194 CONCORD STREET, BROOKLYN, NY 11201 4-Unit Corner Mixed-Use Building in Downtown Brooklyn | FOR SALE PROPERTY INFORMATION Block / Lot 121 / 28 Lot Dimensions 39.5' x 100' Lot Size 3,950 Sq. Ft. (Approx.) Building Dimensions 25' x 47' Irregular Stories 4 Total Units 4 Residential Units 3 Building Size 5,358 Sq. Ft. (Approx.) Zoning R6B FAR 2.00 Buildable Area 7,900 Sq. Ft. (Approx.) Air Rights 2,542 Sq. Ft. (Approx.) Tax Class 4 Assessment (21/22) $255,150 Real Estate Taxes (21/22) $27,286 DELIVERED VACANT 4 5,358 2,542 DOWNTOWN BROOKLYN Occupancy Stories Gross SF Air Rights Location PROPERTY DESCRIPTION Ariel Property Advisors has been retained on an exclusive basis to arrange the sale The surrounding area of 194 Concord Street is home to the MetroTech Center of 194 Concord Street, a 4-unit mixed-use building in Downtown Brooklyn. The business hub, New York City College of Technology and the New York University subject property is located on the corner of Concord Street and Gold Street. Tandon School of Engineering. The area is also home to several parks that include Commodore Barry Park, McLaughlin Park, Trinity Park as well as Cadman Plaza The corner building, which will be delivered vacant, encompasses approximately Park. There are numerous shopping and eating destinations in the neighborhood 5,538 square feet on a 3,950 square foot lot. The unit mix consists of one ground as well such as City Point Brooklyn, Macys and Starbucks. The property is floor commercial unit and a total of three residential units on the upper floors. approximately a half mile from the N, R, W subway line at the Jay St - Metrotech The ground floor commercial space spans approximately 1,833 square feet, that station, the F subway line at the York St station and the A and C subway line at the includes an approximately 658 square foot build-out on the side of the building. High St - Brooklyn Bridge station. Bus lines that serve the immediate area include The second through fourth floor each contains one two-bedroom unit that is the B57, B62 and B69. approximately 1,175 square feet. The property also features a total of four parking spaces in the rear of the building. Additionally, there are approximately 2,542 194 Concord Street presents owner-users and investors the opportunity to square feet of air rights providing the opportunity for future development. acquire a vacant corner mixed-use building with parking and air rights in the desirable Downtown Brooklyn neighborhood. ASKING PRICE: $5,000,000 212.544.9500 arielpa.nyc For More Information Please Contact Our Exclusive Sales Agents at 212.544.9500 I arielpa.nyc For Financing Info Sean R. Kelly, Esq. x59 Lawrence Sarn x54 John Higgins x58 Matthew Dzbanek x48 [email protected] [email protected] [email protected] [email protected] The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. 