Properties For Sale
Single-Story Retail - Development Opportunity
Asking Price: $2,200,000
Located at 1908 Cross Bronx Expy, Bronx, NY 10472. Block & Lot: 03794-0120, Zoning: R6 / C1-2, Lot Dimensions: 50 x 149.54 (Irregular), Lot Size: 6,750 Sq. Ft.
FAR: 3.9, Buildable: 26,325 Sq. Ft., Existing Footage: 3,250, Air Rights: 23,075
Building Dimensions: 50 x 120 Ft., Building Size: 3,250 Sq. Ft., Stories: 1, Units: 3
Located on the south side of East 177th Street between Newbold Avenue and Hugh J. Grant Circle. Access to the 6 line Subway. Built in 1925, one story retail building with 3 tenants:
Tenants:
Pay-O-Matic: Monthly rent $6,377.88 / Annual Rent $76,534.56 – Leases expiration 11/13/2027 with a 5 year renewal option
VIP Barber Shop & Spa LLC: Monthly rent $2,654 / Annual Rent $31,848 – Lease expires 06/30/2030
Manny’s Unisex: Monthly rent $3,130.04 / Annual rent $37,560.48 – Lease expires 12/13/2029
Gross Annual Rental Income: $145,943.04 + Tax Reimbursement $576 + Water/Sewer Reimbursement $1,356
Total Gross Income: $147,875.04
Operating Expenses $42,099.20: Taxes $32,173.20 + Water/Sewer $1,915+ Insurance $8,011
NOI: $105,775.84 Annually
East Williamsburg Large Warehouse Plus Parking Lot
Asking Price: $13,500,000
254-264 Scholes Street & 253-257 Meserole Street, Brooklyn, NY 11206
Located in the Williamsburg section of Brooklyn, the property consists of 7 lots adjacent to each other with 150 feet of frontage on Scholes Street and 125 feet of frontage on Meserole Street.
The property was fully leased to PAY-O-MATIC Corp. They used the property as parking and warehouse space for their business operations. There are currently 3 separate warehouse buildings on the property. One of the buildings is 50 x 200 sq. ft. and consists of 10,000 sq. ft. with an additional 2,500 sq. ft. of a second floor. The size of a second warehouse building on the property is 50 x 100 sq. ft. with a second floor and a total of 10,000 sq. ft. The size for the third and smallest warehouse building is 25 x 100 sq. ft. with no second floor. The remaining 10,000 sq. ft. of the property is used for parking. The ceiling heights are 16ft and 11ft.
Block & Lot Numbers: 03046-0022, 24, 26, 27, 47, 48 & 49
Lot Size: 27,500 square feet, Zoning: M1-1, Commercial FAR: 1.00 – 27,500 buildable Square Feet
Facility FAR: 2.40 – 66,000 buildable square feet
Delivered Vacant