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Apartments For Sale • 3,000 SF
| Fully Free-Market: The property is fully free market, allowing future ownership to capitalize on neighborhood improvement. |
| Available Air Rights: There are roughly 1,150 SF of unused air rights for future expansion, development, or disposition. |
| Protected Tax Class: 2A Tax Class limits tax increase to no more than 8% a year or 30% over 5 years. |
| Transportation Accessibility: Within 6-8 blocks from J, M, Z trains at Myrtle Ave and Kosciuszko Street, as well as G train at Bedford/Nostrand stop. |
| Highly Efficient: Manageably sized units attract student and professionals alike, while keeping operating costs low. |
| Low Maintenance: Building has been fully renovated and maintained, with no need for short term capital improvements. |
| Cap Rate: | 6.17 % |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) | 6 min | - | 1.9 mi |
| Atlantic Terminal (Babylon Branch - Long Island Rail Road, City Terminal Zone - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) | 9 min | - | 2.9 mi |
| Transit/Subway | Drive | Walk | Distance |
| Kosciuszko Street (J - New York MTA Subway (The Subway)) | 1 min | 10 min | 0.5 mi |
| Myrtle Avenue (J - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway)) | 2 min | 10 min | 0.6 mi |
| Flushing Avenue (J,M Line) (J - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) | 2 min | 12 min | 0.6 mi |
| Myrtle-Willoughby Avenues (G - New York MTA Subway (The Subway)) | 3 min | 14 min | 0.8 mi |
| Central Avenue (M - New York MTA Subway (The Subway)) | 2 min | 17 min | 0.9 mi |
| Airport | Drive | Walk | Distance |
| Laguardia | 18 min | - | 8.7 mi |
| John F Kennedy International | 21 min | - | 11.0 mi |
| Newark Liberty International | 31 min | - | 16.3 mi |
DJ Johnston
Matthews Real Estate Investment Services
DJ Johnston
Matthews Real Estate Investment Services
