141 Tompkins Avenue
Multifamily
Marketing description
Mixed-use three-unit building currently configured as six residential units with front and rear apartments. Legal use consists of two residential units and one commercial space. Potential conversion to a legal four-unit building with ground-floor retail. R6A, C2-4 zoning with 1.41 FAR currently utilized and approximately 2,767 SF of additional buildable area available.
Potential redevelopment opportunity for up to nine residential units utilizing available air rights (subject to architect review and approvals) with potential mix of seven free-market apartments and two inclusionary housing units. Buyers should conduct their own due diligence regarding legal use, configuration, zoning, and future development potential.
Three-story brick building in prime Bed-Stuy location close to Myrtle Avenue retail corridor with convenient access to the J, M & Z trains. Excellent owner-user, value-add, or redevelopment opportunity.
Investment highlights
- Mixed-use three-unit building
- Currently configured as six residential units with front and rear apartments
- Legal use consists of two residential units and one commercial space
- Potential conversion to a legal four-unit building with ground-floor retail
- R6A, C2-4 zoning
- 1.41 FAR currently utilized
- Approx. 2,767 SF of additional buildable area available
- Potential redevelopment opportunity for up to nine residential units utilizing available air rights (subject to architect review and approvals)
- Potential mix of seven free-market apartments and two inclusionary housing units
- Buyers should conduct their own due diligence regarding legal use, configuration, zoning, and future development potential
- Delivered with 4 of 6 residential units vacant
- Remaining occupied units are month-to-month
- Five one-bedroom apartments and one studio apartment
- Large rear yard
- Approx. 2,451 SF existing building
- Building dimensions: 20.42' x 40'
- Lot dimensions: 20.42' x 85'
- Lot size: 1,740 SF
- Three-story brick building
- Prime Bed-Stuy location
- Close to Myrtle Avenue retail corridor
- Convenient access to the J, M & Z trains
- Excellent owner-user, value-add, or redevelopment opportunity
- Landlord currently pays all utilities
- Significant free-market upside with approximately 2,767 SF of unused development rights
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