335-341 Nostrand Ave
Brooklyn, NY 11216
Retail Property For Sale

Four newly built structures slated to be finished in spring of 2018, on four adjoining lots in Brooklyn, zip code: 11216. There is a non-step-in tax abatement: Taxes are projected at $4800 a year. These properties will pull from the 421-tax abatement, and will continue to pay very low taxes for full 15 year period. Since these buildings are new construction, there are no rent-controlled units, and no requirement to allocate low-income housing. The four adjoining lots that are each 20x100 and hold this newly built development, equaling four buildings totaling 22,800 square feet each building measuring 20x71. There are a total of 24 Units; 4 commercial units and 20 residential units. Each commercial unit is approx. 1342 square feet and has an attached yard and a 930 square foot designated cellar space. There are 20 residential units that consist of 4 Penthouse units that are 3 bedrooms and 2 baths with outdoor space and approx 1234 sqft, 4 Two Bedroom Apartments at approx 995 square feet,4 One Bedroom apartments 627sqft, and 8 Studios at 486sqft each. All apartments have grade A finishes. NOTE: a small portion of the original foundation was maintained to circumvent filings and is not beholden to new construction criteria statues.