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Off market
Street View
  • $792,600

    2632 Atlantic Ave, Brooklyn, NY 11207

    --beds
    0baths
    --sqft
    MultiFamily
    Built in 1920
    -- sqft lot
    $792,600 Zestimate®
    $--/sqft
    $3,788 Estimated rent

    What's special

    Warren Lewis Sotheby's International has been retained on exclusive basis to market this great corner building located in Cypress Hills. This Extra Large corner 100% rented income producing building offers under the new approved zoning (R8A with Commercial Overlay) additional 12,249 of air rights. It is also qualifies for a community facility bump in FAR and in that case it will add another 4,786 of air rights. Gross Income - $320,000 NOI - $230,000 Current Cap - 4.1% POTENTIAL CAP - 7-8% Occupied by 2 tenants with 4 years left on their leases. Lot Size: 4,056 Lot Dimensions: 49.75 ft x 82 ft New FAR - 6.02 FAR with community Facility - 7.20 Existing sqft: 12,168 Total Allowed with 6.02 Far - 24,417 sqft Total Allowed with 7.2 Far - 29,203 This building will be delivered 100% occupied. Located on a very busy intersection of Pennsylvania & Atlantic Avenues. Contact us today for more details.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Features
    • Basement: Basement (not specified)
    • Has fireplace: No

    Property

    Lot
    • Size: 4,056 sqft

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1920

    Community & neighborhood

    Location
    • Region: Brooklyn
    Services availability