398-40 Montgomery St - Storefront Retail/Office FOR SALE


Brooklyn, NY 11225- Crown Heights
$650,000 USD
516-268-4262
398-40 Montgomery St, Brooklyn, NY for Sale
$650,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | Request Cap Rate

398-40 Montgomery St
Brooklyn, NY 11225
Crown Heights


HIGHLIGHTS

  • VACANT
  • R7-1
  • GROCERY

OVERVIEW

the current site was a grocery story and is now broom clean. The property was two stores then converted to one. Lot #38 Within Block #1305 situates within a R7-1 (100ft of Wide street) with a C2-3 Commercial overlay, which allows either Residential, Commercial, Community Facility or a combination of all; Residential; Residential FAR 4.0 (Wide street) which will allow 3868 Residential Total of 5 Residential units Max. height without Elevator with single means of egress staircase is 4 Stories + Penthouse Max. height with Elevator 75Ft + 10ft with a 15ft setback, total 85ft in height No Rear yard required, either within 100ft of corner, or no rear yard line applicable to this lot However, Legal window cannot open into any yard portion to which its lot line does not contain a distance to the building of 20ft or more. – however, all habitable rooms can be easily allocated to be in the front portion of the lot, which this regulation does not apply when windows open into public street. Parking is fully waived Community Facility Mix (with commercial or residential or both) Residential will remain FAR 4.0 (Wide street) which will allow 3868 Community Facility FAR 4.8 which will allow 4641.60 Commercial FAR is 2.0 Which will only result 1934 However, a Combination of all together cannot exceed the maximum permitted on the Zoning lot to more than 4.8 FAR (greatest FAR) – each individual Use type will be limited to the extended amount (Residential cannot exceed itself 4.0). Moreover, if the combination of All use types exceed 3.5 FAR, the max FAR for Community facility will be 1.0 For Non-Residential Uses only; Max. height without Elevator with single means of egress staircase is 2 Stories Max. height with Elevator 75Ft + 10ft with a 15ft setback, total 85ft in height For all other residential requirements, see above. Residential units above commercial must comply with the Residential portion of the building – however, if there is a plan to do a mixed use building, and owners do not wish to place any elevators in the building, they will require to allocate portions of the first floor for a residential unit, so to comply with Handicapped requirements for residential portions of building.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$678 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

45 feet frontage / boutique development

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

undefined, Storefront Retail/Residential, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

R7-1,C2-3

APN/PARCEL ID

01305-0038

ASK ABOUT THIS PROPERTY

Avraham BirnbaumTwelve Stones Realty LLCMore Info
516-268-4262

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Avraham BirnbaumTwelve Stones Realty LLCMore Info
516-268-4262

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