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- LoopNet Team
557 Chester St
Brooklyn, NY 11212
Retail Property For Sale
Investment Highlights
- Strong In Place Cap Rate (7.4%)
- Offers An Additional 1,200 Buildable Square Feet (As-Of-Right)
- Low Property Taxes
PROPERTY FACTS
- Convenience Store
- General Retail Storefront
- General Retail Storefront Retail/Office
- General Retail Storefront Retail/Residential
About 557 Chester St , Brooklyn, NY 11212
Marcus & Millichap is pleased to exclusively present the property located at 557 Chester Street, a corner mixed-use, two-story brick building. The property is located on the southeast corner of Chester Street and Lott Avenue in the Brownsville Section of Brooklyn, New York (Block: 03625; Lot: 0030). The building is built approximately 20 feet by 100 feet on a 20 foot by 100 foot lot. The property offers an additional 1,200 buildable square feet of air rights (As-of-Right) The building is currently comprised of one large residential unit and three stores. The top floor in the two-story building offers a large two-bedroom unit and a one-bedroom unit. While the ground floor has three stores, the barbershop the restaurant and a bar which are all on existing leases with increases in place. The building is located in Brownsville within two blocks walking distance of the 3 Train at Rockaway Avenue. The property is zoned R6.
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PROPERTY TAXES
Parcel Number | 03625-0030 | Improvements Assessment | $167,714 |
Land Assessment | $58,324 | Total Assessment | $226,038 |
PROPERTY TAXES
Listing ID: 16621067
Date on Market: 2019-07-15
Last Updated:
Address: 557 Chester St, Brooklyn, NY 11212
The Retail Property at 557 Chester St, Brooklyn, NY 11212 is no longer being advertised on LoopNet.ca. Contact the broker for information on availability.
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