Log In/Sign Up
Your email has been sent.
Free Market/Corner Mixed-Use Bldg,Fort Greene 155 Washington Park 4 Unit Apartment Building $3,700,000 ($925,000/Unit) Brooklyn, NY 11205
INVESTMENT HIGHLIGHTS
- FREE MARKET
- ON FORT GREENE PARK
- CORNER PROPERTY
- TAX CLASS PROTECTED
- 85 FT FRONTAGE PARK FRONT
EXECUTIVE SUMMARY
TerraCRG has been retained to exclusively represent ownership in the sale of 155 Washington Park, which is located on the best block in Fort Greene. The corner property is located directly on Fort Greene Park with 85 ft of frontage facing the park. The property presents the extremely rare opportunity to buy both retail and free market residential units directly facing the entrance to Fort Greene Park.
The building consists of 2 Free Market Residential Units and 2 Retail Units. Both residential units are full floor 3-bedroom units that have an entrance on Washington Park. The corner retail store has an entrance directly on the corner of Myrtle Avenue and the second retail store has an entrance on Washington Park and would be ideal for a coffee shop/café use.
After renovation, the property should have a gross income of ~$273K. The property also has very low expenses as the property is Tax Class Protected and the annual taxes are $5,181.
Both residential units should achieve at least $5,500/month in rent after renovation as they are 3- bedroom units with windows on three sides with park views.
The property is located in the heart of some of best bars, restaurants and cafes, including: LaRina Pastificio & Vino, Walter’s, Dick & Jane’s, Colonia Verde etc.
The building consists of 2 Free Market Residential Units and 2 Retail Units. Both residential units are full floor 3-bedroom units that have an entrance on Washington Park. The corner retail store has an entrance directly on the corner of Myrtle Avenue and the second retail store has an entrance on Washington Park and would be ideal for a coffee shop/café use.
After renovation, the property should have a gross income of ~$273K. The property also has very low expenses as the property is Tax Class Protected and the annual taxes are $5,181.
Both residential units should achieve at least $5,500/month in rent after renovation as they are 3- bedroom units with windows on three sides with park views.
The property is located in the heart of some of best bars, restaurants and cafes, including: LaRina Pastificio & Vino, Walter’s, Dick & Jane’s, Colonia Verde etc.
PROPERTY FACTS Under Contract
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 02072-0021 | Improvements Assessment | $190,440 |
| Land Assessment | $11,580 | Total Assessment | $202,020 |
PROPERTY TAXES
Parcel Number
02072-0021
Land Assessment
$11,580
Improvements Assessment
$190,440
Total Assessment
$202,020
CONTACTS
-
Matthew Cosentino -
Remi Norris -
Daniel Marks -
TerraCRG Brooklyn Commercial Real Estate
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Free Market/Corner Mixed-Use Bldg,Fort Greene | 155 Washington Park
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.