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1697 E New York Ave 2,000 SF 100% Leased Retail Building Brooklyn, NY 11212 $950,000 ($475/SF) 5.37% Cap Rate
Investment Highlights
- R7A zoning
Executive Summary
R7A zoning. Excellent opportunity for investors to own a semidetached mixed use property with a full basement in a very convenient location. Close to public transportation, including several subway lines and buses. The building features a commercial space on the ground floor that is subject to a ground lease with approximately four years remaining, plus one residential apartment on the second floor with four bedrooms, living room, dining room, kitchen, and one bath. The second floor will be delivered vacant. Great potential.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,000 SF
Building Class
B
Year Built
1901
Price
$950,000
Price Per SF
$475
Cap Rate
5.37%
NOI
$51,000
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.88
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
R7A - Medium-density apartment house district with lower parking requirements
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01444-0041 | Improvements Assessment | $34,920 |
| Land Assessment | $5,760 | Total Assessment | $40,680 |
Property Taxes
Parcel Number
01444-0041
Land Assessment
$5,760
Improvements Assessment
$34,920
Total Assessment
$40,680
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1697 E New York Ave
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