652 4th Avenue $1995000 - Agorafy
Office Building / Mixed-use Conversion For Sale
652 4th Avenue Greenwood Heights, Brooklyn, NY 11232 PROPERTY OVERVIEW Address 652 4th Avenue, Brooklyn, NY 11232 Location Corner of 4th Avenue and 19th Street Block/Lot 633 / 41 Lot Dimensions 25.17' x 60' (Approx.) Lot Size 1,510 (SF, Approx.) Zoning M1-2D Residentail FAR 1.65 (with approval) Commercial FAR 2.00 Building SF 4,500* (Approx.) Assessement $233,371 ('14/'15) Taxes $24,933 ('14/'15) *4,500 SF includes basement. 3,250 SF according to tax records DESCRIPTION: The subject property is a two story office building (plus finished basement) located on the corner of 4th Avenue and 19th street. The property is approx. 4,500 square feet of office space. There are lots of opportunities to utilize this property as-is, convert to a retail building, or convert to a mixed-use building with a retail store and apartments above. The building is currently owner occupied and will be delivered vacant.
The property is conveniently located in the rapidly changing Greenwood Heights / South Slope area of Brooklyn. The neighborhood is surrounded by great outdoor space including the Green-Wood Cemetery, Prospect Park, Sunset Park, and the waterfront district. There are lots of nearby restaurants, bars, and stores. The subject is 2 blocks from the Prospect Avenue [R] train station and 3 blocks from the B63 bus. By car, the subject is located directly by the entrance to the BQE with direct access to Downtown Brooklyn and Manhattan.
HIGHLIGHTS: • • • • •
4,500 SF of high end office space including a fully finished basement with kitchenette. Separate entrance on grade to basement on the side of the building M1-2D zoning allows conversion (retail with 205 Montague Street,for 3rdmixed-use Floor 275 Madison Avenue, 3rd Floor apartments above).NY 11201 Brooklyn, New York, NY 10016 T: 718-238-8999 / F: 718-238-6091 Currently owner occupied, will be delivered vacant. T: 212-696-2500 / F: 212-696-0333 Located 2 blocks from the Prospect Ave [R] train.
ASKING PRICE
$1,995,000
Aaron Warkov Director of Sales 718.307.6551 [email protected]
118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 T: 718-275-3400 / F: 718-275-5478
Adam Ecker Senior Associate 718.606.7049 [email protected]
Daniel Arnel Associate 718.606.7077 [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
Office Building / Mixed-use Conversion For Sale
652 4th Avenue Greenwood Heights, Brooklyn, NY 11232
205 Montague Street, 3rd Floor Brooklyn, NY 11201 T: 718-238-8999 / F: 718-238-6091
ASKING PRICE
$1,995,000
275 Madison Avenue, 3rd Floor New York, NY 10016 T: 212-696-2500 / F: 212-696-0333
Aaron Warkov Director of Sales 718.307.6551 [email protected]
118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 T: 718-275-3400 / F: 718-275-5478
Adam Ecker Senior Associate 718.606.7049 [email protected]
Daniel Arnel Associate 718.606.7077 [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
652 4th Avenue Greenwood Heights, Brooklyn, NY 11232 PROPERTY OVERVIEW Address 652 4th Avenue, Brooklyn, NY 11232 Location Corner of 4th Avenue and 19th Street Block/Lot 633 / 41 Lot Dimensions 25.17' x 60' (Approx.) Lot Size 1,510 (SF, Approx.) Zoning M1-2D Residentail FAR 1.65 (with approval) Commercial FAR 2.00 Building SF 4,500* (Approx.) Assessement $233,371 ('14/'15) Taxes $24,933 ('14/'15) *4,500 SF includes basement. 3,250 SF according to tax records DESCRIPTION: The subject property is a two story office building (plus finished basement) located on the corner of 4th Avenue and 19th street. The property is approx. 4,500 square feet of office space. There are lots of opportunities to utilize this property as-is, convert to a retail building, or convert to a mixed-use building with a retail store and apartments above. The building is currently owner occupied and will be delivered vacant.
The property is conveniently located in the rapidly changing Greenwood Heights / South Slope area of Brooklyn. The neighborhood is surrounded by great outdoor space including the Green-Wood Cemetery, Prospect Park, Sunset Park, and the waterfront district. There are lots of nearby restaurants, bars, and stores. The subject is 2 blocks from the Prospect Avenue [R] train station and 3 blocks from the B63 bus. By car, the subject is located directly by the entrance to the BQE with direct access to Downtown Brooklyn and Manhattan.
HIGHLIGHTS: • • • • •
4,500 SF of high end office space including a fully finished basement with kitchenette. Separate entrance on grade to basement on the side of the building M1-2D zoning allows conversion (retail with 205 Montague Street,for 3rdmixed-use Floor 275 Madison Avenue, 3rd Floor apartments above).NY 11201 Brooklyn, New York, NY 10016 T: 718-238-8999 / F: 718-238-6091 Currently owner occupied, will be delivered vacant. T: 212-696-2500 / F: 212-696-0333 Located 2 blocks from the Prospect Ave [R] train.
ASKING PRICE
$1,995,000
Aaron Warkov Director of Sales 718.307.6551 [email protected]
118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 T: 718-275-3400 / F: 718-275-5478
Adam Ecker Senior Associate 718.606.7049 [email protected]
Daniel Arnel Associate 718.606.7077 [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
Office Building / Mixed-use Conversion For Sale
652 4th Avenue Greenwood Heights, Brooklyn, NY 11232
205 Montague Street, 3rd Floor Brooklyn, NY 11201 T: 718-238-8999 / F: 718-238-6091
ASKING PRICE
$1,995,000
275 Madison Avenue, 3rd Floor New York, NY 10016 T: 212-696-2500 / F: 212-696-0333
Aaron Warkov Director of Sales 718.307.6551 [email protected]
118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 T: 718-275-3400 / F: 718-275-5478
Adam Ecker Senior Associate 718.606.7049 [email protected]
Daniel Arnel Associate 718.606.7077 [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
