Description
Investment Opportunity in Prime East New York Location! Unlock the potential of this 6,000 sq ft lot featuring a 2,400 sq ft free-standing building currently leased to a long-standing auto repair tenant, generating immediate income. Located at the combined addresses of 765 Glenmore Ave, 355 & 357 Essex St, Brooklyn, NY 11208, this corner property boasts R5B zoning with a FAR of 1.35 allowing for up to 8,100 buildable sq ft, subject to verification. Zoning: R5B great for future residential development or potential mixed-use conversion Income-Producing: Tenant in place with solid payment history (details available upon request) Lot Dimensions: Approx. 60' x 100' rare corner lot with triple frontage Taxes: Low annual property taxes Access: Steps from the Shepherd Ave and Van Siclen Ave subway stations (A/C lines) Surrounding Development: The area is rapidly evolving with new residential projects and community investment --
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School Ratings & Info
Description
Investment Opportunity in Prime East New York Location! Unlock the potential of this 6,000 sq ft lot featuring a 2,400 sq ft free-standing building currently leased to a long-standing auto repair tenant, generating immediate income. Located at the combined addresses of 765 Glenmore Ave, 355 & 357 Essex St, Brooklyn, NY 11208, this corner property boasts R5B zoning with a FAR of 1.35 allowing for up to 8,100 buildable sq ft, subject to verification. Zoning: R5B great for future residential development or potential mixed-use conversion Income-Producing: Tenant in place with solid payment history (details available upon request) Lot Dimensions: Approx. 60' x 100' rare corner lot with triple frontage Taxes: Low annual property taxes Access: Steps from the Shepherd Ave and Van Siclen Ave subway stations (A/C lines) Surrounding Development: The area is rapidly evolving with new residential projects and community investment --
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