660 Utica Avenue Brooklyn NY, 11203 Ps 235 Janice Marie Knight School
$2,200,000
ML# 3510701
Property Picture

Property is being sold with or without a fully occupied restaurant, which occupies the building measuring 20’ x 70’. Monthly rent for only the restaurant is $6, 000. The land portion where there is currently an auto dealership will be delivered vacant. Pro Forma rent for land portion is $12, 000 per month. Can rent out the land or build to suit. R5 Zoning. C2-2 Overlay. Max FAR 1.25. Owner is willing to subdivide the property. The price of 2.2M is for the land only WITHOUT the restaurant. Price of 3.2M includes the restaurant. Pro Forma fully rented is at a 6% Cap.

    Presented by Michael Stanco
    Michael Stanco Licensed Associate Real Estate Broker 917-293-0915 917-293-0915 sales@stancomisititeam.com
    Presented by Michael Misiti
    Michael Misiti Licensed Real Estate Broker 347-539-9893 347-539-9893 sales@stancomisititeam.com