262 18th Street - Agorafy
DEVELOPMENT / CONVERSION SITE – FOR SALE
262 18th Street Greenwood Heights, Brooklyn, NY 11215 PROPERTY OVERVIEW Address 262 18th Street, Brooklyn, NY 11215 Cross Streets 5th and 6th Avenues Block/Lots 879 / 19 Lot Dimensions 28' x 100.17' (Approx.) Lot Size 2,805 (SF, Approx.) Zoning R6B FAR 2.0 Total Buildable SF 5,610 (SF, Approx.) Actual SF 4,500 (SF, Approx.) Building Dimensions 20' x 53' Main Building Building Dimensions 24.5' x 25' Rear Building Assessement $17,832 ('14/'15) Taxes $3,422 ('14/'15)
DESCRIPTION: The offering is a 28’ x 100’ site, located in an R6B zoning district with 5,610 buildable square feet as of right. The subject is located on the south side of 18th Street between 5th Avenue and 6th Avenue in Greenwood Heights. The site currently has a 4,500 SF two-family house with 10 bedrooms, 4 bathrooms, and a rear 2-story garage. This dwelling can be easily transformed into a three-family residence. With zoning regulations permitting additional 1,100 square feet of buildable floor area, this property offers various conversion and development possibilities.
6th Ave
18th Street
5th Ave
Recent new 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.
The site is located on a quiet block in Greenwood Heights. The area is surrounded by great outdoor space including the GreenWood Cemetery, Prospect Park, Sunset Park, and the 205 Montague Flooris 5 blocks from275 waterfront district.Street, The 3rd property theMadison ProspectAvenue, 3rd Floor 11201access to Downtown Brooklyn New and York, NY 10016 Ave [R] Brooklyn, train withNY direct T: 718-238-8999 / F: 718-238-6091 T: 212-696-2500 Manhattan in 20-25 minutes. Nearby car transportation includes / F: 212-696-0333 the BQE and Prospect Expressway.
19th Street 118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 T: 718-275-3400 / F: 718-275-5478
ASKING PRICE: $1,995,000
Stephen P. Palmese Partner 718.307.6552 [email protected]
Aaron Warkov Director of Sales 718.307.6551 [email protected]
Robert DiBiase Director of Townhouse Sales 718.307.6550 [email protected]
Michael Mazzara Senior Associate 718.606.7052 [email protected]
Adam Ecker Associate 718.606.7049 [email protected]
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
205 Montague Street • Third Floor • Brooklyn, NY 11201 • 718.238.8999 • Fax 718.238.6091 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
QUEENS
STATEN ISLAND
WESTCHESTER
DEVELOPMENT / CONVERSION SITE – FOR SALE
262 18th Street Greenwood Heights, Brooklyn, NY 11215
1st Floor
2nd Floor
205 Montague Street, 3rd Floor Brooklyn, NY 11201 rd T: 718-238-8999 / F: 718-238-6091
275 Madison Avenue, 3rd Floor New York, NY 10016 T: 212-696-2500 / F: 212-696-0333
3 Floor
Stephen P. Palmese Partner 718.307.6552 [email protected]
Aaron Warkov Director of Sales 718.307.6551 [email protected]
Robert DiBiase Director of Townhouse Sales 718.307.6550 [email protected]
118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 T: 718-275-3400 / F: 718-275-5478
Michael Mazzara Senior Associate 718.606.7052 [email protected]
Adam Ecker Associate 718.606.7049 [email protected]
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
205 Montague Street • Third Floor • Brooklyn, NY 11201 • 718.238.8999 • Fax 718.238.6091 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
QUEENS
STATEN ISLAND
WESTCHESTER
262 18th Street Greenwood Heights, Brooklyn, NY 11215 PROPERTY OVERVIEW Address 262 18th Street, Brooklyn, NY 11215 Cross Streets 5th and 6th Avenues Block/Lots 879 / 19 Lot Dimensions 28' x 100.17' (Approx.) Lot Size 2,805 (SF, Approx.) Zoning R6B FAR 2.0 Total Buildable SF 5,610 (SF, Approx.) Actual SF 4,500 (SF, Approx.) Building Dimensions 20' x 53' Main Building Building Dimensions 24.5' x 25' Rear Building Assessement $17,832 ('14/'15) Taxes $3,422 ('14/'15)
DESCRIPTION: The offering is a 28’ x 100’ site, located in an R6B zoning district with 5,610 buildable square feet as of right. The subject is located on the south side of 18th Street between 5th Avenue and 6th Avenue in Greenwood Heights. The site currently has a 4,500 SF two-family house with 10 bedrooms, 4 bathrooms, and a rear 2-story garage. This dwelling can be easily transformed into a three-family residence. With zoning regulations permitting additional 1,100 square feet of buildable floor area, this property offers various conversion and development possibilities.
6th Ave
18th Street
5th Ave
Recent new 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.
The site is located on a quiet block in Greenwood Heights. The area is surrounded by great outdoor space including the GreenWood Cemetery, Prospect Park, Sunset Park, and the 205 Montague Flooris 5 blocks from275 waterfront district.Street, The 3rd property theMadison ProspectAvenue, 3rd Floor 11201access to Downtown Brooklyn New and York, NY 10016 Ave [R] Brooklyn, train withNY direct T: 718-238-8999 / F: 718-238-6091 T: 212-696-2500 Manhattan in 20-25 minutes. Nearby car transportation includes / F: 212-696-0333 the BQE and Prospect Expressway.
19th Street 118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 T: 718-275-3400 / F: 718-275-5478
ASKING PRICE: $1,995,000
Stephen P. Palmese Partner 718.307.6552 [email protected]
Aaron Warkov Director of Sales 718.307.6551 [email protected]
Robert DiBiase Director of Townhouse Sales 718.307.6550 [email protected]
Michael Mazzara Senior Associate 718.606.7052 [email protected]
Adam Ecker Associate 718.606.7049 [email protected]
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
205 Montague Street • Third Floor • Brooklyn, NY 11201 • 718.238.8999 • Fax 718.238.6091 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
QUEENS
STATEN ISLAND
WESTCHESTER
DEVELOPMENT / CONVERSION SITE – FOR SALE
262 18th Street Greenwood Heights, Brooklyn, NY 11215
1st Floor
2nd Floor
205 Montague Street, 3rd Floor Brooklyn, NY 11201 rd T: 718-238-8999 / F: 718-238-6091
275 Madison Avenue, 3rd Floor New York, NY 10016 T: 212-696-2500 / F: 212-696-0333
3 Floor
Stephen P. Palmese Partner 718.307.6552 [email protected]
Aaron Warkov Director of Sales 718.307.6551 [email protected]
Robert DiBiase Director of Townhouse Sales 718.307.6550 [email protected]
118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 T: 718-275-3400 / F: 718-275-5478
Michael Mazzara Senior Associate 718.606.7052 [email protected]
Adam Ecker Associate 718.606.7049 [email protected]
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
205 Montague Street • Third Floor • Brooklyn, NY 11201 • 718.238.8999 • Fax 718.238.6091 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
QUEENS
STATEN ISLAND
WESTCHESTER
