Mixed-Use / Redevelopment Site

2281 Church Avenue is a two (2) story mixed-use property situated on a +/-6,392 SF corner lot in the Flatbush section of Brooklyn, NY.  Currently improved by a total of +/-12,000 leasable area that is is evenly distributed over two (2) stories.  A total of seven (7) retail stores encompass the ground floor and one (1) office unit defines the 2nd floor which is currently occupied by a catering hall.  A full basement with 11' clearance in the ceiling offers additional leasing flexibility, opportunity, and income potential. 

Being on a corner lot in a prime retail corridor makes it extremely attractive for future redevelopment. The designated C4-4A / R7A zoning suggests a redevelopment opportunity for an additional +/-13,700 SF of GLA.  Further redevelopment opportunities of +/-50,0000 SF may present itself with an acquisition of the air rights from the neighboring Church or Post Office.    

Property Overview

✓ Corner Lot:  63.92' X 100' or 6,288 SF
✓ Total SF:  +/- 11,828 SF
✓ Retail:  Seven (7) Total Units on the Ground Floor
✓ Office:  One (1) Total Unit on the 2nd Floor
✓ Zoning:  C4-4A / R7A
✓ Max FAR (Floor Area Ratio):  4
✓ Max Buildable Area:  +/-25,000 SF
✓ All Units Separately Metered for Electric & Gas
✓ Oil Heat (1,500 gl. Above Ground Tank)
✓ Block & Lot: 05089-0048

Tenancy Status

The building is currently occupied with the exception of one (1) retail unit on the Bedford Avenue side of the building.

Inspections / Showings

By Appointment Only.  Since the property is occupied we ask that you do not disturb the tenants/occupants. 

Basic TERMS

The seller of this property is a Chapter 7 bankruptcy trustee.  This is a non-contingent sale of real property and said real property will be sold in "as-is, where-is" condition but free and clear of any and all liens, claims and encumbrances.  Any sale will be subject to Bankruptcy Court approval.

DISCLAIMER

All information provided by MYC & Associates, Inc. is from public documents or third-party sources, is not guaranteed and should be independently verified. The information herein is subject to errors and omissions. The subject real property herein may be sold or withdrawn from the market without notice. MYC & Associates, Inc. does not represent or warrant the accuracy, authenticity, or completeness of any information and is not liable for any reliance thereon.