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Redevelopment or Owner use(Off-Market) 1611 E New York Ave 8,500 SF 100% Leased Retail Building Brooklyn, NY 11212 For Sale
INVESTMENT HIGHLIGHTS
- Tax Class: 4-Commercial or Industrial.
EXECUTIVE SUMMARY
Requirement: Developer/Investor must sign the "Confidentiality Agreement" prior to receiving additional information.
1611 East New York Ave presents a compelling redevelopment opportunity in a densely populated Brooklyn corridor with strong residential demand and improving neighborhood fundamentals. The site is well-positioned for a midrise residential-led project with retail or community space at street level, targeting renters and owner-occupiers seeking transit-accessible housing and neighborhood services. The project offers upside via unit mix optimization, adaptive reuse (if existing structure is salvageable), and modern amenity packages that outperform older stock.
1611 East New York Ave presents a compelling redevelopment opportunity in a densely populated Brooklyn corridor with strong residential demand and improving neighborhood fundamentals. The site is well-positioned for a midrise residential-led project with retail or community space at street level, targeting renters and owner-occupiers seeking transit-accessible housing and neighborhood services. The project offers upside via unit mix optimization, adaptive reuse (if existing structure is salvageable), and modern amenity packages that outperform older stock.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
8,500 SF
Building Class
C
Year Built
2005
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.85
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
R7A - The floor area ratio (FAR) in R7A districts is 4.0. Above a base height of
40 to 65 feet, or 75 feet if providing a qualifying ground floor,
Frontage
96’ on New York Ave
AMENITIES
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Gordon C. Davis, D.O.
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Gordon C. Davis, D.O. | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (88)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01455-0050 | Improvements Assessment | $359,550 |
| Land Assessment | $145,800 | Total Assessment | $505,350 |
PROPERTY TAXES
Parcel Number
01455-0050
Land Assessment
$145,800
Improvements Assessment
$359,550
Total Assessment
$505,350
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Redevelopment or Owner use(Off-Market) | 1611 E New York Ave
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