264 Linden Street, Brooklyn, NY 11237
Multifamily– Brooklyn
264 Linden Street, Brooklyn, NY 11237 Vacant Brick Building (DOB Approved Plans for 6 Units) Bushwick Property Information Address: Neighborhood: Cross Streets: Block: Lot: Lot Size:
264 Linden Street Bushwick Knickerbocker Avenue & Irving Avenue 3335 10 20 ft x 100 ft
Building Information Building Size: Building Class: Zoning: Stories: Total Units Building Sq. Ft.:
20 ft x 55 ft C2 R6/C1-3 3 3 3,300
Lot Sq. Ft.: FAR: Total Buildable Sq. Ft.: Additional Buildable Sq. Ft.:
2,000 2.2 4,400 1,100
Taxes (15/16):
$5,577
For more information please contact Exclusive Marketing Team
Matt Cosentino VP, Investment Sales [email protected]
Eric Satanovsky Senior Associate [email protected]
TerraCRG has been retained to exclusively represent ownership in the sale of the multifamily building located at 264 Linden Street in the Bushwick section of Brooklyn. The building is located between Irving Avenue and Knickerbocker Avenue, just 1 ½ blocks to both the M & L trains at the Myrtle-Wyckoff Station. The Vacant brick building is approx. 3,300 SF with over 1,000 SF of additional air rights. There are approved plans in place to convert the 3 unit property into 6 units. The plans allow for a 4 ½ story building, including: • • •
a ground floor duplex unit with backyard access; a penthouse duplex unit with a roof terrace and two balconies; and four additional well-proportioned units.
(718) 395-1877
Upon completion the property will generate approximately $195,000/year in gross income. Having approved plans in place allows the new owner to begin construction immediately and save approximately a year of time and money going through the DOB approval process. The building is located in an outstanding Bushwick location as it is close to some of the best retailers in the neighborhood, including: Starbucks, Planet Fitness, Pizza Party and Fair Weather Bushwick Bistro. The property also allows easy access into Manhattan within 20 minutes and provides easy access to 2 subway lines (both the M & L trains).
264 Linden Street
Asking Price $1,500,000 Terra CRG LLC I Licensed Real Estate Broker I 634 Dean Street, Brooklyn, NY 11238 I P: 718-768-6888 I F: 718-768-6288 | terracrg.com The information provided herein has either been given to us by the owner of the property or was obtained from sources we deem reliable. We do not guarantee the accuracy of any information. All zoning, existing square feet of buildings, available buildable square feet, permitted uses and any other information provided herein must be independently verified by prospective purchasers. The value of any real estate investment is dependent upon a variety of factors, including income, vacancy rates, expense estimates, tax brackets and general market assumptions, all of which should be evaluated by your tax advisor and/or legal counsel. Prospective buyer and tenants should carefully verify each item of information herein.
264 Linden Street, Brooklyn, NY 11237 Vacant Brick Building (DOB Approved Plans for 6 Units) Bushwick Property Information Address: Neighborhood: Cross Streets: Block: Lot: Lot Size:
264 Linden Street Bushwick Knickerbocker Avenue & Irving Avenue 3335 10 20 ft x 100 ft
Building Information Building Size: Building Class: Zoning: Stories: Total Units Building Sq. Ft.:
20 ft x 55 ft C2 R6/C1-3 3 3 3,300
Lot Sq. Ft.: FAR: Total Buildable Sq. Ft.: Additional Buildable Sq. Ft.:
2,000 2.2 4,400 1,100
Taxes (15/16):
$5,577
For more information please contact Exclusive Marketing Team
Matt Cosentino VP, Investment Sales [email protected]
Eric Satanovsky Senior Associate [email protected]
TerraCRG has been retained to exclusively represent ownership in the sale of the multifamily building located at 264 Linden Street in the Bushwick section of Brooklyn. The building is located between Irving Avenue and Knickerbocker Avenue, just 1 ½ blocks to both the M & L trains at the Myrtle-Wyckoff Station. The Vacant brick building is approx. 3,300 SF with over 1,000 SF of additional air rights. There are approved plans in place to convert the 3 unit property into 6 units. The plans allow for a 4 ½ story building, including: • • •
a ground floor duplex unit with backyard access; a penthouse duplex unit with a roof terrace and two balconies; and four additional well-proportioned units.
(718) 395-1877
Upon completion the property will generate approximately $195,000/year in gross income. Having approved plans in place allows the new owner to begin construction immediately and save approximately a year of time and money going through the DOB approval process. The building is located in an outstanding Bushwick location as it is close to some of the best retailers in the neighborhood, including: Starbucks, Planet Fitness, Pizza Party and Fair Weather Bushwick Bistro. The property also allows easy access into Manhattan within 20 minutes and provides easy access to 2 subway lines (both the M & L trains).
264 Linden Street
Asking Price $1,500,000 Terra CRG LLC I Licensed Real Estate Broker I 634 Dean Street, Brooklyn, NY 11238 I P: 718-768-6888 I F: 718-768-6288 | terracrg.com The information provided herein has either been given to us by the owner of the property or was obtained from sources we deem reliable. We do not guarantee the accuracy of any information. All zoning, existing square feet of buildings, available buildable square feet, permitted uses and any other information provided herein must be independently verified by prospective purchasers. The value of any real estate investment is dependent upon a variety of factors, including income, vacancy rates, expense estimates, tax brackets and general market assumptions, all of which should be evaluated by your tax advisor and/or legal counsel. Prospective buyer and tenants should carefully verify each item of information herein.
