1098 Manhattan Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11222- Greenpoint
$3,800,000 USD
631-848-7780
1098 Manhattan Ave, Brooklyn, NY for Sale
$3,800,000 USD
Storefront Retail/Residential - FOR SALE
1/5
null | Request Cap Rate

1098 Manhattan Ave
Brooklyn, NY 11222
Greenpoint


HIGHLIGHTS

  • Delivered Vacant
  • Located in a Qualified Opportunity Zone
  • 10,000 Approx. Buildable SF

OVERVIEW

Investment Property Realty Group (IPRG) has been exclusively retained to market the sale of 1098 Manhattan Avenue, a prime mixed-use property situated between Dupont Street and Clay Street in the highly sought-after Greenpoint neighborhood of Brooklyn. This well-positioned asset comprises five residential units and one commercial space, all of which will be delivered vacant, providing a unique opportunity for redevelopment or repositioning. The existing structure spans approximately 3,750 square feet, with dimensions of 25 ft x 55 ft on the first and second floors and 25 ft x 40 ft on the third floor. The property occupies a 25 ft x 100 ft lot and is zoned R7A, C2-4, offering a 4.0 FAR and 10,000 as-of-right buildable square feet, with up to 12,525 square feet under the Universal Affordability Preference (UAP) program. The property is located within walking distance to the G subway line

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$921 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R7A, C2-4

APN/PARCEL ID

02488-0003

ASK ABOUT THIS PROPERTY

Donal FlahertyInvestment Property Realty GroupMore Info
631-848-7780

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Donal FlahertyInvestment Property Realty GroupMore Info
631-848-7780

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.