Mixed use property

3-unit mixed-use building on the northwest corner
of Fulton Street and Hemlock Street in Cypress
Hills
Recently renovated building with two one-bedroom
apartments above a modern food market and full
basement
Entirely free market and 100% occupied
$250,000 in recent capital improvements
Conveniently located near several transportation
options such as the ‘J’ & ‘Z’ trains at the Crescent St
Station one block away
Block / Lot 4131 / 13
Lot Dimensions 20' x 46.92'
Lot Sq. Ft. 939
Building Dimensions 20' x 46.92'
Stories 2
Total Units 3
Building Sq. Ft. 1,878
Zoning R5 / C1-2
FAR 1.25 / 1.00
Buildable Sq. Ft. 1,174
Air Rights Sq. Ft. None
Tax Class 1
Assessment (24/25) $22,982
Real Estate Taxes (24/25) $4,616
Scheduled Gross Income: $105,672
Real Estate Taxes (24/25) $4,616
Insurance $3,000
Net Operating Income: $84,986
Cap Rate  6.07% 

Building Size- 8.100 SF

Lot Size - 2525 SF (25X97)

17 units- 9 Studios, 7 one-bedroom, 1 two-bedroom.

6 Story, walkup

14 Free Market units, 3 RS

1 retail space- 1400 SF

All FM tenants have electric HVAC & pay own heating
Retail tenant only pays 65% of rent
Steps from Tompkins Square Park & restaurants
Steps away from the B, D, F, M, R, W, and 6 Trains

NOI $554.937- $608937

Cap Rate  7.94%

Sale condition 1031 Exchange

Units 11

Property type Multifamily

Building Size 5.509 SF

Average Occupancy 100%

Year Built/renovated 1910/2010

The property is a mixed-use building in the heart of Richmond Hill, Queens

The building consist of four floors above grade plus a lower level and totals approximately 5,520 square feet of above grade space.

There are 2 commercial units one that is on a month to month lease and one with a lease expiring in February of 2026.

9 occupied Rent Stabilized residential units. The property sits on a 2,300 square foot corner lot and is zoned R6A with a C2-3 commercial overlay.

1+1 9 units

Studios 2

Gross Square Feet: 7,809 Approve Square Feet
Net Square Feet: 5,663 Approve Square Feet
Existing Square Feet: 3,919 (19’ x 78’ first floor and 19’ x 64’ each 2nd & 3rd Floors)
Zoning: (FAR), R8A (6.02) with a C2-5 Overlay (2.0)
Total Buildable: (6.02 FAR) 9,150.4
Assessment: $342,900 (20/21)
Real Estate Taxes: $36,669.76
Basement Floor: 19’ x 80’ = 1,520 Gross Sq Ft storage
Ground Floor: 19’ x 80’ = 1,520 Gross Sq Ft Commercial
Second Floor: 19’ x 68’ = 1,292 Gross Sq Ft Residential
Third Floor: 19’ x 68’ = 1,292 Gross Sq Ft Residential
Fourth Floor: 19’ x 65’ = 1,235 Gross Sq Ft Residential
Fifth Floor: 19’ x 65’ = 1,235 Gross Sq Ft Residential
Sixth Floor: 19’ x 65’= 1,235 Gross Sq Ft Residential
 

Residential Units 18
Commercial Units 2
Building Sq. Ft. 10,100
$955 / $/SF
Buildable Sq. Ft. 10,122
Air Rights Sq. Ft. 22

Financial Summary 
Net Operating Income: $571,958  Existing,
Gross Residential Income $707,496
Gross Commercial Income $173,988
Scheduled Gross Income: $881,484

Real Estate Taxes (24/25)* $210,511 
Electric* $1,800 RE 
Reimbursement* ($21,189) 
Repairs & Maintenance $6,000 
Water & Sewer* $10,500 
Payroll $10,000 Insurance* $12,917
Legal/Miscellaneous $8,516 
Fuel (Gas)* $15,000 
Management $25,547

Commercial 2 $7,250 monthly
Studio 1 $3,150 monthly
1 BR 17 $3,283- $55,808 monthly

RS 1 $1,488

This is a 18.5X101 ft vacant lot, with 7500 buildable sf.ft option to build mixed use luxurious building, or a single-family home with an elevator and roof deck. 2 min walking distance from 125th Street subway station. Please find more details in the documents attached. $93 per sq.ft

