1500 Ralph Avenue, Brooklyn, NY 11236-3149

East Flatbush, Brooklyn, New York 11236

$6,000,000   $5,250,000  

Listing ID Number

24801

Property Description

BID DEADLINE: WEDNESDAY - MARCH 8TH

Cushman & Wakefield has been retained on an exclusive basis to sell this large corner property fronting both Ralph Avenue and Foster Avenue in East Flatbush, Brooklyn. The site is situated in a heavily trafficked area with a 4-way stop light that further highlights the property’s retail conversion opportunity. There are four tenants currently occupying the lot, however the entire property will be free of leases come December 2017.

Overview

Building Type:Development/Conversion Sites
Location:The subject property is located on the northwest corner of Ralph Avenue and Foster Avenue.
Section/Block/Lot:7932/320/325
Lot Sq Ft:17,750
(Approx.)
Buildable Sq. Ft:17,750
(Approx.)
Unit Sq Ft:12,661
(Approx.)
Units:4
Zoning:M1-1
FAR:1.00
Assessment Value:$446,579
(16/17) (Approx.)
Taxes:$47,221
(16/17) (Approx.)

Contact

For further information or inspection, please contact Exclusive Agents:

Edward Gevinski
Senior Director
(718) 307 6502
edward.gevinski@cushwake.com

Brian Streilein
Director
(718) 307 6505
brian.streilein@cushwake.com


Property Images

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Property Map


Aerial View


Tax Map

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The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.