350 Irving Ave
Brooklyn, NY 11237
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Meticulously maintained building with minimal cap-ex needed
- Nearby Attractions include Maria Hernandez Park, Local Delis, Cafes, and Several Well-Known Nightlife Venues
- Proximity to M and L-Train at Myrtle-Wyckoff Station and Several Bus Lines
EXECUTIVE SUMMARY
350 Irving Avenue - Description
• Building SF: 5,394
• Building Dimensions: 29 x 62 ft
• Available Air Rights: 1,131
• Max FAR: 3.0
• 5 Apartments and 1 Retail Space with Half Basement Storage
• 100% Free Market | Condo Quality Apartment Finishes | Cash Flowing well with Upside in Residential Rents
• One Studio with Backyard Access, Two Two-Bedroom Apartments, Two-Three Bedroom Apartments
• Meticulously maintained building with minimal cap-ex needed
• Proximity to M and L-Train at Myrtle-Wyckoff Station and Several Bus Lines
• Nearby Attractions include Maria Hernandez Park, Local Delis, Cafes, and Several Well-Known Nightlife Venues
• Asking: $3,860,000 | $631/SF
• Building SF: 5,394
• Building Dimensions: 29 x 62 ft
• Available Air Rights: 1,131
• Max FAR: 3.0
• 5 Apartments and 1 Retail Space with Half Basement Storage
• 100% Free Market | Condo Quality Apartment Finishes | Cash Flowing well with Upside in Residential Rents
• One Studio with Backyard Access, Two Two-Bedroom Apartments, Two-Three Bedroom Apartments
• Meticulously maintained building with minimal cap-ex needed
• Proximity to M and L-Train at Myrtle-Wyckoff Station and Several Bus Lines
• Nearby Attractions include Maria Hernandez Park, Local Delis, Cafes, and Several Well-Known Nightlife Venues
• Asking: $3,860,000 | $631/SF
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,120 SF
Building Class
B
Year Built
1931
Price
$5,353,048 CAD
Price Per SF
$874.68 CAD
Cap Rate
5.30%
NOI
$283,712 CAD
Percent Leased
100%
Building Height
3 Stories
Building FAR
2.31
Lot Size
0.06 AC
Zoning
R6 - R6 - Medium density residential district
Frontage
24’ on Irving Avenue
AMENITIES
- Bus Line
- Restaurant
- Signage
- Skyway
PROPERTY TAXES
| Parcel Number | 03362-0025 | Improvements Assessment | $816,732 CAD |
| Land Assessment | $12,232 CAD | Total Assessment | $828,965 CAD |
