Corner Mixed-Use | FOR SALE

Highlights:

• Low Maintenance: Building was renovated in 2015 and has been well maintained since, with no need for short term capital improvements.
• Upside in Legal Rents: Though the 8 residential units are rent stabilized, current leases have preferential rents in place, with ~15% upside in legal rents.
• Excellent Light & Air: Side and rear air shafts provide units with substantial light and air, allowing for efficient unit layouts.
• Separate Utilities: Tenants are responsible for their own electric, heat & hot water
• Protected Tax Class: 2B Tax Class limits tax increase to no more than 8% a year or 30% over 5 years.
• Transportation Accessibility: Within 2 blocks of the 3-train at Van Siclen Avenue, offering access to Atlantic Terminal and FiDi within 30-45 minutes.

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