Centrally located mixed-use building fully tenanted with Three - 2 bedrooms/1 bath free market apartments and a commercial unit.
This great investment is in pristine condition and an opportunity that comprises of 3,680 sq ft PLUS 920 sq ft high-ceiling cellar with laundry and storage for the tenants. The C2-4R6A zoning allows for appx. 1,720 sq ft of additional air rights.
The upside is fantastic, once the option of the full air rights is exercised and the property will becomes a 5,400 sq ft high income producing investment.The sale is subjects to the existing free-market tenancies that will produce great income while the deign plans are approved for the expansion.The Atlantic Avenue business & shopping corridor is well positioned to evolve into an even greater hub of commerce given all the luxury residential construction coming to market in the Downtown Brooklyn community.Additional photographs and the floor plans are forthcoming.
All data is deemed reliable but is not guaranteed accurate by the RLS, Realty MX or VESPA Properties Group, LLC.
All information regarding a property for sale, rental, taxes or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, prior sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.
The number of bedrooms listed is not a legal conclusion. Each person should consult with his/her own attorney, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom.
VESPA Properties Group is a licensed real estate broker and member of the Real Estate Board of New York.