THREE STORY APARTMENT BUILDING WITH A DRIVEWAY AND FOUR CAR GARAGE FOR SALE
EXCELLENT USER/INVESTMENT/DEVELOPMENT OPPORTUNITY OPPORTUNITY ZONE
BROOKLYN, NEW YORK
near Buffalo Place and Ralph Avenue
Lot Size: 46’ x 127’
Gross Square footage: 6,242 (Approx)
Zoning/FAR: R6 (2.43) Height Of New Building 55’

Stories:
Total Buildable:
Available Air Rights:
3
14,196 (with community facility FAR (4.8)
28,042 buildable) 7,954

Assess: (21/22) $112,994
Taxes: $13,818.72
BUILDING SIZE & DIMENSIONS

Basement: Ground Floor
29’ x 72’ irr 29’ x 72’ irr
1,888 Sq Ft 1,888 Sq Ft
Second Floor: 29’ x 72’ irr 1,888 Sq Ft 17’ x 17’ 289 Third Floor: 29’ x 72’ irr 1,888 Sq Ft 17’ x 17’ 289

Description: A 46’ wide seven unit three story apartment building. The property has a drive way to the side, to the back is a four car garage with
extra storage space located to the back of the garage. The building has a beautiful brick façade with a wide frontage. The apartments are mostly two-bedroom units



The property is also a great development opportunity. A developer
can develop the property into a 14,196 square feet five story
apartment building. The units can be a mixture of two and three
bedroom apartments. The property can also be developed into a
Church or Synagogue, with a buildable square footage of 28,042 for
community facility.



Net Operating Income: $157,181.29 CAP RATE: 4.8% For Investor
$228 Per Buildable Square Foot For Developer
ASKING PRICE: $3,250,000