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East Flatbush NY, 11203 $2,200,000

Unimproved Land For Sale  

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Details ML#: 3510701  

  • Taxes: $17,802
  • Status:Active

Description

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.

More Property Details

Property Features

Lot Size: 0.21   Lot Sq Ft: 10000  

Appliances & Utilities

Water: Public   Sewer: Public Sewer  

Financial

Taxes: $17,802  

Local Area Information

School District: Brooklyn 18   Zoning: Residential   Block: 4617   Lot: 23  

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