Vacant building

Lot Size: 25’ x 100, The 44-foot tall structure will yield 4,970 square feet for residential use. Seven apartments will be created, averaging 710 square feet apiece, indicating rentals. Tenants will have access to a laundry room and storage in the cellar.

Permits have been pre-filed for a four-story residential building at 168 Bradford Street, in East New York, Brooklyn. The neighborhood is one of four where the city is collaborating with the community to promote the development of affordable housing and create pedestrian-friendly streets. The site is three blocks away from the Van Siclen Avenue subway station, serviced by J and Z trains.

Block: 3690 Lot: 22 Lot Size: 25’ x 100’

$110 PER BUILDABLE SQUARE FOOT

 Approve Buildable Sq Ft: 5,500 

Assessment: Real Estate Taxes: $12,322 (22/23) $2,502.48

Approve Zoning: R6B (2.2) Height Limit 50’ Inclusionary Housing District

A 24’ wide 6-unit (free market), three story apartment building. The units are all two-bedroom apartments with a living/ dining area a full kitchen and full bathroom. The apartments are individually metered for cooking gas and electric. All the meters are in the basement. The building has an oil boilers and gas water heater. The apartments have been vacant for over ten years. The units are located to the front and back of the building. The property needs a complete gut renovation.

Lot Size: 24’ x 100’ Building Size: 

Basement: 24’ x 67’ irr = 1,320 sq. ft. 

1st Floor: 24’ x 67’ irr = 1,320 sq. ft. 

2nd Floor: 24’ x 67’ irr = 1,320 sq. ft. 

3rd Floor: 24’ x 67’ irr = 1,320 sq. f

Stories: Three (3) Plus Basement 

Gross Square Feet: 3,960 (Approximately)

Above Grade Zoning: (FAR) Total Buildable Sq. Ft: 3000

 Real Estate Taxes:13.257.40

Total Annual Expenses $24,557.40

Net Operating Income: $142,842.6 

Net Operating Income: $142,842.6 CAP RATE: 7.1 %

Please find more details in the document attached