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$ 1,200,000
Est. payment | /mo
3,200 SqFt
$ 1,200,000
Est. payment | /mo
3,200 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $375
MLS Listing ID 11941709
Year Built 2018
Annual Tax Amount $44,796
Property Description
COMMUNITY FACILITY - for MEDICAL, DENTAL, CHIROPRACTOR, Adult/Child Daycare, ACADEMY, TUTORINGMUSEUM, NON-PROFIT OFFICE (Property tax exempt), General Community Center, RELIGIOUS. All utilities ready. Ceiling ht is 8 feet 8 inch with additional 1 ft above ceiling for wiring. Magellan-Midwood. New 8 story new condo Bldg Central to all traffic, up and coming narea. But still deeply undervalued as bklyn north demographics moves south for savings. Wise investment choice? Go to street easy for bldg pics Owner waives all legal fees - condo bk fees, tax abatement fees, sponsor attorney fees = Total 9K savings. 3200 sf on right hand side of bldg, entrance faces Ocean Ave- empty box right now w bathrm and all utility- plumbing, sprinklers, electrical, mechanical- already installed. The layout is a long skinny hallway from entrance-about 200 sf- going into a almost square box of 3000 sf. Ceiling ht is 8 feet 8 inch with additional 1 ft above ceiling for wiring. Building is also centrally located to all public transport, shopping, restaurants, beach- 2 Chinatowns at Ave U and 86st. Ocean Ave spans north to south in a mere 15 min drive - allows quick non-congested transit to any direction u going - Queens, Manhattan, Long Island, Upstate NY, NJ. Midwood is truly Most CENTRALLY located. Why Midwood may be a Wise investment choice Midwood is possibly undervalued - based on area comparison, possible buyer demographics shift and Midwood's pre-Hollywood history. Midwood $600-700/sf, is cheaper-perhaps safer investment in event of a downswing- compared to the north (Williamsburg/Prospect Park $1200-1400/sf). With the same subway convenience nearby, this may encourage buyer shift to south Brooklyn from the north, thus upside potential (this price difference of $600/sf may narrow and may be captured over time). Flatbush, directly above Midwood, is already at $900/sf and Midwood ($650/sf) is next in line on being possibly price influence.
Location
State NY
County 36047
Rooms
Dining Room 0
Kitchen 0
Building
Water Municipal
Structure Type Masonry - Stucco
Nearby Locations
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