1400000.00 $US brooklyn menahan street new york

Published date: January 19, 2021
  • Location: Menahan Street, Brooklyn, new york, New York, United States

Menahan Street, the property is a 20′ wide three unit three story building. The apartments are all two-bedroom floor-through units with a full kitchen and full bathroom. The property is located between Myrtle and Knickerbocker Avenues. Both Avenues have great retail stores, restaurants, and easy access to the M train.

The building is a great investment opportunity, since the property is only three units its not subject to rent stabilization laws. The investor can always charge top rents for the units, also the building has a C2-3 overlay. The first and second floor can be converted into commercial space or live/work space. There will be big demand for the space because the property is located off Myrtle Avenue and is two blocks from the train station where all the foot traffic comes from. The property is also great for user, they can live on the ground floor and rent out the other two units above.




THREE STORY THREE FAMILY BUILDING FOR SALE
OPPORTUNITY ZONE
EXCELLENT INVESTMENT/USER OPPORTUNITY
MENAHAN STREET
BROOKLYN, NEW YORK

Location:





Gross Square Footage:
Zoning: (FAR)
Buildable Sq Ft:
Air Rights:
Real Estate Taxes:

South side of Menahan Street between Myrtle and Knickerbocker Avenue

20′ x 100′
1st Floor:- 20′ x 62′ =-1,240
2nd Floor: 20′ x 62′ = 1,240
3rd Floor: -20′ x 62′ = 1,240
3,720
R6 (2.43) with a C2-3 Overlay (2.0) Height Limit 55’
4,860
1,140
$3,614.48

Description:

A 20′ wide three story three family building. The first floor is a two-bedroom floor through apartment, which has a full kitchen located at the back and a full bathroom. This unit has access to the back yard. The ceiling height is 10’ and the apartment gets great sunlight.

The second floor is a two-bedroom floor through apartment, which has a full kitchen located at the back and a full bathroom. This unit has access to the back yard. The ceiling height is 10’ and the unit gets great sunlight.

The third floor is a two-bedroom floor through apartment, which has a full kitchen located at the back and a full bathroom. This unit has access to the back yard. The ceiling height is 10’ and the unit gets great sunlight.

The property is a prime investment opportunity an investor can renovate the units and sell the property for more money. They can also renovate the units and rent them at market value. Since the property has 1,140 square feet of air rights an investor can increase the length of the units and add another floor.

The property can be converted into a mixed-use building because the zoning allows commercial on the first and seconds. The building is individually metered for gas & electric, all the meters are in the basement.


The property is also a prime user opportunity, a user can convert the first floor and basement into a duplex apartment,
and rent the second and third floors for income. The tenants are each paying $1,800 per month and are on a month-to-month basis with no lease.

ASKING PRICE: $1,400,000







k val j 19

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