Property is being sold with or without a fully occupied restaurant, which occupies the building measuring 20' x 70'. Monthly rent for only the restaurant is $6,000. The land portion where there is currently an auto dealership will be delivered vacant. Pro Forma rent for land portion is $12,000 per month. Can rent out the land or build to suit. R5 Zoning. C2-2 Overlay. Max FAR 1.25. Owner is willing to subdivide the property. The price of 2.2M is for the land only WITHOUT the restaurant. Price of 3.2M includes the restaurant. Pro Forma fully rented is at a 6% Cap.
MLS# | 3510701 |
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Listing Type | For Sale |
Style | Vacant Land |
Sub-Type | Resale |
Status | Active |
Days On Site | 365 |
Listing Provided By | EXP Realty | Rene Attias |
Zoning | Residential |
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Acreage | 0.21 |
State | NY |
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County | Brooklyn |
City | East Flatbush |
Zip Code | 11203 |
Subarea | 13 |
School District | East Brooklyn Community High Sch |
Elementary School | Ps 235 Janice Marie Knight Schoo |
Middle School | Middle School For Art And Philos |
High School | East Brooklyn Community High Sch |
Listing VS Median (in 11203) | |
Price: $2,200,000 low | high Med: $800,000 On Site: 365 low | high Med: 73.000000 |