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142 Neptune Ave
Brooklyn, NY 11235
Retail Property For Sale
Investment Highlights
- This property is an excellent choice for the owner-user or investor.
Executive Summary
The property is located in Prime Brighton Beach area of South Brooklyn. Semi-detached Mixed-Use brick buildings totaling 2,536 SF with a storefront/retail unit, 4 BDR and a Studio apartments plus finished basement with a private entrance. Building Situated on an 18 x 46 on a 22 x 63 lot. The second floor features a foyer, spacious living room, kitchen, primary bedroom, and three additional good-sized bedrooms. The ground floor is currently used as a barbershop. Next to all public transportation, shopping, schools, parks, places of worship. It is in the short distance to the both Sandy Brighton and Manhattan Beaches, Brighton Beach Board Walk and Emmons Ave promenades with all the attractions and restaurants. It comes with substantial upside potential in the rent income increase and available air rights, may be used to expand the building (please advice architect).
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,536 SF
Building Class
C
Year Built
1930
Price
$1,499,000
Price Per SF
$591.09
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.50
Lot Size
0.02 AC
Zoning
R6, Brooklyn (S2) - a medium-density residential district that allows for multi-family apartment buildings, with development options
Property Taxes
| Parcel Number | 08701-0016 | Improvements Assessment | $39,180 |
| Land Assessment | $9,480 | Total Assessment | $48,660 |
Property Taxes
Parcel Number
08701-0016
Land Assessment
$9,480
Improvements Assessment
$39,180
Total Assessment
$48,660
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