141 Richardson – Mixed-Use
141 Richardson Street, Brooklyn, NY 11211, USA Map
Vacant Three-Story, 2-Family Building with Private Garage, Includes Billboard on the Roof Facing BQE (Value Add Play)
Listing Price $2,150,000
| Status | Active |
| Lease Type | Absolute Net |
| Property Type | Mixed-Use |
| CAP Rate | 6.59% |
| NOI | $141,670 |
| State (BOR) | NY |
| Broker of Record | Susan Bands |
| License # (BOR) | 10311209023 |
Investment Highlights
- SUBJECT INCLUDES TWO FREE MARKET APARTMENT UNITS with a Total Gross Leasable Area of 2,320 Square Feet | Zoned R6 with C2-4 Overlay with Unused 1,010 Square Feet of Lot Area and 474 Square Feet of Available Air Rights
- THE SUBJECT PROPERTY IS IDEAL FOR AN OWNER-USER OR AN INVESTOR-IN-ONE and Two-Family Rentals | First and Second Floor Duplex Contains Three Bedrooms and Two Baths | Third Floor Contains Two Bedrooms and One Bath
- SUBJECT PROPERTY HAS OPPORTUNITIES FOR INCOME with its Private Car Garage Located on the Meeker Avenue (2,593 VPD) & Manhattan Ave | Nearby Graham Ave (7,581 VPD) (Source: NYDOT)
- COMMUTER CONVENIENCE Subject is a Three-Minute Walk from Graham Avenue Station (6,275 Daily Passengers) Serving a Ten-Minute Ride to Manhattan, and a Five-Minute Walk from Nassau Ave Station (6,932 Daily Passengers)
- SUBJECT IS LOCATED WITHIN A TEN-MINUTE WALK FROM MCCARREN PARK a Popular Year-Round 35-Acre Public Park Offering Playgrounds, Playing Fields & Courts, an Olympic-Sized Pool & a Running Track
- AWARD-WINNING WOODHULL HOSPITAL FOR HEART FAILURE & PNEUMONIA | Primary Patient Care and Preventive Care Located within Two Miles of Subject
- SUBJECT IS LOCATED 13 MILES WEST OF JFK AIRPORT Serving Over 62 Million Annual Passengers, The Sixth Busiest Airport in the United States | Seven Miles from LaGuardia Airport and an Hour Drive from Newark Liberty International
Investment Overview
Marcus & Millichap is pleased to offer a mixed-use property located at 141 Richardson Street, Brooklyn, New York 11211. (Block & Lot: 2725-0125). The total square footage of the 2 Residential and 1 Commercial units is 2,320 SF. 141 Richardson lot dimensions are 22.08 feet x 45.775 feet and contain a 340 SF retail with basement and on 2 Bedroom unit and one 3 bedroom unit. 141 Richardson is zoned for R6, C2-4, Offering an investor value add opportunity. The facility FAR of 4.8 allows additional floors and units for additional future income. All units are separately metered for utilities and provide ease of management. This is an opportunity to invest in dynamic sections of Brooklyn.
