Exclusive Listing
154-156 Graham Avenue, Brooklyn, NY 11206 Williamsburg Mixed-Use Development/Conversion Opportunity
J51 Eligible/ICAP Eligible
Subject Properties
Asking Price: $6,100,000
Exclusive Listing By Shay Zach
Shay Zach Senior Associate Broker (646)278-4621 [email protected] 1
L 154-156 Graham Ave
Two contiguous three-story mixed-use buildings built to 9,000 SF. Both buildings will be delivered vacant and with proposed plans to add an additional 6,000 SF. The properties qualify for J51 and ICAP tax abatements.
Property Overview Company Overview
Property Summary
The subject buildings are located two blocks from the Montrose Avenue [L] train station. The highest and best use would be to convert existing building into a 12 rental units and a 5,000 SF ground floor retail. One can utilize the excess FAR to enlarge current buildings by 1.5 floors and extend the back to maximize lot coverage.
2
Property Description
154-156 Graham Avenue Brooklyn, NY 11206
Lot Dimensions
50’ X 100’
Lot SF
5,000 SF 25’ X 100’ – 1st Floor 25’ X 40’ – Upper Floors
Built Dimensions Built SF
9,000 SF
Total Buildable SF
15,000 SF R6
FAR
3
Block/Lot
3062/3,4
Assessment
$36,504
Taxes (16/17)
$7,138
Asking Price
$6,100,000
L
Property Description Company Overview
Zoning
L J
M J M 3
Retail Map of Area
Retail Map Overview Company
4
commercial and residential markets are in high demand. The neighborhood has undergone massive development over the past few years as rental and sale prices reach amongst the highest in the country. Williamsburg is primarily known for its hip culture, bustling nightlife and renowned restaurants and shops. With one of New York’s best school systems and abundance of green space through McCarren Park and East River State Park, the neighborhood is home to many families and young professionals. It is ideally located only minutes away from Manhattan with the [L,G,J,M,Z] lines acting as the main public transportation routes. It also offers easy access to outside city destinations through the Brooklyn Queens Expressway.
Neighborhood Highlights Company Overview
Williamsburg is one of the most sought after neighborhoods in Brooklyn. Its
5
EPIC Commercial Realty represent clients from around the world, focusing on investment sales in the bustling New York metropolitan area. We provide the highest level of professionalism, comprehensive and innovative real estate solutions to investors, property owners, and corporations world-wide, and ensure our clients optimum, fast, and smooth transactions.
Collectively, EPIC professionals bring nearly 70 years of commercial real estate experience to your portfolio. Not surprisingly, such teamwork produces results beyond expectations as we incessantly deliver full consultation services based on detailed research and evaluation. Every indication demonstrates our talented and accomplished professionals are performing well beyond the industry standard for commercial real estate firms producing with excellence for clients in a global arena. EPIC continues to expand its management of commercial real estate investments throughout the Greater New York Metropolitan Area, including New York State and New Jersey.
Shay Zach Senior Associate Broker (646)278-4621 [email protected]
Justin Zeitchik Investment Sales Associate (646)278-4642 [email protected]
Shy Galor Investment Sales Associate (646)278-4677 [email protected]
Company Overview Company Overview
Based in Soho, NY our clients include storefront owners, retail chains, institutional landlords and real estate developers. EPIC is dedicated to continuously developing dynamic relationships resulting in increased capital beyond the expectation of our clients. Through such principles as integrity and hard work, we strive to develop into an esteemed commercial investment resource for property owners, investors, and corporations worldwide. The measure of our successes is determined by the quality of business relationships we forge. A multi-tier approach allows every aspect of our service to manage transactions for each client with specialized attention to maintaining our focus on timing and the market place.
