9 Marcus Garvey Blvd. Brooklyn, NY 11206 Bed Stuy, Brooklyn, NY

$2,955,000
Property type: Mixed-Use
Gross (Sq Ft)
3375
Units
7
Bedrooms
10
Bathrooms
5

Summary

  • Lot Size: 2175 Sq Ft
  • Year Built: 1931
  • Block/Lot: 1578/4
  • Lot Dimension: 25 x 87
  • Bldg Dimension: 25 x 45
  • Zoning: C4-4L
  • F.A.R: 4.00
  • Building Class: S9
  • Total Lot FAR: 8700
  • Unused FAR: 5325
  • Stories: 3
  • Residential Units: 5
  • Commercial Units: 2
  • Taxes 2018: $10,406
  • Price/Buildable: $340
  • Cap Rate: 5.43%

Description

See attachment on this page for rent roll and financial breakdown.

Located in the Bedford-Stuyvesant section of Brooklyn, the subject property is a fully occupied mixed-use building consisting of 2 retail units and 5 free market two-bedroom apartments. The building recently underwent extensive renovations and currently boasts high-end finishes and new mechanicals. The property is steps away from the Flushing Ave J,Z,M Subway Station and situated around the corner from the busy Broadway retail corridor recently strengthened with the opening of Starbucks.

Price: $2,955,000 + 3% broker fee paid by buyer

Contact the Agent

Rowen Giles

New York Licensed Real Estate Salesperson
Rowen Giles is a New York Licensed Real Estate Salesperson, in association with Gold Rock Realty, a New York Licensed Real Estate Broker. Rowen represents Buyers and Sellers of single and multi-family residential homes, as well as apartment buildings and mixed-used commercial properties anywhere in the State of New York. When it comes to the complexities of selling real estate, no one is more qualified than Rowen. Prior to real estate, Rowen was a computer systems engineer and technology manager for 18 years working for small and large fortune 500 companies, including stints at Microsoft Corporation and the Federal Reserve Bank of New York. Rowen’s career in technology saw many challenges such as sizing large technical infrastructure, solving complex technology problems, and deploying sophisticated software solutions. Rowen met each challenge with success as a result of careful planning, organizing, directing and managing. Rowen is a results-driven and highly organized professional with strong attention to details. Once a property is on the market,…