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Investment Highlights
- Corner Loft Building With Light, Air and 12 Foot Ceilings
- 467-m Tax Exemption: 30 Year Benefit Available Through June 30, 2028
- No Parking Requirement, No MIH Obligation, UAP Available
- Full Residential Conversion Is Permitted
- Approximately 29 to 36 Apartments On the Conversion Path
- Zero Deferred Maintenance
Executive Summary
The property occupies a hard corner at 53 feet of frontage by 100 feet of depth on a wide street, which gives every floor windows on multiple exposures and light and air that a midblock building of this size cannot match. Ceiling heights average 12 feet across the floor plates. A 5,000 SF rooftop sits above, currently vacant and available for tenant amenity space, an outdoor play or recreation area for a school, terraces for residential units, or building systems.
Ownership has invested approximately $1.85 million since 2020: a new roof, elevator modernization, new windows throughout, all new plumbing risers and new bathrooms, upgraded electrical service, facade repointing and brick replacement, sprinkler system repair, and a new lobby and new entrances. The envelope is dry and re-glazed, vertical transportation is modernized, the building is sprinklered, and power, waste and water lines have been replaced. A buyer is acquiring a repositioned building, not a renovation, and can direct capital to fit-out rather than to base building repair.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- Natural Light
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Approximately 5,000 SF of space located below grade. Provides access to building systems and potential for storage or support functions.
Approximately 5,000 SF of space located below grade. Provides access to building systems and potential for storage or support functions.
Full Elevator access Open Plan and plumbing.
Full 6-story corner building opportunity. Elevator in place that connects to each floor. Minimal column intrusions. Wraparound windows provide natural light/air. Divisions possible. All uses considered - ideal for community facilities, studio/fitness, medical, and storage uses. Prime Mott Haven location with nearby transportation and exposure to highways.
Top Floor full elevator access and plumbing. Bright and open space.
| Space | Size | Space Use | Build-Out | Available |
| Lower Level | 5,000 SF | Office | - | Now |
| 1st Floor | 5,000 SF | Office/Retail | Partial Build-Out | Now |
| 2nd Floor | 5,000 SF | Office/Retail | Partial Build-Out | Now |
| 3rd Floor | 5,000 SF | Office/Retail | Partial Build-Out | Now |
| 4th Floor | 5,000 SF | Office/Retail | Partial Build-Out | Now |
| 5th Floor | 5,000 SF | Office/Retail | Partial Build-Out | Now |
Lower Level
| Size |
| 5,000 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Floor
| Size |
| 5,000 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 5,000 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
3rd Floor
| Size |
| 5,000 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
4th Floor
| Size |
| 5,000 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
5th Floor
| Size |
| 5,000 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
Lower Level
| Size | 5,000 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Approximately 5,000 SF of space located below grade. Provides access to building systems and potential for storage or support functions.
1st Floor
| Size | 5,000 SF |
| Space Use | Office/Retail |
| Build-Out | Partial Build-Out |
| Available | Now |
Approximately 5,000 SF of space located below grade. Provides access to building systems and potential for storage or support functions.
2nd Floor
| Size | 5,000 SF |
| Space Use | Office/Retail |
| Build-Out | Partial Build-Out |
| Available | Now |
Full Elevator access Open Plan and plumbing.
3rd Floor
| Size | 5,000 SF |
| Space Use | Office/Retail |
| Build-Out | Partial Build-Out |
| Available | Now |
4th Floor
| Size | 5,000 SF |
| Space Use | Office/Retail |
| Build-Out | Partial Build-Out |
| Available | Now |
Full 6-story corner building opportunity. Elevator in place that connects to each floor. Minimal column intrusions. Wraparound windows provide natural light/air. Divisions possible. All uses considered - ideal for community facilities, studio/fitness, medical, and storage uses. Prime Mott Haven location with nearby transportation and exposure to highways.
5th Floor
| Size | 5,000 SF |
| Space Use | Office/Retail |
| Build-Out | Partial Build-Out |
| Available | Now |
Top Floor full elevator access and plumbing. Bright and open space.
Property Taxes
| Parcel Number | 02278-0056 | Improvements Assessment | $861,510 |
| Land Assessment | $36,000 | Total Assessment | $897,510 |




















