Lee Realty Group by Lee Group LLC has been exclusively retained on an exclusive basis for the sale of 139 E 45th St New York, NY 10017
This 7800 SF 6 Apartments and About 2000 sqft. +/- Restaurant Ground Floor commercial mixed-use is for sale commercial mixed-use.
Occupancy 100% Cap Rate: 4.5% +/-
Ground Floor Restaurant-Owner Use
6 One Bedroom Apartments $3,000 +/-
building featuring two stores on the lower level with an additional 4 floors catering to 6 apartments.
Effective Gross Income $900,000 +/-
Property Tax 2019/2020-$157,694.24
Lot Area: 2,209 sq ft (22' x 100.42')
Zoning Description C5-2/C5-5
Floor Area Ratio: 3.54 Built
Total 26,511 Sq Ft. Buildable
782 9th Ave is a 2 story building with a cellar, ground fl. retail space and two residential units on the second floor. Able to change office spaces.
373 West 52nd. St. is a four-story mixed-use building with a cellar, ground floor store and three residential units above.
371 West 52nd. St. is a four-story mixed-use building with a cellar, two ground floor retail spaces and six residential units above.
In total, there are 11 residential units (9 FM, 2 Expired RS).
Asking Price $12,950,000 Negotiable Submit Offer
"As is Condition" No Financing Contingencies. "Quick Closing"
Floor Area Ratio (FAR) & Zoning
Max allowed FAR 6.02
Maximum usable floor area 15,303
Usable Floor Area 7,499
Zoning : C1-5/R8/CL
Building Dimension (Approx.)
* 25.5' x 50' ( 782 9th Ave.) 2 Stories.
* 33.3 x 25' ( 371 W. 52nd St.) 4 Stories.
* 16.6 x 25 (373 W. 52nd St.) 4 Stories.
Unique thru-lot with exposure on two streets! Lee Realty Group has been retained on an exclusive basis to arrange for the sale of 1800-1806 Flatbush avenue. A fantastic development/investment opportunity in the fast developing East Midwood/Flatbush section of Brooklyn. The property is comprised of 3 commercial spaces with a total of 68 feet of frontage along the Flatbush commercial corridor. This through-lot also offers 4 garages in the back of the commercial spaces for easy loading. The current zoning is C2-2 and R5. This property assemblage is a great opportunity to get in at a fast developing area and build up or completely redevelop this versatile property. The current built size is 68x 55 and the total lot size is 68x100ft. The total built size is 3765 with another 3766 in unused FAR. The FAR as built is .66 with max allowed residential FAR of 1.25 and facility FAR of 2. This is a great value at $308 per buildable square foot! One commercial unit vacant, 2 units occupied. With all 3 units rented, the cap rate is 5%. Develop or keep as is - the numbers just make sense on this one! The immediate proximity to major national retail and the Target shopping hub at the Flatbush Junction is a great opportunity for a mixed use or boutique residential development. Transportation is seamless and easy via the 2,5, Q trains. Brooklyn College's gorgeously landscaped campus is a stone's throw away too. All information furnished herein is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental, or other conditions prior sale, lease, financing or withdrawal without notice. All dimensions are approximate. For exact dimensions you must hire your own architect or engineer and verify independently.
100 % Occupied
Price per buildable square foot less than $350
Lot Area: 5,705 sq ft (68' x 100.58')
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