894-896 Manhattan Ave - Loft/Creative Space FOR SALE
Brooklyn, NY 11222 |
$7,995,000 USD
212-464-8815
894-896 Manhattan Ave
Brooklyn, NY 11222
HIGHLIGHTS
- Long Term Credit Tenant in Place on Ground Floor – Citizens Bank (BBB+ Credit Rating)
- Potential to reposition the upper floors as leases expire
- Located directly in front of the G Train Subway Stop (Manhattan Avenue)
- City of Yes allows for the conversion of the upper floors to residential using an FAR of 3.9 (UAP) for a total buildable of 14,332 SF with NO PARKING
- Low Taxes - $63,713
FOR SALE DETAILS
PRICE
$7,995,000 USD
PRICE/SF
$725 USD /SF
CAP RATE
5.38%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Loft/Creative Space
ADD'L SUBTYPES
Bank, Office/Residential
TOTAL BUILDING SIZE
-
STORIES
3
BUILDING CLASS
C
YEAR BUILT
1931
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.1 AC
LAND SF
4,356 SF
ZONING
C4-3A (R6A Equivalent)
APN/PARCEL ID
02574-0001
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212-464-8815
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212-464-8815
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