524 4 Avenue

    BROOKLYN, NY 11215
    • $3,188,888
    • STATUS: Active
    • ON SITE: 21 days
    • MLS #: 434779
    UPDATED: 34 min ago
    $3,188,888
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,720
      SQFT
    • $475
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1931
    Area:

    School Ratings & Info

    Description

    Endless possibilities await in this 4-story mixed-use property. This property is presenting an investor, developer or end-user with a unique opportunity in one of Brooklyns most sought-after neighborhoods. Measuring 28 by 60 structure on a 86-foot lot, the property has 6720 square feet. This property is zoned R8 which allows for approximate of 14,500 buildable square feet in total and could go up 10 floors or higher. This property currently consists of ground-floor restaurant space with full ceiling height, exposed brick and finished basement. The restaurant is fully equipped with all necessary equipment. Its also has a beautiful outdoor seating area in the backyard great for events and parties. Its also has 3-full-floor with 2-bedroom units. The building is in excellent condition with low carrying costs which makes it perfect as an investment with a great rental return. This is also great for an end-user, there is unlimited potential to re-imagine and reconfigure. The location is exceptional and on the most exciting area that hosts a perfect mix of retailers, boutique clothing and jewelry shops, mom-and-pop stores, amazing restaurants, and coffee shops. Transportation couldn't be more convenient; the subway lines are nearby and a only a couple of stops from Barclays Center and Atlantic Terminal. This property has two rent-controlled tenants. Hurry, this listing will not last long!

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    © 2019 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2019-12-07T17:00:21.447.
    www.remaxedgeny.com/homes/101002595

    524 4 Avenue BROOKLYN, NY 11215

    • Price: $3,188,888
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 434779
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    6,720
    SQFT
    $475
    $/SQFT
    1931
    Built
    Neighborhood:
    Brooklyn
    County:
    Kings (Brooklyn)
    Area:
    Park Slope
    Property Description
    Endless possibilities await in this 4-story mixed-use property. This property is presenting an investor, developer or end-user with a unique opportunity in one of Brooklyns most sought-after neighborhoods. Measuring 28 by 60 structure on a 86-foot lot, the property has 6720 square feet. This property is zoned R8 which allows for approximate of 14,500 buildable square feet in total and could go up 10 floors or higher. This property currently consists of ground-floor restaurant space with full ceiling height, exposed brick and finished basement. The restaurant is fully equipped with all necessary equipment. Its also has a beautiful outdoor seating area in the backyard great for events and parties. Its also has 3-full-floor with 2-bedroom units. The building is in excellent condition with low carrying costs which makes it perfect as an investment with a great rental return. This is also great for an end-user, there is unlimited potential to re-imagine and reconfigure. The location is exceptional and on the most exciting area that hosts a perfect mix of retailers, boutique clothing and jewelry shops, mom-and-pop stores, amazing restaurants, and coffee shops. Transportation couldn't be more convenient; the subway lines are nearby and a only a couple of stops from Barclays Center and Atlantic Terminal. This property has two rent-controlled tenants. Hurry, this listing will not last long!
    Exterior Features

    Building Length 60.00 Building Width 28.00 Commercial Features Exterior Other Construction Materials Brick Exterior Brick Loading Docks None Lot Size Length 86 Lot Size Width 28 Roof Flat Yard Back

    Interior Features

    Basement Amenities FinishedFull Building Footprint Sq Ft 1680 Commercial Features Interior Fire - Smoke AlarmHeatedIntercomKitchenRestrooms - PublicSecurity Alarm Equipment Included Restaurant Equipment is Not included But Has The Option To Purchase From The Owner. Flooring CarpetingCeramicHardwoodParquetTileOther Foundation Details Block Heat Delivery Steam/Radiator Lavatories Other

    Property Features

    Block 1033 Commercial Condo 0 Construction Type Attached Cross Street Name 13th St Cross Street Name2 14th St Electric 110 V220 VCircuit Breakers Financing 1031 ExchangeBank MortgageCash Fuel Expense 5000.00 Gross Income 227460 Heating Fuel Gas Hot Water Gas Insurance Expense 4000.00 Lot Number 42 Lot Size Irregular YN 0 Miscellaneous Expense 2400.00 Number Of Families 4 Number Of Stores 1 Property Sub Type Mixed Use Property Type Mixed Use Tax Amount 19957.00 Transaction Type Sale Utility Expense 1000.00 Zoning R8a

    Listing information © 2019 Brooklyn New York Multiple Listing Service, Inc.
    Listing provided courtesy of Q Realty Group Inc.


    © 2019 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2019-12-07T17:00:21.447.
     
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