Assignments

Prime Midwood Development Site

1310 Avenue J, Brooklyn, NY 11230

1310 Avenue J, Brooklyn, NY 11230

under contract

Asking
Sale Price
$
3750000

Property Details

Status
For Sale
Property Type
Residential Development Site
Price Summary
$
3750000
Sale Price
$
Buildable SF
24000
Building SF
24000
LOT SF
24000
Cap RATE
4.8
%
Zoning
C4-4A

Highlights

  • Long Term Neighborhood Tenants
  • Located 3 blocks from the Q Train Subway Stop (Avenue J and E. 16th Street)
  • City of Yes allows 30,060 Building Square Feet (UAP) with NO PARKING REQUIREMENT
  • Tenants pay taxes over a base year

Property DEscription

Landair Property Advisors has been hired to sell the commercial building located at 1306-1312 Avenue J in the Midwood section of Brooklyn. The property consists of a 1-story building with 2 tenants, a restaurant and a fruit store. The property consists of 6,000 SF as well as a basement. This property falls under C4-4A zoning on a wide street, allowing for a diverse range of commercial and potential residential development. Located 3 blocks from the Avenue J Q subway stop, 1306-1312 Avenue J benefits from high pedestrian traffic and excellent accessibility, enhancing its value as a retail and future development site.

Map

Anand Melwani
Partner
(516) 658-1222
am@landairnyc.com

Documents

Offering Memorandum
Data Room

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