 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R6 - Medium density residential district | ||
| Price | $950,000 |
| Price Per Unit | $475,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 1,800 SF |
| No. Stories | 2 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
| Zoning | R6 - Medium density residential district |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
1 1
Very walkable
80/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 03471-0032 | Improvements Assessment | $0 |
| Land Assessment | $105,750 | Total Assessment | $105,750 |
Property Taxes
Parcel Number
03471-0032
Land Assessment
$105,750
Improvements Assessment
$0
Total Assessment
$105,750
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103 Vanderveer St
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