Mixed Use Marvel

435 Dekalb Ave Brooklyn, NY 11205

FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$3,900,000
Last Verified:
Oct 22, 2020


Description

The building contains a total of six Residential Units; All apts are 3 bedroom railroad style apts to be delivered Vacant. Each unit is clean and in rent-able condition. Strong potential for conversation exist, please schedule site tour.
The building also includes 2 Commercial Stores, one store is currently vacant and the other is a leased Restaurant. Also includes sub terrain Basement as well as back yard. Roof is in average condition.
Zoning for this Commercial property is R7A, C2-4, property taxes for 2020 total $16,625. Unused Buildable FAR is 3750 sq/ft. All relevant historical data available on demand.

Multiple forms of transportation including the G Train 1 Block away @ Classon Ave, Pratt University around the corner, This neighborhood IS The Big thing in Brooklyn.

For more info or scheduling a private walk thru please feel free to reach out anytime

Welcome to the perfect investment opportunity in one of the most desirable neighborhoods in Brooklyn.

The subject property is located at 435 Dekalb Ave between Taaffe and Classon Ave in Clinton Hill Brooklyn, the center of North East Brooklyn’s most aggressively sought after subdivision is here for the taking. Bordering neighborhoods include Bedford Stuyvesant, Fort Greene and Williamsburg. This four story commercial building was built in 1905


Year Built: 1905
Building Size: 7020.0sq ft
Lot Size: 0.06 acres

Map of 435 Dekalb Ave, Brooklyn, NY, 11205

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.