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Active - Unimproved Land for sale

660 Utica Avenue, East Flatbush, NY 11203

Facts & features

Unimproved Land Property type
1053 days on Beycome
10,000 sqft Lot size

Why you’ll love it

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.

Translating description...

Listed by: Rene Attias • reneattias@gmail.com • EXP Realty

Co-listed by: EXP Realty

Come see by yourself

Affordability

$1,430,000$2,970,000
1%20%
0%90%
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Estimated monthly payment

$12,608/mo

  • Mortgage$11,124
  • Property tax$1,484
  • HOA fee
  • Homeowners insurance
Due at closing$1,749,000
Down payment held in escrow$440,000
Closing costs$33,000
beycome credit Est.$44,000

Beycome estimates only. Actual amounts and terms vary by lender and location.

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About East Flatbush

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Flood & climate risk

FEMA Flood Zone X

Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.

More details

Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided.

$2,200,000 Listed price

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$44,000 Credit back

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