147 Van Dyke St
Brooklyn, NY 11231
Industrial Property For Sale

REDUCED $300K
OPPORTUNITY ZONE !!!
The nature of the tax incentive means more patient capital will flow into these areas. The so-called Opportunity Zone capital will have a 10+ year investment horizon, vs. the typical 3-5-year money. The longer hold period will enable the development of more entrepreneurial, innovative and also game-changing projects that require significant patience as the areas around them improve with infrastructure and amenities.
Created under The Tax Cuts and Jobs Act of 2017, Opportunity Zones encourage private investment in distressed communities around the United States. The new regime creates certain tax benefits that are available to investors with capital gains, who invest those gains in a Qualified Opportunity Fund (“QOF”), which in turn invests in so-called “qualified opportunity zone property.” Most importantly, the new rules will provide incentives for investors and developers to seek opportunities in low-income and underserved neighborhoods as well.
An investor needs to invest in a QOF that holds 90% of its assets in a QOZ property. An investor may obtain three types of U.S. federal income tax benefits as a result of investing a capital gain in a QOF:
A temporary deferral of capital gains tax on any gain invested in a QOF; The elimination for tax purposes of a portion of the invested gain upon the 5th and 7th anniversary of the investment in the QOF; and The ability, after holding a QOF investment interest for 10 years, to elect for the basis of that interest to be equal to its fair market value on the date such interest is sold or exchanged, with the result that an investor will not recognize a gain and will not owe any tax on the sale or exchange of its QOF interest.

Convert Red Hook Warehouse to Dream Home/Mixed Use
ARENA PROPERTIES, INC / COCRETE JUNGLE CO-EXCLUSIVE!!!!!!!!
One Story Warehouse Zone R5 / MX-1
lot 20 x 75
blng 20 x 75 ( 1,500 sq ft)
20' ceilings
roll up gate
utilities: gas heat / 3 phase electric 200 amps
•Property sits on 20'x75' lot and is built on entire property line
with an existing 1 story 1500 square foot building w 22’
ceilings.
•It is zoned MX M-1/ R5 (FAR 1.65)
•MX zoning allows commercial usage along with R5 zoning the
maximum allowable floor area for the entire building, including
both uses, is 1.65 x lot size, or 1.65 x 1500 sf. Please see the
relevant sections from Article 21, Chapter 3 listed below concerning
mixed use buildings. Point (a).(4) provides the restriction on the total
floor area in a mixed use building. (Please consult your architect)
Build an additional 975 square feet for a total of 2475 square
feet. What you designate as parking or utility areas does not
count against FAR used.
Red Hook is the Hottest Real Estate market in Brooklyn!!!
Selling at over $1000/sq ft !!!
BRING YOUR ARCHITECT!!!!
Build your dream Home using existing structure, or a mixed use building keeping the ground floor warehouse as retail (can fetch $50/sq ft for retail) and a huge loft up top w roof garden, views of waterfront and city...etc.
NO BROKERS!!!!
ARENA PROPERTIES, INC EXCLUSIVE!!!!!
This property is steps from Van Brunt Street and 2 short blocks to Fairway /waterfront & Valentino Pier/ waterfront.
Cobblestone Street.
Looking to redevelop