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51 Havemeyer St 3,500 SF 100% Leased Retail Building Brooklyn, NY 11211 $5,265,000 ($1,504.29/SF)
Executive Summary
• Asking Price: $5,265,000 | $545 PBSF | Condo’s in Immediate Area selling for north of $1,800 PSF
• Vacant Brick Mixed Use Built 25’ x 95’ on Ground Floor with Full Usable Basement | 25' x 45' on Upper 2 Floors | Approx 3,500 SF Above Grade | Situated on a 25’ x 100’ Lot
• Fully leasable “Covered Land Play” Vacant Building with HVAC already separated and pass-through to each unit. Projection of $250,000 of NOI in as-is shape.
• 7,500 BSF as of right (3.0 FAR, R6A/MX-8) with additional 2,250 Market Rate BSF Certificates Secured by Developer for Use “on site” or within “same community board district” for a total of 9,750 BSF
• Perfect Live Plus Income Opportunity or Townhouse Redevelopment with Art Gallery on Ground Floor & Retain Air Rights (both excess as of right and the 2,250 BSF additional market rates certs purchase and secured by seller)
• Ideal for developer in a 1031 exchange that needs to “park” rollover gains in a future development site.
• Vacant Brick Mixed Use Built 25’ x 95’ on Ground Floor with Full Usable Basement | 25' x 45' on Upper 2 Floors | Approx 3,500 SF Above Grade | Situated on a 25’ x 100’ Lot
• Fully leasable “Covered Land Play” Vacant Building with HVAC already separated and pass-through to each unit. Projection of $250,000 of NOI in as-is shape.
• 7,500 BSF as of right (3.0 FAR, R6A/MX-8) with additional 2,250 Market Rate BSF Certificates Secured by Developer for Use “on site” or within “same community board district” for a total of 9,750 BSF
• Perfect Live Plus Income Opportunity or Townhouse Redevelopment with Art Gallery on Ground Floor & Retain Air Rights (both excess as of right and the 2,250 BSF additional market rates certs purchase and secured by seller)
• Ideal for developer in a 1031 exchange that needs to “park” rollover gains in a future development site.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,500 SF
Building Class
B
Year Built
1910
Price
$5,265,000
Price Per SF
$1,504.29
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.34
Lot Size
0.06 AC
Zoning
M1-2/R6A - Light manufacturing and residential.
Frontage
Amenities
- Tenant Controlled HVAC
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02331-0002 | Improvements Assessment | $158,400 |
| Land Assessment | $18,000 | Total Assessment | $176,400 |
Property Taxes
Parcel Number
02331-0002
Land Assessment
$18,000
Improvements Assessment
$158,400
Total Assessment
$176,400
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51 Havemeyer St
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