22 June 2021 3:47 pm TO E57/ R V MADISON AV G C E N R 5 AV Northern Blvd 23 St 23 St W N W Queensboro 1 28 St 6 7 Plaza 33 St E 34 ST Q18 to Astoria F V CONCORD ST MADISON AV 44 DR E R Q104 to R V W 14 ST 23 St 6 E V Queens Astoria BACACA 45 Rd V G G 1 28 St 7 Plaza 46 AV Court 7 39 AV 65 St Jackson Hts FEDERAL N R House Sq Long Island City 58 ST 14 St A C 18 St G Roosevelt Av LEXINGTON AV E 28 ST Court Sq 44 ST BROADWAY BUILDING L 8 Av 23 St 6 46 ST E F R LOVE LA W 47 AV 61 ST E G THOMSON AV 48 ST 14 Av 23 St E 34 ST VERNON BLVD SKILLMAN AV MONROE PL 21 St V G B D FERRY JACKSON AV TILLARY ST 37 ST 64 ST F V Vernon Blvd - 35 ST GOLD ST 14 St 1 2 Jackson Av SUNNYSIDE 39 ST 38 AV N Q EIGHTH AV 40 ST LIRR PIERREPONT ST ROTUNDA 33 St 42 ST WOODSIDE M R HENRY ST 3 7 YARD 43 AV 69 St GALLERY CADMAN PLAZA WEST L WATERSIDE BORDEN AV QUEENS BLVD Woodside - 61 St 6 Av BROADWAY 21 ST Q32 to E 23 ST 7 7 MONTAGUETER PARK AV PLAZA FERRIES TO MANHATTAN LIRR 40 St 7 TILLARY ST UNION 2 ST HUNTERSPOINT AV 7 Jackson E 34 ST, PIER 11 LIRR 46 St 74 St - 54 AV LONG Hunters 7 WOODSIDE AV Heights Bway BROOKLYN SQUARE Point AV 7 ROOSEVELT AV52 St ISLAND CITY 30 ST 31 ST 7 30 PL FLATBUSH AV VING PL 50 AV 7 58 ST HISTORICAL PARK 3 AV 49 AV IR ST 69 14 St VAN DAM ST 47 AV MONTAGUE ST SOCIETY CHRISTOPHER ST SEVENTH AV SOUTH Union Sq L PETER 48 AV HUNTERS POINT AV 63 ST 2 AV 27 ST QUEENS BLVD Christopher St 1 W 8 ST 40 ST Sheridan Sq N Q COOPER ARTS AT 5 AV VILLAGE GRACE ST JOHNSON ST R 68 ST 44 AV ST. 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OLIVET DeKalb Av A C J M Z Fulton St SMITH ST FRESH POND RD ELM ST Broadway 57 ST CEMETERY AMITY ST Hoyt - B M GRAND ST 56 ST 2 3 4 5 } Nassau GRAND AV Schermerhorn Rector St 55 ST Q R W THAMES ST R W L 54 ST PACIFIC ST STATE ST L 59 DR COURT ST CONGRESS ST 1 METROPOLITAN AV F 60 ST BOND ST 4 5 KENT AV A C BATTERY PL BATTERY Graham Av ELIOT AV Wall St FDR DRIVE M Lorimer St J METROPOLITAN AV GRAND ST G G G DEVOE ST F Z BERRY ST LORIMER ST J 55 ST 60 DR LUTHERAN L 74 ST Q38 to 75 Av ROELING ST Q29 to Q11 to SELBRIDGE ST Q23 to 2 3 DRIGGS AV WEST ST GARDNER AV M Z 65 ST CEMETERY 78 RD Grand St MAIN ST STEWART AV SCOTT AV Forest Hills Jackson 141 ST WATER ST 80 ST Elmhurst E Elmhurst E F Wall St VARICK AV UNIONAV GRAND ST Heights MORGAN AV ST 4 5 METROPOLITAN AV VLEIGH BOGART ST LINDEN JUNIPER VALLEY RD 66 RD 70 ST 70 ST JOHN’S Bowling BURNS ST 194Green CONCORD STREET,SOUTH STREET BROOKLYN, NY 11201 66 DR 69 AV HILL FOREST AV CEMETERY R W MANHATTAN BRIDGE MARCY AV STAGG ST Kew Gardens, SEAPORT S4 ST WOODWARD AV METROPOLITAN AV KESEEL ST 4-Unit CornerWhitehall Mixed-Use St Building in Downtown BrooklynA C | FOR SALE CEMETERY 77 AV Union Tpke South Ferry Marcy Av UNION TURNPIKE DIVISION AV S5 ST GRANDVIEW AV LOUBET ST E F 1 FLUSHING AV METRO M PIER 11 J M MESEROLE ST STARR ST 67 DR MALL Middle Village South Ferry 2 3 Hewes St Broadway MONTROSE AV L JOHNSON AV Metropolitan Av JUNO ST BROOKLYN BRIDGE Z Montrose Av 82 AV L CYPRESS AV 68 RD BLVD WOODHAVEN 71 AV 80 RD N G L S 72 AV GOLD ST Corner of Concord Street and Gold Street J M QUEENS BLVD GRAHAMAV GATES AV WATER ST WYTHE AV HARRISON AV HARRISON PL BEDFORD AV Je¢erson St 78 ST COOPER AV 78 AV Morgan Av AUSTIN R STANHOPE ST 75 ST THE SHOPS Q60 to M ROSS ST BUSHWICK AV GRATTAN ST PUTNAM AV M METROPOLITAN AV HEWES ST J M THAMES ST Fresh AT ATLAS SYBILLA ST Jamaica MAIN ST Pond Rd KEW GARDENS RD F SENECA AV BROOKLYN