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33318244
33318243

2281 Church Avenue, Brooklyn, NY 11226

MYC & Associates, Inc.
Listed by MYC & Associates, Inc.
$6,000,000
3 days on market
Updated 3 days ago

Mixed-Use / Redevelopment Site

Details
APN 05089-0048
Property Type Retail, Office (+1)
Sub Type Executive Office, Redevelopment Site (+1)
Square Footage 11,828
Units 8
Tenancy Multi
Year Built 1931
Stories 2
Lot Size (SqFt) 6,288
Zoning C4-4A / R7A
Investment Type Redevelopment
Ceiling Height 11'

Retail | 11,828 SqFt

Marketing description

2281 Church Avenue is a two (2) story mixed-use property situated on a +/-6,392 SF corner lot in the Flatbush section of Brooklyn, NY.  Currently improved by a total of +/-12,000 leasable area that is is evenly distributed over two (2) stories.  A total of seven (7) retail stores encompass the ground floor and one (1) office unit defines the 2nd floor which is currently occupied by a catering hall.  A full basement with 11' clearance in the ceiling offers additional leasing flexibility, opportunity, and income potential. 

Being on a corner lot in a prime retail corridor makes it extremely attractive for future redevelopment. The designated C4-4A / R7A zoning suggests a redevelopment opportunity for an additional +/-13,700 SF of GLA.  Further redevelopment opportunities of +/-50,0000 SF may present itself with an acquisition of the air rights from the neighboring Church or Post Office. 

The building is currently occupied with the exception of one (1) retail unit on the Bedford Avenue side of the building.

By Appointment Only.  Since the property is occupied we ask that you do not disturb the tenants/occupants. 

The seller of this property is a Chapter 7 bankruptcy trustee.  This is a non-contingent sale of real property and said real property will be sold in "as-is, where-is" condition but free and clear of any and all liens, claims and encumbrances.  Any sale will be subject to Bankruptcy Court approval.

All information provided by MYC & Associates, Inc. is from public documents or third-party sources, is not guaranteed and should be independently verified. The information herein is subject to errors and omissions. The subject real property herein may be sold or withdrawn from the market without notice. MYC & Associates, Inc. does not represent or warrant the accuracy, authenticity, or completeness of any information and is not liable for any reliance thereon.


Investment highlights

  • Corner Lot:  63.92' X 100' or 6,288 SF
  • Total SF:  +/- 11,828 SF
  • Retail:  Seven (7) Total Units on the Ground Floor
  • Office:  One (1) Total Unit on the 2nd Floor
  • Zoning:  C4-4A / R7A
  • Max FAR (Floor Area Ratio):  4
  • Max Buildable Area:  +/-25,000 SF
  • All Units Separately Metered for Electric & Gas
  • Oil Heat (1,500 gl. Above Ground Tank)
  • Block & Lot: 05089-0048

Listing Contacts

MYC & Associates, Inc.
Listed by MYC & Associates, Inc.

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Additional Information

Name
Marc Yaverbaum
License
NY
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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