Property Showcase

393 Atlantic AvenueBrooklyn, NY 11217 0

$4,000,000
Multi-Family
Status: Active
  • Sqft:2,940
  • MLS#: 413372
40.687259674072266-73.9849853515625
Courtesy Of Brooklyn Real Property Inc.

Description:

Location... Location...PRIME Boerum Hill Most desirable Atlantic Avenue & bond retail high traffic & visibility! Rare opportunity to own this legal 2 family Street level (Easily converted back to mixed use/Store) with church! 5 over 5 rooms plus approx 1,470 sq ft church with 20 ft ceiling! Building sqft 2,940 Building dimensions 21 ft x 65 ft Roof height 40 ft Ground elevation 40 ft No leases - delivered vacant with R7A, C2-4, DB zoning Residential FAR 4 Facility FAR 4 FAR as built 1.75 i Allowed usable floor area 6,720 Usable floor area as built 2,940 Unused buildable square feet (air rights) = 3,780. Can built condo & much more! 4% Projected Cap rate - Great upside! Walk to Barclay! Near all train & Downtown development! Minutes to Manhattan or walk to City! Our EXCLUSIVE!!! Proof of funds & qualify buyers ONLY!! Top floor on reshow only! Do not disturb resident!

Main Features:

Listing Status Active Year Built 1920
Floors 3 County kings (brooklyn)
Rental Price $0 Zoning R7a

Additional Features:

Basement Details Finished
Building Type Attached
Ceiling Height 20+ Foot
Commercial Features Living Space Available
Restrooms - Staff
Sign - Building
Sign - Door
Sign – Roof
Construction Brick
District Brooklyn
Electric 220 V
Exterior Brick
Financing Cash
Conventional
Negotiable
Other
Flooring Concrete
Hardwood
Other
Foundation Poured Concrete
Heat Steam/Radiator
Heating Fuel Gas
Hot Water Gas
Hot Water Coil in Boiler
Lavatories 4+
Loading Dock None
Owner Occupied No
Property Subtype Mixed Use
Roof Flat
Rubber
Sale Type Arm's Length
Transaction Type Sale
Yard Back
Fenced - Full

Extra Features:

Building Square Feet 1365 Cap Rate 0.04
CDOM 538 Fuel Exp 2000.00
Gross Expenses 15082.00 Gross Income 180000
Insurance Expense 4000.00 Lot Size Length 80
Lot Size Width 21 Lot Sq Ft 1680
Net Operating Income 164918.00 Number Of Families 2
Number Of Stores 1 Unit Count 3
Utilities Expenses 2400.00

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Brooklyn Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed.
Copyright© 2019 Brooklyn MLS. All Rights Reserved.
Last Updated On: 2/20/2019 7:20:14 PM

393 Atlantic Avenue, Brooklyn, NY 11217

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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Brooklyn Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed.
Copyright© 2019 Brooklyn MLS. All Rights Reserved.
Last Updated On: 2/20/2019 7:20:14 PM

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