541 Bay Ridge Parkway
Brick Townhouse with Medical Office Space For Sale
541 Bay Ridge Parkway Bay Ridge, Brooklyn 11209 PROPERTY OVERVIEW Address 541 Bay Ridge Parkway Location Between 5th and 6th Aves Block/Lot 5931 / 71 Lot Dimensions 20' x 127.67' (Approx.) Lot Size 2,553 (SF, Approx.) Building Dimensions 20' x 55' (Approx.) Building Size 3,300 (SF, Approx.) Additional Air Rights 147 (SF, Approx.) Units 3 Zoning R5B Assessement $40,958 ('14/'15) Taxes $7,860 ('14/'15) Floor Layout
S.F.
1
Doctor's Office
1,100
2022
$2,500
$27
$30,000
2
2 Bedroom
1,100
Sept 2015
$2,000
$22
$24,000
3
2 Bedroom
1,100
June 2015
$1,800
$20
$21,600
Lease Exp. Monthly Rent
3,300
$/S.F.
$6,300
Annual Rent
$75,600
: Projected to due to occupancy status
Description: • Brick three story mixed-use property • Ground floor is a medical office, 2nd floor is a large 2bedroom unit with private backyard access and a shed, 3rd floor is a large 2-bedroom unit. • Current owner will lease back the medical office at market lease terms for 8 years. • 3,300 SF building with deep lot. • Opportunity to convert to single family residence with cash flowing medical tenant below. Transportation: • 4 blocks from the 77th Street [R] train station. • 1 block from the B4 and B63 bus routes. 205 Montague Street, 3rd Floor 275 Madison Avenue, 3rd Floor • NearBrooklyn, the BQENYwith easy access throughout Brooklyn and NY to 10016 11201 New York, Brooklyn and Manhattan in 20-25 minutes. / F: 212-696-0333 T:Downtown 718-238-8999 / F: 718-238-6091 T: 212-696-2500
ASKING PRICE $1,100,000
118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 T: 718-275-3400 / F: 718-275-5478
Aaron Warkov Adam Ecker Director of Sales Associate 718.307.6551 718.606.7049 [email protected] [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
541 Bay Ridge Parkway Bay Ridge, Brooklyn 11209 PROPERTY OVERVIEW Address 541 Bay Ridge Parkway Location Between 5th and 6th Aves Block/Lot 5931 / 71 Lot Dimensions 20' x 127.67' (Approx.) Lot Size 2,553 (SF, Approx.) Building Dimensions 20' x 55' (Approx.) Building Size 3,300 (SF, Approx.) Additional Air Rights 147 (SF, Approx.) Units 3 Zoning R5B Assessement $40,958 ('14/'15) Taxes $7,860 ('14/'15) Floor Layout
S.F.
1
Doctor's Office
1,100
2022
$2,500
$27
$30,000
2
2 Bedroom
1,100
Sept 2015
$2,000
$22
$24,000
3
2 Bedroom
1,100
June 2015
$1,800
$20
$21,600
Lease Exp. Monthly Rent
3,300
$/S.F.
$6,300
Annual Rent
$75,600
: Projected to due to occupancy status
Description: • Brick three story mixed-use property • Ground floor is a medical office, 2nd floor is a large 2bedroom unit with private backyard access and a shed, 3rd floor is a large 2-bedroom unit. • Current owner will lease back the medical office at market lease terms for 8 years. • 3,300 SF building with deep lot. • Opportunity to convert to single family residence with cash flowing medical tenant below. Transportation: • 4 blocks from the 77th Street [R] train station. • 1 block from the B4 and B63 bus routes. 205 Montague Street, 3rd Floor 275 Madison Avenue, 3rd Floor • NearBrooklyn, the BQENYwith easy access throughout Brooklyn and NY to 10016 11201 New York, Brooklyn and Manhattan in 20-25 minutes. / F: 212-696-0333 T:Downtown 718-238-8999 / F: 718-238-6091 T: 212-696-2500
ASKING PRICE $1,100,000
118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 T: 718-275-3400 / F: 718-275-5478
Aaron Warkov Adam Ecker Director of Sales Associate 718.307.6551 718.606.7049 [email protected] [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
