Prime Investment Opportunity!

Size
13,374 sq. ft.
Address
501 North Conduit Avenue, Brooklyn, NY 11208
Property Type
Industrial, Investment, Retail / Commercial, Mixed-Use
Block & Lot
4198 / 1
Zoning
C2-2/ R5
Special Features
CITYLINE BUSINESS DISTRICT Commercial / Retail /Residential Development / Investment Opportunity Set Back Parking! This multiple lot parcel featuring a full block of prime North Conduit Avenue westbound exposure is newly available to the market. Ideal for Investment! Present Use: Retail / Storage Lot Size: 7,196 SF + 4,315 SF = 11,511 SF Building: 9,058 SF = 4,315 SF = 13,373 SF F.A.R. 1.25 Taxes: $32,280 + 24,962 = 57,242 Lease Terms 8-1-16 -- 6-7-31-26 $50,113 Tax Base Option: 8-1-26 -- 7-31-31-32 $193,200 3% escalations year 3 through balance
Exclusive Agent(s)
Broker’s Cooperation Invited
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