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1520 Decatur St - 20K Block-Through Lot with Creative Purchase 0.46 Acres of Commercial Land Offered at $6,750,000 in Ridgewood, NY 11385
INVESTMENT HIGHLIGHTS
- Block-Through Lot on Bushwick-Ridgewood Border
- Close to geographic center of NYC and great for distribution
- Ownership Open to Creative Sale or Lease Concepts (e.g. Lease-to-Own, Owner-Financing)
- ~40k BSF for Commercial and ~130k BSF for Community Facility
EXECUTIVE SUMMARY
This opportunity only blocks from the L train at the Halsey stop and the area is continuing its upward trajectory for popularity and foot traffic.? The site benefits from M1-4 zoning and offers an FAR of 2 and ~40k BSF for commercial, as well as an FAR of 6.5 and ~130k for community facility development.?
Ownership is open to various creative options including but not limited to owner-financing and lease-to-own.? Feel free to reach out to Nathan.?Horne@Compass.?com/706-255-5657 to discuss these possibilities, to make an offer, or with any questions.?
PROPERTY FACTS
| Price | $6,750,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.46 AC |
| Property Type | Land | ||
| Zoning | M1-4 - Commercial FAR of 2, Community Facility FAR of 6.5 | ||
| Price | $6,750,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.46 AC |
| Zoning | M1-4 - Commercial FAR of 2, Community Facility FAR of 6.5 |
1 LOT AVAILABLE
Lot
| Price | $6,750,000 | Lot Size | 0.46 AC |
| Price Per AC | $14,763,521.20 |
| Price | $6,750,000 |
| Price Per AC | $14,763,521.20 |
| Lot Size | 0.46 AC |
M1-4: Commercial FAR of 2, Communifty Facility FAR of 6.5
DESCRIPTION
Compass has been retained on an exclusive basis to arrange the lease, sale, or lease-to-own of 1518 Decatur Street, a ~20k SF of block-through fully paved lot on the Ridgewood-Bushwick border. With nearly 125' of frontage on Decatur St and 33' of frontage on Cooper Ave, this is a unique opportunity with many potential uses as is -- a perfect set up for distributor to run a seamless one-way operation, a great layout for large-vehicle parking and charging stations, outdoor retail concepts such as paddle sports or an eating/drinking establishment similar to thriving Nowadays across the street – as well as for commercial or large scale community facility development. This opportunity only blocks from the L train at the Halsey stop and the area is continuing its upward trajectory for popularity and foot traffic. The site benefits from M1-4 zoning and offers an FAR of 2 and ~40k BSF for commercial, as well as an FAR of 6.5 and ~130k for community facility development. Ownership is open to various creative options including but not limited to owner-financing and lease-to-own.? Feel free to reach out to Nathan.?Horne@Compass.?com/706-255-5657 to discuss these possibilities, to make an offer, or with any questions.?
PROPERTY TAXES
| Parcel Number | 03542-0019 | Improvements Assessment | $0 |
| Land Assessment | $585,360 | Total Assessment | $585,360 |
PROPERTY TAXES
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1520 Decatur St - 20K Block-Through Lot with Creative Purchase
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