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Mixed-Use

940 Manhattan Ave

940 Manhattan Ave, Brooklyn, NY 11222

Listing Price: $4,000,000

Cap Rate
3.00%
Occupancy
100.0%

Investment Overview

Marcus & Millichap is please to offer for sale on an exclusive basis a mixed-use value add investment property located at 940 Manhattan avenue, Brooklyn, NY. Zoned R7A, C2-4, ( Block & Lot: 2551-6)the lot size is 2500 and the ground floor is built to the lot line. The two residential floors are built 25 feet by 45 feet allowing for generous apartment layouts. The addition air rights provide for additional units and floors to be added.

Investment Highlights

  • Prime Free Market Mixed-Use in Greenpoint Brooklyn. Value Add Opportunity. Month to Month Leases
  • Minutes to the G Subway Station that Connects to the L on Bedford Avenue. Ten Minutes to Manhattan
  • Strong Retail and Residential Demand. Low Vacancy. Commercial Leasing Rate Range Between $75 to $100Pper Square Foot
  • All Tenants are on a Month-to-Month Basis. A Future Tenant can Opt for a Vacant Building Delivered at Closing or Keep the Current Tenants and Negotiate New Leases
  • Over 5000 Square Feet of Available Air Rights

Exclusively Listed By

Financing By

Mixed-Use

940 Manhattan Ave

Listing Price: $4,000,000

Cap Rate
3.00%
Occupancy
100.0%

Investment Highlights

  • Prime Free Market Mixed-Use in Greenpoint Brooklyn. Value Add Opportunity. Month to Month Leases
  • Minutes to the G Subway Station that Connects to the L on Bedford Avenue. Ten Minutes to Manhattan
  • Strong Retail and Residential Demand. Low Vacancy. Commercial Leasing Rate Range Between $75 to $100Pper Square Foot
  • All Tenants are on a Month-to-Month Basis. A Future Tenant can Opt for a Vacant Building Delivered at Closing or Keep the Current Tenants and Negotiate New Leases
  • Over 5000 Square Feet of Available Air Rights

Investment Overview

Marcus & Millichap is please to offer for sale on an exclusive basis a mixed-use value add investment property located at 940 Manhattan avenue, Brooklyn, NY. Zoned R7A, C2-4, ( Block & Lot: 2551-6)the lot size is 2500 and the ground floor is built to the lot line. The two residential floors are built 25 feet by 45 feet allowing for generous apartment layouts. The addition air rights provide for additional units and floors to be added.

Exclusively Listed By

Financing By

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