193 22nd street
193 22ND STREET
FOR SALE
GREENWOOD HEIGHTS, BROOKLYN, NY 11232
Development Site
FOR SALE
25’ x 100’, R6B, 5,008 Buildable SF
PROPERTY FEATURES LOCATION: BLOCK & LOT: l LOT DIMENSION: LOT SIZE:
North side of 22nd Street between 4th and 5th Avenue 643 / 67 25’ x 100.17’ 2,504
(SF, Approx)
BUILDING DIMENSIONS:
22’ x 36’
(SF, Approx)
BUILDING SIZE: ZONING: FAR: BUILDABLE SF: AIR RIGHTS: ASSESSMENT: R.E. TAXES:
1,716 R6B 2.00 5,008 3,292 $17,017 $3,260
(SF, Approx)
(SF, Approx)
DESCRIPTION The subject property is a 25’ x 100.17’, R6B development site on the north side of 22nd Street between 4th and 5th Avenue. The site is located in the emerging neighborhood of Greenwood Heights. The lot is 2,504 SF, and the site has 5,008 buildable square feet as-of-right. The existing structure is a 1,716 SF multifamily building with 4 free market units. Two units have month to month leases, one unit is vacant, and one unit has a lease expiring on April 30th, 2016. Recent real estate development in the area has brought an influx of luxury condominium apartments and strong retail into a residential area that was mainly made up of 1- and 2-family homes. Residential rents for new construction buildings in Greenwood Heights are projected at $55/SF and the lack of condo inventory create a surge in condo pricing over the past year with recent pricing reaching above the $950-$1,050/SF mark, and still trending upward. The subject is conveniently located 3 ½ blocks away from the 25th Street station.
R
train
ASKING PRICE
$1,475,000
$295/BSF
FOR MORE INFORMATION, PLEASE CONTACT: Aaron Warkov Director (718) 307 6551 [email protected]
Adam Ecker Senior Associate (718) 606 7049 [email protected]
Daniel Arnel Associate (718) 606 7077 [email protected]
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor Brooklyn, NY 11201 nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
193 22ND STREET
<XXX> SF AVAILABLE (3 LINES MAXIMUM)
Development Site For Sale
RENT ROLL UNIT
STATUS
LEASE EXPIRATION
MONTHLY RENT
ANNUAL RENT
BSMT
FM
MTM
$1,250
$15,000
1st Floor
FM
MTM
$1,950
$23,400
2nd Floor*
FM
Vacant
$1,700
$20,400
3rd Floor
FM
4/30/2016
$1,700
$20,400
$6,600
$79,200
*Projected FOR MORE INFORMATION, PLEASE CONTACT: Aaron Warkov Director (718) 307 6551 [email protected]
Adam Ecker Senior Associate (718) 606 7049 [email protected]
Daniel Arnel Associate (718) 606 7077 [email protected]
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor Brooklyn, NY 11201 nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
FOR SALE
GREENWOOD HEIGHTS, BROOKLYN, NY 11232
Development Site
FOR SALE
25’ x 100’, R6B, 5,008 Buildable SF
PROPERTY FEATURES LOCATION: BLOCK & LOT: l LOT DIMENSION: LOT SIZE:
North side of 22nd Street between 4th and 5th Avenue 643 / 67 25’ x 100.17’ 2,504
(SF, Approx)
BUILDING DIMENSIONS:
22’ x 36’
(SF, Approx)
BUILDING SIZE: ZONING: FAR: BUILDABLE SF: AIR RIGHTS: ASSESSMENT: R.E. TAXES:
1,716 R6B 2.00 5,008 3,292 $17,017 $3,260
(SF, Approx)
(SF, Approx)
DESCRIPTION The subject property is a 25’ x 100.17’, R6B development site on the north side of 22nd Street between 4th and 5th Avenue. The site is located in the emerging neighborhood of Greenwood Heights. The lot is 2,504 SF, and the site has 5,008 buildable square feet as-of-right. The existing structure is a 1,716 SF multifamily building with 4 free market units. Two units have month to month leases, one unit is vacant, and one unit has a lease expiring on April 30th, 2016. Recent real estate development in the area has brought an influx of luxury condominium apartments and strong retail into a residential area that was mainly made up of 1- and 2-family homes. Residential rents for new construction buildings in Greenwood Heights are projected at $55/SF and the lack of condo inventory create a surge in condo pricing over the past year with recent pricing reaching above the $950-$1,050/SF mark, and still trending upward. The subject is conveniently located 3 ½ blocks away from the 25th Street station.
R
train
ASKING PRICE
$1,475,000
$295/BSF
FOR MORE INFORMATION, PLEASE CONTACT: Aaron Warkov Director (718) 307 6551 [email protected]
Adam Ecker Senior Associate (718) 606 7049 [email protected]
Daniel Arnel Associate (718) 606 7077 [email protected]
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor Brooklyn, NY 11201 nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
193 22ND STREET
<XXX> SF AVAILABLE (3 LINES MAXIMUM)
Development Site For Sale
RENT ROLL UNIT
STATUS
LEASE EXPIRATION
MONTHLY RENT
ANNUAL RENT
BSMT
FM
MTM
$1,250
$15,000
1st Floor
FM
MTM
$1,950
$23,400
2nd Floor*
FM
Vacant
$1,700
$20,400
3rd Floor
FM
4/30/2016
$1,700
$20,400
$6,600
$79,200
*Projected FOR MORE INFORMATION, PLEASE CONTACT: Aaron Warkov Director (718) 307 6551 [email protected]
Adam Ecker Senior Associate (718) 606 7049 [email protected]
Daniel Arnel Associate (718) 606 7077 [email protected]
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor Brooklyn, NY 11201 nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
