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501 Ditmas Ave
Brooklyn, NY 11218
Retail Property For Sale
Investment Highlights
- Profitable Retail Tenancies along Ditmas Avenue
- Excellent visibility
- Potential for 3.0 FAR Residential, Commercial, or Mixed Use
- Office lobby with elevator on East 5th Street
Executive Summary
Highly visible office and retail property in excellent condition with exceptional signage; steady income from ground floor retail tenants. Potential residential or mixed use redevelopment project at 3.0 Residential and Commercial FAR.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
20,000 SF
Building Class
C
Year Built
1924
Price
$10,500,000
Price Per SF
$525
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.84
Lot Size
0.25 AC
Zoning
R6A / C1-4 - Commercial Use Group 6 in R6A / C1-4 Zoning District. 3.0 Buildable Residential or Commercial FAR.
Parking
2 Spaces (0.1 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Courtyard
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Backup Power / Generators
Property Taxes
| Parcel Number | 05389-0053 | Improvements Assessment | $558,000 |
| Land Assessment | $445,500 | Total Assessment | $1,003,500 |
Property Taxes
Parcel Number
05389-0053
Land Assessment
$445,500
Improvements Assessment
$558,000
Total Assessment
$1,003,500
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