$1,200,000

1916 Ocean Ave COMMUNITY FACILITY/GROUND FLOOR, Brooklyn NY, 11230

Price per sqft$375.00

Built in2018

Property size3,200 sqft

Property typeCommercial

Overview

Active

Updated 10 days ago

Ph: 9I7-453-8779 *** COMMUNITY FACILITY - for MEDICAL, DENTAL, CHIROPRACTOR, Adult/Child Daycare, ACADEMY, TUTORING，MUSEUM, NON-PROFIT OFFICE (Property tax exempt), General Community Center, RELIGIOUS. All utilities ready. Ceiling ht is 8 feet 8 inch with additional 1 ft above ceiling for wiring. Magellan-Midwood. New 8 story new condo Bldg Central to all traffic, up and coming narea. But still deeply undervalued as bklyn north demographics moves south for savings. Wise investment choice? Go to street easy for bldg pics Owner waives all legal fees - condo bk fees, tax abatement fees, sponsor attorney fees = Total 9K savings. 3200 sf on right hand side of bldg, entrance faces Ocean Ave- empty box right now w bathrm and all utility- plumbing, sprinklers, electrical, mechanical- already installed. The layout is a long skinny hallway from entrance-about 200 sf- going into a almost square box of 3000 sf. Ceiling ht is 8 feet 8 inch with additional 1 ft above ceiling for wiring. Building is also centrally located to all public transport, shopping, restaurants, beach- 2 Chinatowns at Ave U and 86st. Ocean Ave spans north to south in a mere 15 min drive - allows quick non-congested transit to any direction u going - Queens, Manhattan, Long Island, Upstate NY, NJ. Midwood is truly Most CENTRALLY located. Why Midwood may be a Wise investment choice Midwood is possibly undervalued - based on area comparison, possible buyer demographics shift and Midwood's pre-Hollywood history. Midwood $600-700/sf, is cheaper-perhaps safer investment in event of a downswing- compared to the north (Williamsburg/Prospect Park $1200-1400/sf). With the same subway convenience nearby, this may encourage buyer shift to south Brooklyn from the north, thus upside potential (this price difference of $600/sf may narrow and may be captured over time). Flatbush, directly above Midwood, is already at $900/sf and Midwood ($650/sf) is next in line on being possibly price influence. *** https://www.moreinfo.media/6592d1d8-7ba5-40bb-b42b-88157bf95c67

Other Property Details

Taxes: $44,796
Tax Frequency: Annually

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Listing Contact:

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