6
Epic Commercial Realty 580 Broadway, Suite 1107 New York, NY 10012 Tel: (212) 226-9000 Shay Zach Senior Associate Broker (646) 278-4621 [email protected]
Shy Galor Investment Sales Associate (646) 278-4677 [email protected]
Justin Zeitchik Investment Sales Associate (646) 278-4642 [email protected]
7
J51 Eligible/ICAP Eligible
Subject Properties
Asking Price: $6,100,000
Exclusive Listing By Shay Zach
Shay Zach Senior Associate Broker (646)278-4621 [email protected] 1
L 154-156 Graham Ave
Two contiguous three-story mixed-use buildings built to 9,000 SF. Both buildings will be delivered vacant and with proposed plans to add an additional 6,000 SF. The properties qualify for J51 and ICAP tax abatements.
Property Overview Company Overview
Property Summary
The subject buildings are located two blocks from the Montrose Avenue [L] train station. The highest and best use would be to convert existing building into a 12 rental units and a 5,000 SF ground floor retail. One can utilize the excess FAR to enlarge current buildings by 1.5 floors and extend the back to maximize lot coverage.
2
Property Description
154-156 Graham Avenue Brooklyn, NY 11206
Lot Dimensions
50’ X 100’
Lot SF
5,000 SF 25’ X 100’ – 1st Floor 25’ X 40’ – Upper Floors
Built Dimensions Built SF
9,000 SF
Total Buildable SF
15,000 SF R6
FAR
3
Block/Lot
3062/3,4
Assessment
$36,504
Taxes (16/17)
$7,138
Asking Price
$6,100,000
L
Property Description Company Overview
Zoning
L J
M J M 3
Retail Map of Area
Retail Map Overview Company
4
commercial and residential markets are in high demand. The neighborhood has undergone massive development over the past few years as rental and sale prices reach amongst the highest in the country. Williamsburg is primarily known for its hip culture, bustling nightlife and renowned restaurants and shops. With one of New York’s best school systems and abundance of green space through McCarren Park and East River State Park, the neighborhood is home to many families and young professionals. It is ideally located only minutes away from Manhattan with the [L,G,J,M,Z] lines acting as the main public transportation routes. It also offers easy access to outside city destinations through the Brooklyn Queens Expressway.
Neighborhood Highlights Company Overview
Williamsburg is one of the most sought after neighborhoods in Brooklyn. Its
5
EPIC Commercial Realty represent clients from around the world, focusing on investment sales in the bustling New York metropolitan area. We provide the highest level of professionalism, comprehensive and innovative real estate solutions to investors, property owners, and corporations world-wide, and ensure our clients optimum, fast, and smooth transactions.
Collectively, EPIC professionals bring nearly 70 years of commercial real estate experience to your portfolio. Not surprisingly, such teamwork produces results beyond expectations as we incessantly deliver full consultation services based on detailed research and evaluation. Every indication demonstrates our talented and accomplished professionals are performing well beyond the industry standard for commercial real estate firms producing with excellence for clients in a global arena. EPIC continues to expand its management of commercial real estate investments throughout the Greater New York Metropolitan Area, including New York State and New Jersey.
Shay Zach Senior Associate Broker (646)278-4621 [email protected]
Justin Zeitchik Investment Sales Associate (646)278-4642 [email protected]
Shy Galor Investment Sales Associate (646)278-4677 [email protected]
Company Overview Company Overview
Based in Soho, NY our clients include storefront owners, retail chains, institutional landlords and real estate developers. EPIC is dedicated to continuously developing dynamic relationships resulting in increased capital beyond the expectation of our clients. Through such principles as integrity and hard work, we strive to develop into an esteemed commercial investment resource for property owners, investors, and corporations worldwide. The measure of our successes is determined by the quality of business relationships we forge. A multi-tier approach allows every aspect of our service to manage transactions for each client with specialized attention to maintaining our focus on timing and the market place.
6
Epic Commercial Realty 580 Broadway, Suite 1107 New York, NY 10012 Tel: (212) 226-9000 Shay Zach Senior Associate Broker (646) 278-4621 [email protected]
Shy Galor Investment Sales Associate (646) 278-4677 [email protected]
Justin Zeitchik Investment Sales Associate (646) 278-4642 [email protected]
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