Approx 4620 SqFt, Built in 2008, Excellent Location, Across from Jamaica Motor vehicle, Very Busy Area. Two Retail Stores W/ Two Offices. One Office is Vacant for New Owner/User. M1-1 Zoning. Income $90,000/yr. For more information contact Richard at 917-804-4668 or via email rbonagura12@gmail.com 175th Street & Rockaway Blvd. Please See Mapquest.com

3500 sq ft free standing building plus a separate 1800 sq ft currently used as a Moose Club and Banquet Hall. Wide open floor plan. Full and finished basement. Large multiple bathrooms. Two full service kitchens. CAC. Heavy updated electric. Great location off Jamaica Avenue.

This is a well maintained, ready to operate building on the border of northeast Bedford Stuyvesant and northwest Bushwick. With good upside and heavy tennant demand this proves an ideal opportunity for value add purchasers and smart income investors. Northeast Bedford Stuyvesant shares many of the same qualities as Williamsburg with its growing retail cooridors and easy subway access via the J,Z,M subway line just three blocks away at Myrtle Avenue. The property is located right off the Broadway retail corridor providing close proximity to grocery stores, dry cleaners, restaurants and night life. Take advantage of this buildings reliable income today, while recognizing clear upside, great location and rising property values. ? Large easily rented units, 7 of which have been recently renovated. ? New gas boiler for reliability, operating efficiency and longevity, along with new water tanks installed in 2008. ? The electrical setup is new and updated meters have been installed. ? The roof was re-done in 2008.
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The subject property is located in the Clinton Hill Historic District, on the west side of Clinton Avenue between DeKalb & Lafayette Avenues. The certificate of occupancy recognizes the building as a two-family property, although the building is currently constructed as a five-family. The building will be delivered vacant which presents the potential opportunity for an owner/user to convert the building to a large one-family. Further, leaves a developer with the opportunity to convert to condos.
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This fifty foot wide brick multifamily building is located near McCarren Park in Greenpoint, Brooklyn. The units are laid out efficiently as box three bedrooms (except the first floor units which are two bedrooms) and have all been renovated recently. The properties mechanical systems, including the boiler and electric have been completely updated as well. This property affords an investor an outstanding opportunity to own a turn-key rental property in an excellent location.
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Massey Knakal Realty Services has been retained on an exclusive basis to arrange for the sale of a newly constructed multifamily building containing 43 large apartments just south of the Brooklyn neighborhood of Williamsburg and 5 blocks east of Pratt Institiute in Clinton Hill. The building is located on the popular Bedford Avenue commercial corridor, granting excellent access to public transportation and a variety of retail options. The building is approximately 65,000 square feet consisting of 4 private entrances. The units are designed as "Faculty/Dwelling Units" and benefit from their close proximity to NY's many educational institutions. The property's high occupancy and outstanding performance reflect both its quality and desirable location. This dynamic and will positioned area has benefitted greatly from quality tenants getting priced out of more mature neighboring areas like Fort Greene and nearby Williamsburg.
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The collateral is a newly constructed residential building located on the corner of Nicholas Street and Richmond Terrace in the Saint George section of Staten Island. The property benefits from having unobstructed views of New York Harbor and is only a short walk to the Staten Island Ferry. The building is approximately 59,919 gross square feet and consists of 40 residential units, 2 commercial units, 1 community facility unit and 28 indoor parking spaces. The ground floor commercial spaces plus the community facility space total approximately 4,800 square feet. The residential unit mix is a combination of 16 one-bedrooms and 24 two-bedrooms. The onebedroom units range in size from 705-762 square feet and the two-bedroom units range in size from 963-1,127 square feet. Exterior construction is complete and only minor work needs to be done on the interior units including all kitchen appliances, which need to be installed. A temporary Certifi cate of Occupancy was issued on the building. The property benefits from having an in place 421A tax exemption. The exemption is for 15 years and began last July with the property currently being taxed based upon an assessed value of $14,872. The lender has been granted a judgment of foreclosure sale and an auction date has been set for February 27th, 2012. The current outstanding loan balance plus accrued interest was $14,946,583 as of February 16th, 2011. To receive additional information on the loan please execute the confi dentiality agreement and a full due diligence package will be sent to you.
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A four story building located on the south side of East 75th Street between Second and Third Avenue. It contains 5 residential units of which 2 are Rent Controlled and 3 are Free Market.
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? 5 Adjacent buildings (4 Mixed-Use and 1 Warehouse) located in Stapleton of North Shore. ? Site is located in C4-2 zone allowing up to 56,100 total buildable square feet (46,230 SF remaining air rights) ? 4 Adjacent mixed-use buildings comprises of 8 residential free market tenants and 4 retail units. ?Warehouse benefits from 16'roll down gate with 18' ceilings, 20' ceilings in the interior, accessible at 40 Sands Street and through the retail unit at 539 Bay Street. ? All retail tenants are triple net lease tenants and pay a portion of the real estate taxes. ? All residential units pay their own separate gas and heat. Owner only supplies for hot water. ? Building is in excellent condition, separate meters for all units, newer HVAC & central air conditioning is available to all retail tenants. ? Neighboring tenants on Bay Street includes CitiBank, Chase, McDonalds, Western Beef and Subway Restaurant. ? Located conveniently from the Staten Island Ferry, Staten Island Expressway, Staten Island Railway at Stapleton Station and 2 hospitals making it convenient for hospital residency.
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Five mixed-use, walk-up buildings in the most desirable downtown neighborhoods: Greenwich Village, the Lower East Side, and NoLita (9 Christopher Street, 55-59 & 61-63 Delancey Street and 380-386 Broome Street). The portfolio contains 14 stores and 100 residential units. At an asking price of $60,000,000, the portfolio offers an attractive 5.2% cap rate. Alternatively, the buildings can be purchased separately: 380 -386 Broome Street for $24,000,000 with the loan assumption; 9 Christopher for an asking price of $12,000,000 or 55-59 & 61-63 Delancey Street for $25,000,000. Please click below for more information and access to the confidentiality agreement.

