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Exceptional investment opportunity in one of Brooklyn’s most sought-after neighborhoods. This well-maintained mixed-use property features a Certificate of Occupancy for 8 residential units plus 1 ground-floor store and offers approximately 6,000 square feet of existing building area on a 25’ x 100’ lot with a 25’ x 60’ building footprint.
Located in an R6B zoning district with a FAR of 3, the property offers approximately 1,500 square feet of additional buildable area, presenting excellent value-add potential for future development (buyer to verify). Built in 1920, the property has no DOB or ECB violations and benefits from annual property taxes of just $22,363. Three of the residential apartments are rent stabilized, while the remaining units provide strong long-term investment potential.
Perfectly positioned with convenient transportation to Manhattan and easy access to the vibrant neighborhoods of Carroll Gardens and Red Hook, this property combines stable income, future upside, and an unbeatable location. Whether you’re an investor seeking reliable cash flow or looking for a value-add asset with development potential, 106 President Street is a rare opportunity in the heart of Brooklyn.
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Zillow last checked:
Listing updated:
Listed by:
Frank Galeano Licensed Real Estate Broker INC718-596-9545,
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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