12 Story, Project-Based Section 8 Building In A Prime Clinton Location
Historic Six (6) Story Elevator Office / Specialty Use Building With Air Rights
The submarket reports are an in-depth look at the specific Investment Sales markets in Brooklyn, the Bronx, Manhattan, Northern Manhattan and Queens.
We seek to provide our readers with an overview of the market activity, benchmark transactions, and pricing trends that impact each individual real estate market.
Prime East Harlem Development Site:
159 East 118th Street
Currently improved by a 2,475 square foot one-story garage featuring 13’ high ceilings (to be delivered vacant), this site with R7A (4.00 FAR) zoning provides approximately 10,092 buildable square feet (as-of-right) for residential development, allowing developers to construct a boutique condominium or rental property.
Bedford-Stuyvesant Industrial Property:
1061 Atlantic Avenue
Used as a religious facility in the past, the property now is prime for rehabilitation and for use as an industrial / office or retail facility, with the first floor consisting of about 7,248 SF, the top floor is about 3,175 SF, and there is easy access to the roof.
Two Park Slope Commercial Condo Units:
613 Baltic Street - Retail
The two commercial condominium units are situated in a brand new 44-unit luxury building developed by JDS Development. They are comprised of a 2,162-square foot community facility unit and a 3,196-square foot retail unit.