THREE STORY MIXED-USE BUILDING FOR SALE
EXCELLENT INVESTMENT/DEVELOPMENT OPPORTUNITY
BROOKLYN, NEW YORK
area Fulton Street & Verona Place
20’ x 80’


Three (3)
3,000 (Approximately)
R7D (4.2) with a C2-4 Overly (2) Height Limit 100’


A 20’ wide 3-unit three story corner mixed-use building. The property has a store on the ground floor.

The building is a prime investment opportunity because since the units are free market they can be renovated to add more value. The corner location gives the property great commercial and residential exposure. This will always make the store and apartments be in high demand.
The property is also a great development opportunity, with 3,720 square feet of air rights this can be used to redevelop the property. The store can be built full, along with adding two more floors to the building. The commercial overlay allows the second floor to be developed into commercial or residential space.





Net Operating Income:
Projected Net Operating Income: $160,638.04
CAP RATE: 6.2%
ASKING PRICE: $2,600,000