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Property Description

Calling All Investors, Developers & End-Users!!! SHOVEL READY Development Site For A 22 Unit 19,100+ Sqft Building In Brooklyn For Sale!!! The Property Has Plans In Place For A Brand New Building!!! The Building Will Feature Great Exposure, Excellent Signage, 5 (2 Br.) Apartments, 1 Br. Apartment, 7 Parking Spaces, High 9’ Ceilings, 7 Stories, Sprinklers, Elevator, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Brooklyn Near Barclays Center, Brooklyn Museum, Kings Theatre & Brooklyn Children’s Museum!!! Neighbors Include Starbucks, UPS, The Home Depot, Public Storage, CubeSmart Self Storage, Safeguard Storage, Target, Staples, Planet Fitness, PetSmart, Shake Shack, Mavis Discount Tire, Auntie Anne’s, Wendy’s, Checkers, White Castle, KFC, +++!!! This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site!!!

Income:

(5) 2 Br. Apts.: $252,000 Ann.

(10) 1 Br. Apts.: $384,000 Ann.

(5) Studio Apts: $138,000 Ann.

2 Br. Penthouse: $62,000 Ann.

1 Br. Penthouse: $51,600 Ann.

7 Parking Spaces: $21,000 Ann.

Pro Forma Gross Income: $908,600 Ann.

Expenses:

Gas: $0

Electric: $0

Water & Sewer: $3,257 Ann.

Insurance: $5,217 Ann.

Taxes: $8,254.96 Ann.

Total Expenses: $16,728.96 Ann.

Pro Forma Net Operating Income (NOI): $ 891,871.04 Ann.

Features
Heating System:
Oil
Cooling System:
Central Air
Basement:
See Remarks
Community Features:
Park, Near Public Transportation
Electric:
Three Phase
Fireplaces Total:
0
Garage Spaces:
0
Lot Features:
Near Public Transit
Sewer:
Public Sewer
Utilities:
See Remarks
Address Map
City:
NY
State:
NY
County:
Kings (Brooklyn)
Directions:
Empire Street to Lamont Court
Property and Construction
Architectural Style:
Apt In Bldg
Association Fee Includes:
Heat, Water
Construction Materials:
Brick
Development Status:
Block
High School:
William Cullen Bryant High School
Lease Term:
12 Months
Levels:
One
Agent MlsId:
176463
Office MlsId:
CBE01
MiddleOrJunior School:
Is 125 Thomas J Mccann Woodside
New Construction:
1
Number Of Units:
22
Rent Includes:
Heat, Water
Senior Community:
1
Special Listing Conditions:
No
Stories Total:
7
Tax Annual Amount:
$8,255
Water Source:
Other
PhotosCount:
10

Commercial Sale For Sale

17-19 Lamont Court, New York, NY

5,304 Acre
$3,950,000
Listing ID #815482
Basic Details
Property Type :
Commercial Sale
Property SubType :
Multi Family
Listing ID :
815482
Price :
$3,950,000
Bathrooms Total :
0
Building Area :
19,168 Sqft
Lot Area :
5,304 Acre
Year Built :
1940
Status :
Active
Status :
Active
Listing Office :
All Island Estates Realty Corp
Listing Agent :
Richard Matt Shane
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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