59 Belmont Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11212
$2,499,999 USD
732-403-4549
59 Belmont Ave, Brooklyn, NY for Sale
$2,499,999 USD
Storefront Retail/Residential - FOR SALE
1/2
null | 5.1% Cap Rate

59 Belmont Ave
Brooklyn, NY 11212


HIGHLIGHTS

  • Redevelopment oppurtunity with a commercial retail option
  • Total FAR of 3.9 under UAP program with 19,500 SF total developable.
  • development opportunities available in conjuction with tax abatement
  • 50 foot frontage
  • Neighboring tenants include national retailers such as Domino's, Chase, and T-Mobile.
  • Delivered Vacant

OVERVIEW

Prime investment opportunity. Delivered Vacant Can also be put together as portfolio with 60 Belmont Avenue. -59 Belmont Ave., Brooklyn NY 11212 -Zoning District: R6 C1-3 -Total Far of 3.9under the UAP (affordable development) program with 19,500 Square Feet total developable. -HPD/HCR subsidies would be an option.(Tax abatement) -Additional development opportunities are available under the CF (community facility) in conjuction with 485X (tax abatement) -Building delivered vacant. -This is a prime location with first floor at 5,000 square foot and a 3,500 square foot basement -Transit Zone -FRESH Zone -50 Foot frontage -100 Foot Depth -12 Foot Ceiling -Basement -2 Zone HVAC System for ease of dividing retail space -purchaser to perform all due diligence per development opportunities.

FOR SALE DETAILS

PRICE

$2,499,999 USD

PRICE/SF

$500 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Office/Residential, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R6 C1-3

APN/PARCEL ID

03524-0031,03524-0032

ASK ABOUT THIS PROPERTY

Shlomo ShaharabanyShlomo ShaharabanyMore Info
732-403-4549

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Shlomo ShaharabanyShlomo ShaharabanyMore Info
732-403-4549

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