Meridian Investment Sales is pleased to present the Exclusive Offering for 708 Sackett Street, a two-story property in Park Slope with one commercial tenant and one residential tenant. The property is situated between 4th Avenue and 5th Avenue and is centrally located to transportation in one of the most desirable neighborhoods in New York City. 708 Sackett Street is currently occupied by a Yoga Studio on the ground floor and an apartment on the 2nd floor. There are no leases in place for either tenant allowing for a perfect townhouse or condo conversion. The property also features a curb cut, allowing for optional parking. The Yoga Studio is currently paying $5,300/mo, approximately 35% below market. The residential tenant is paying $1,700 a month more than 50% below market. This is a prime opportunity to vacate, renovate and build in one of the most sought-after neighborhoods in all of Brooklyn. The first floor occupied by the Yoga Studio which is built out to the back of the lot line. The 2nd floor is 25 feet by 50 feet. The property also features an additional 1,125 SF of air rights. The building is located within one block of the D, N, R & W trains on 4th Avenue as well as all major subway lines at Barclays Center and Atlantic Terminal, offering easy access to Manhattan. INVESTMENT HIGHLIGHTS: - Commercial Tenant and Residential Tenant currently occupy building on month to month basis allowing for immediate re-positioning. - Property features a legal curb cut allowing for optional parking. - There is an additional 1,125 SF of air rights. - The building is located within one block of the D,N,R & W trains at the Union Street subway station.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
