REAL ESTATE DEVELOPMENT OPPORTUNITY.
THE PROPERTY WILL BE DELIVERED WITH APPROVED PLANS WITH THE DEPARTMENT OF BUILDING.
Rental Building or Condominium Project plans by ISAAC & STERN ARCHITECTS.
Vacant building, no existing tenants in place.
The current annual taxes are $6,927.32 and class tax 2A will help keep the taxes low.
*Please consult with your accountant
Proposed plans call for a vertical and horizontal enlargement that will result in 5 Floors 10 apartments
(9 studios & 1 PH 2 bedroom)
Package Room, Laundry Room, Refuse Rom, Roof
Proposed gross area= 6,493 SF
Proposed Net RENTABLE / SELLABLE SF = 4,294 SF
This is a very rare opportunity with a highly desirable unit mix and efficient layouts to create long-term value and income.