33’ WIDE DEVELOPMENT SITE FOR SALE
OPPORTUNITY ZONE
PRIME DEVELOPMENT OPPORTUNITY
193-195 ROCKAWAY AVENUE
BROOKLYN, NEW YORK
•Location: East side of Rockaway Avenue between Atlantic Avenue andPacific Street
•Block: 1435
•Lots: 1, 2
•Lot Size: 33' x 100'
•Zoning: R6 (2.43) Height Limit 65’
•Buildable Sq. Ft: 7,292
•Taxes: (23/24) $9,011.32
Description: A 33’ wide development site off Atlantic Avenue which is allowed to be developed into a 7,292 square foot building. The new building can have a mixture of studios, one and two bedroom apartments. The new property can also be a mixed-use building with stores on the ground floor and apartments above. The original commercial space can be grand fathered into the new building. Ocean Hill is experiencing a lot of development in the town house and ground up development market. There will be a lot of demand for the site because of its size and proximity to the C train which is two blocks away. The area has fine retail stores and is within 30 minutes to the city. Potentially, it can be a six story building with 1215 Sq.Ft each floor with 10ft high, with two two-bedroom apartments in each floor, in total 10 two-bedroom apartments with a 1215 sq.ft store on the ground floor.ASKING PRICE: $1,650,000 OR $226.00 PER BUILDABLE SQUARE FOOT

ONE STORY COMMERCIAL BUILDING FOR SALE PRIME USER/ DEVELOPMENT OPPORTUNITY 55 PITT STREET NEW YORK, NEW YORK Location: West side Pitt Street between Delancey and Rivington Streets Block: 343 Lot: 66 Lot Size: 19' x 100' irr Building Size: 2,122 Square Feet--- Stories: One (1) Buildable Sq Ft: 11,587 Air Rights: 9,465 Zoning: (FAR) R8A (5.4) with a bonus of 7.20 for inclusionary housing Height Limit 120’ Assessment: $258,480 (22/23) Taxes: (23/24) $27,378.20 A 19’ wide one story vacant building that is 100’ deep. The site is zoned R8A which has a height limit of 120’. The zoning allows for a 100% residential building to be built, or a mixed-use building. The commercial space would can be grand fathered into the new property. The site’s size allows a developer to build numerous apartments with great sunlight and views. The site is on the same block as the River Ridge Condos and 206-210 Delancey Street which is a twelve story luxury condo apartment building. The property is close to all modes of transportation and fine retail stores on Delancey and Clinton Streets. ASKING PRICE: $2,900,000 or $251 per Buildable Square Feet For Further Information or Inspection

23-Units, Mixed-Use corner Building for $2.600.000

The address is 2299 Adam Clayton Powell Boulevard.

On the corner of 135th street and Adam Clayton Powell Boulevard.

3 commercial stores 23-RS units

Incomes

1. Apartments - 251.580 annually
2. Commercial stores - $158,891 annually
3. Antenna - $11,398 annually 

GROSS INCOME - $ 421869  

RE taxes - 104.197

Electricity & Gas $18,000

Tax Reimbursement ($11,133)

 Repairs & Maintenance $15,000

Water & Sewer $11,143 

Exterminating $1,568

Insurance $19,550 

Legal/Miscellaneous $8,192

Super $7,500 

Management $16,384

$298 / $/SF

Net Operating Income: $219,201

8.5% Cap Rate

THREE STORY MIXED-USE BUILDING,
One store, two apartments

Basement: 20’ x 45’ = 900
1st Fl: 20’ x 45’ = 900
2nd Fl: 20’ x 45’ = 900
3rd Fl: 20’ x 45’ = 900
R6 (2.43) with a C1-3 Overlay (2.0) Height Limit 70’
A 20’ wide two-unit three story mixed use building. The property has a 
store on the ground floor, which has access to the basement. The second 
floor is a three-bedroom floor-through apartment. The third floor is a four bedroom floor-through apartment. 
The units have a full kitchen and full bathroom and are individually 
metered for gas and electric. The meters are in the basement and the boiler 
and water heater is gas.
Real Estate Taxes: $6,124.00
Water & Sewer: $3,200.00
Insurance: $3,400.00
Heat (Gas): $3,200.00
Electric: (common areas) $1,200.00
Repairs & Maintenance:
Total Annual Expenses
$2,750.00
$19,874.00
First Floor: Store Commercial $2,500 Mo-Mo $2,750
Second Floor: #1, 3 Bd Apt Free Market $1,700 Mo-Mo $3,000 
Third Floor: #2, 4 Bd Apt Free Market $2,200 Mo-Mo $3,750 
Monthly Income: $6,400 $9,500
Annual Income: $76,800 $114,000