Price
$3,750,000
Property Description
A package of five buildings on one lot. The property has five apartments and a
corner commercial space on the ground floor. All the units are free market and
delivered vacant. The apartments are four three-bedroom units and one unit is
a one-bedroom apartment over the store.
The property is a prime investment opportunity, an investor can always rent
out the apartments at full market value. The units have been renovated with
new full kitchen and bathroom, nice wood floors and beautiful expose brick
walls. There will always be a strong demand for the units since each apartment
is a separate building and is close to the A & C trains and Fulton Street.
The building is a prime user opportunity, a user can use the commercial
space as a store or office to have their business live in two units and rent out
the other three apartments. The property also makes a great development
opportunity, a developer can duplex the top floor by adding on the 1,800
square feet of air rights and then separate the tax lots and sell the five buildings
individually.
Additional Information
The property is in an area that under a lot of development and close to all
modes of transportation. The A and C train is on Ralph & Fulton Street within
10-15 minutes the new owner or owners will be in the city. The building has
great residential exposure the units get great sunlight. The corner commercial
space has great commercial exposure and would be great for any retail or
office use.