9102 Church Ave - Schools FOR SALE


Brooklyn, NY 11236
$7,500,000 USD
718-475-4348
9102 Church Ave, Brooklyn, NY for Sale
$7,500,000 USD
Schools - FOR SALE
1/7
null | Request Cap Rate

9102 Church Ave
Brooklyn, NY 11236


HIGHLIGHTS

  • 20,568 square foot two-level building built on a 20,000 square foot R5-zoned lot
  • Approximately 9,200 square feet of ground-level lot space (7,200 on separate tax lot)
  • Ideal for a user, but also an opportunity for an investor or residential developer
  • Configured as an educational facility with 13 classrooms and a kitchen/cafeteria
  • Located in the Canarsie neighborhood of Brooklyn between E 91st St & E 92nd St near the Saratoga Ave subway station.

OVERVIEW

The Nowak Group of Marcus and Millichap has been exclusively retained by ownership to arrange the sale of 9102 Church Avenue in Brooklyn, NY (Block 04712- Lots: 0036 & 0042) The subject property is located between E 91st and E 92nd Streets in the Remsen Village section of East Flatbush, Brooklyn. The subject property is approximately 20,000 square feet of R5 zoned lot space, which spans the block on Church Avenue. Lot 0036 is improved by a single-story, two-level structure, totaling 20,568 square feet (the lower level is semi-grade with windows and egress points), while lot 0042 offers 7,200 of open space. The existing combined usable gross square footage of the subject property is just under 30,000 square feet. 9102 Church Avenue is currently vacant and was formerly occupied by a day care/school. The building is currently configured as an educational facility with 13 classrooms and a kitchen. Located near the intersection of Linden Boulevard (Route 27), Kings Highway, and Remsen Avenue, the subject property offers easy access from major auto thoroughfares and bus routes. The undeveloped lot space between both tax lots totals approximately 9,200 square feet (7,200 square feet on lot 0042 and 2,000 square feet on lot 0036). A purchaser has the opportunity to capitalize on the vacant lot at 0042 can by selling it off, using it as parking or as a playground or for further development. The improvements lot 0036 lend themselves to the development of additional floors on top of the existing structure. The site’s R5 Zoning allows for the development of approximately 25,000 ZSF of housing based on an F AR of 1.25 or 40,000 ZSF of community facility space based on an FAR of 2.0. Combined with 20,000 SF of sub-grade space, it is possible to develop a total of 60,000 usable square feet for community uses across the assemblage. 9102 Church Avenue offers both users and investors the opportunity to purchase a sizeable community facility with future residential redevelopment potential, well-located near a major traffic hub in Brooklyn.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$365 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

R5

APN/PARCEL ID

04712-0036

ASK ABOUT THIS PROPERTY

Jakub NowakMarcus & MillichapMore Info
718-475-4348

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Jakub NowakMarcus & MillichapMore Info
718-475-4348

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