123 East 61st is a six-story townhouse located on the north side of East 61st Street between Park and Lexington Avenue. At over 9,400 square feet, this magnificent townhouse features a limestone fa?ade and mahogany-clad bay windows. There is a 593 square foot private outdoor terrace along with a wine cellar capable of holding 4,000ottles. The interior is currently fully gutted and in need of a complete interior finish. Approved plans are available. This grand townhouse has space for 7 bedrooms, 6 full bathrooms, and 4 powder rooms.
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A pair of Transitional Style, 6 story plus lower level walk-up buildings, between 6th Avenue and MacDougal Street only a 1/2 block to Washington Square Park in the heart of Greenwich Village. The buildings consist of 26 units with 15 one-bedrooms, 9 two-bedrooms, 1 three-bedroom and 1 four-bedroom apartment. There are 6 rent stabilized apartments, which have an average rent of $969/month. The average rent per SF for the building is $45/SF, which is almost half of market. This is an excellent opportunity for an investor looking for strong in-place cash flow and long term upside in the below market rent stabilized rents. Massey Knakal is also selling on behalf of ownership 285 West 12th Street and 121 West 92nd Street for $5,950,000 and $4,500,000 respectively.
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Massey Knakal has been retained by ownership to arrange the sale of 132-34 East 24th Street, a prime development site with 45' of frontage along East 24th Street and excellent light on all four sides. The site is improved with two adjacent 5-story walk-up apartment buildings which have a combined retail store (could be separated). The existing structures have a total of approximately 13,848 existing square feet including the retail level and 14 free-market apartments. With the retail store currently vacant and each of the 14 apartments being free-market, the buildings have the ability to be vacated in a timely manner for a re-development while collecting in-place income during the project planning and approval phase. Currently, the gross annual revenue is approximately $389,880. The properties combine for a total lot size of approximately 3,768 square feet lying in a C6-4A (R10A equivalent) zoning district which has a Floor Area Ratio of 10.0. This zoning designation would allow approximately 37,688 total buildable square feet of residential or office uses. Please verify all zoning and buildable footage independently. The desirability of a Gramercy/Flatiron address continues to grow as evidenced by average condominium prices exceeding $1,285 per square foot over the past 6 months while apartment rental rates have exceeded $65 per square foot. Furthermore, there is ever-increasing demand in this sub-market that is experiencing less than a 1.0% vacancy rate. Finally, the elimination of the costly and time-consuming tenancy hurdles makes 132-34 East 24th Street a truly remarkable Gramercy development opportunity.
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