Residential Bedford Stuyvesant

THREE STORY NEWLY BUILT THREE FAMILY BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
OPPORTUNITY ZONE

Location: East side of Marcy Avenue Between Gates Avenue and Quincy Street
Block: 1808
Lot: 50
Lot Size: 20’ x 85’

Building Size:
Basement: 20’ x 51’ 1,020
1st Floor: 20’ x 51’ 1,020
2nd Floor: 20’ x 51’ 1,020
3rd Floor: 20’ x 51’ 1,020
Stories: Three (3)
Gross Square Feet: 3,060 (Approximately) Above Grade
Zoning: (FAR) Total Buildable Square Feet: R6B (2.0) 3,060
Total Available Air Rights: 340
Assessment: $61,270 (25/26)
Real Estate Taxes: $266.72 Property has a 421A Tax Abatement. Expires in 2034

A 20’ wide three unit, three story newly built building. The property was built ten years ago, the first floor is a two-bedroom floor-through apartment. The second floor is a three-bedroom, floor-through apartment and the third floor is also a three bedroom, floor-through apartment. The basement also has a below grade one-bedroom basement unit. All the units are individually metered for gas and electric, they have their own gas boilers and water heaters in the apartments. The units also have their own washer and dryers. The hallways and stairs are nicely carpeted, and well kept.

Basement: The property has a below grade basement, which is a one-bedroom apartment. The unit has a living/dining area, a full kitchen and bathroom. There is a washer and dryer along with its own gas boiler and water heater. The space has nice hardwood floors. The basement has 8’ ceilings and has access to the back yard and front of the building. The space get’s great sunlight and has windows on all four sides. The basement is owner occupied.

First Floor: The first floor is a two-bedroom floor through apartment. The unit has a living/dining area, a full kitchen and bathroom. There is a washer and dryer along with it’s own gas boiler and water heater. The space has nice hardwood floors. The apartment has 9’ ceilings and has access to the back yard.

Second Floor: The second floor is a three-bedroom floor through apartment. The unit has a living/dining area, a full kitchen and bathroom. There is a washer and dryer along with it’s own gas boiler and water heater. The space has nice hardwood floors.

Third Floor: The third floor is a three-bedroom floor through apartment. The unit has a living/dining area, a full kitchen and bathroom. There is a washer and dryer along with it’s own gas boiler and water heater. The space has nice hardwood floors.

Roof: There’s also a rooftop terrace with outdoor seating and a garden.

The property is a prime investment opportunity, after the 421A tax abatements expires the units become free market. The 340 square feet of air rights can be added to the top floor to create a duplex four bedroom apartment.

The property is also a great user opportunity, a user can create a duplex apartment with the basement and first floor apartment. The upper apartments can be rented for income.