- 7,890 square foot land area (footprint)
- 8,000 square foot floor area (90% paved)
- 141 linear feet of full corner, double exposure (legal curb cuts both sides)
- ICAP Tax Abatement - $13,534* annual property tax. 24 of 25 years remaining regardless of improvements or assessments (subject to verification)
* (Tax class - 4; Assessment (TY 2016/17) - $287,550; Market value - $639,000; Billable assessed - $292,113; Tax rate - 10.65%; Tax before exemptions/Abatements - $31,128,; ICAP discount - $17,594; Annual property tax - $13,534)
PROPERTY FEATURES:
- Accommodates up to three commercial rental tenants
- Multiple designated entrances
- Maximum ceiling height - 17.5 ft
- Two bathrooms
- Upgraded new energy-saving LED overhead lighting fixtures
- Gas heating (fixed blowers)
- Upgraded 600 amp power supply
- Upgraded new electrical wiring, gas delivery and connections
- Video security monitoring system throughout
PROPERTY SPECIFICATIONS:
- Building class: F-5 (factory/industrial/light manufacturing)
- Zone: M1-1
- Property type: Pre-ACRIS (prior 1969)
- Commercial FAR: 1.0 (7,890 total BSF w/1,617 BSF available)
- Community facility FAR: 2.4 (18,936 BSF w/12,663 BSF available)
- Landmarked: No
- Community board: 1
- Year built: Original structure 1909. Additional structure 2016
- Comparative area lease rates (CARL): $25 - $50 sf
- Current CAP Rate (based on current configuration): 4-5%
* All information obtained from the Owner and/or publicly accessible documentation.
