Listed by Ariel Property Advisors
$7,650,000
1234 Saint Johns Place
Details
APN 1382-31
Property Type Mixed Use, Land
Sub Type Commercial
Square Footage 10,560
Tenancy Single
Brand/Tenant U.S. Post Office
Stories 2
Lot Size (SqFt) 12,024
Zoning R6
Investment Type Redevelopment
Development Opportunity | 46,894 BSF
Marketing description
The subject property is located in the Crown Heights neighborhood of Brooklyn between Troy & Albany Avenues, situated within walking distance of the Crown Heights–Utica Avenue station for the 3 and 4 trains, the Kingston Avenue station for the 3 train, and the Kingston–Throop Avenues station for the C train
Investment highlights
- 46,894 BSF mixed-use development opportunity in the heart of Crown Heights
- 99.92’ of frontage on St. Johns Place allowing for highly efficient building design
- Opportunity to seize a strategic foothold in a high-demand, low-inventory market perfectly primed for growth
- Rental market with recent neighborhood developments commanding premium rates, exceeding $70/SF
- Currently a two-story, 10,560 SF building occupied by the U.S. Post Office on a month to month basis
- Unbeatable Connectivity: The property boasts a perfect 100 Transit Score and a 92 Walk Score , placing the 2, 3, 4, and 5 subway lines just 0.3 miles away alongside convenient neighborhood Citi Bike access.
Listing Contacts
Listed by Ariel Property Advisors
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