5% CAP RATE IN PRIME BROOKLYN LOCATION! PRICED TO SELL! A three-story mixed-use corner building located in Windsor Terrace. A RARE opportunity to own this unique property - one of the very few buildings in the area that is grandfathered for ground floor commercial and residential units above. This 1901 pre-war building is solidly built and is a WIN for an investor, a 1031 exchange use, or an end-user. Developers may have the opportunity to bulk up vertically by filing an ALT1 with the Board of Standards and Appeals. The current layout is as follows: Ground Floor: Commercial frontage with tenant in place Ground Floor: Accessory Unit - Usable as additional space to either the commercial or residential tenants 2nd Floor: Two bed/one bath floor-through apartment with private terrace 3rd Floor: Two/bed one bath floor-through apartment Cellar/Basement: Storage, boiler room, and utilities Side Garden: common outdoor space Additional building improvements, such as a roof terrace for use with the top floor unit, and the creation of designated storage in the basement for residential and/or commercial use would further increase building income. The building will be delivered vacant. Interior Square ft: 2912 Lot Size: 27 ½ x 84 ½ x 80 Lot Square ft. 1106 Building Width: 21 ½ x 56.3 x 59.1 Far: Currently built to capacity
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