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Apartments For Sale • 5,720 SF
| One block from an array of retail and dining options while also being one block from Washington Park. |
| Owner-User Potential: Ideal for an owner-user, this property provides the unique opportunity to build out an expansive triplex unit (1F, 2F, 3F) |
| Low Basis: Our asking basis of $385 per SF is 40% below the average neighborhood basis of $666. |
| Though half the building is already either vacant or free market, the asking price is roughly 30% of the building’s value if fully vacant. |
| Current proforma is based on re-tenanting in as-is condition, though the market can sustain higher rents with capital improvements. |
| Tax Class Protected: 2A Tax Class limits tax increase to no more than 6% a year or 30% over 5 years. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) | 16 min | - | 5.0 mi |
| Transit/Subway | Drive | Walk | Distance |
| 4 Avenue-9 Street (F,G Line) (F - New York MTA Subway (The Subway)) | 1 min | 4 min | 0.2 mi |
| 4 Avenue-9 Street (D,M,N,R Line) (D - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) | 1 min | 6 min | 0.3 mi |
| 7 Avenue (F,G Line) (F - New York MTA Subway (The Subway)) | 2 min | 9 min | 0.5 mi |
| Union Street (D - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) | - | 11 min | 0.6 mi |
| Airport | Drive | Walk | Distance |
| La Guardia | 18 min | - | 13.1 mi |
| John F. Kennedy International | 27 min | - | 20.1 mi |
| Newark Liberty International | 28 min | - | 21.1 mi |
DJ Johnston
Matthews Real Estate Investment Services
DJ Johnston
Matthews Real Estate Investment Services
