Prime Flatbush Development and Assemblage Opportunity. 14 East 32nd Street is a 40 x 100 lot with R6, C1-2 zoning. There is an existing two story 18.5 x 36 semi-detached frame Single Family Home on the lot. Some of the neighborhood's best amenities are right on Church Ave, 2/5 trains are 1 block away and there are new developments all around the surrounding area. This property can be offered with 3120 Church Ave which is contiguously attached on the east side of the lot. 3120 Church Ave is a two story 18.58 x 58 brick mixed-use building on a 100.75 lot with R6, C1-2 zoning. The commercial tenant has a lease in place through 2027 at $5,500 per month. The residential portion was recently renovated and has 4 bedrooms / 1 bath with a below market month to month tenant at $2,200 per month. Both tenants are responsible for their own gas and electric cost - commercial tenant is responsible for 25% of water/sewage cost, building is outfitted with split systems and forced air systems for heating and cooling. This assemblage presents a potential residential FAR of 14,000 SF +/-. Total price for both properties $2,600,000.
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