141 Greene Ave Brooklyn 11238

1059 Fulton St, Brooklyn, NY 11238 | Guy Mymon | 917-650-8744 | [email protected] EXECUTIVE SUMMARY Welcome to 141 Greene Ave

A brand new landmark mixed use corner building in one of the best locations in Brooklyn

The building is after Gut renovation from A-Z.

Located between Greene Avenue and Waverly Avenue.

141 Greene Avenue provides the opportunity to acquire a brand new mixed use corner building. The three-story building is 3300 SF set on a 20 ft x 60 ft lot

The building is advantageously situated on one of the most prime blocks in Clinton Hill

3 minutes walk from the G train (Clinton-Washington Avenues Station)

5 minutes walk from the A,C train (Clinton - Washington Av.)

Several major institutions within a short distance of the building include The Fort Greene park, Brooklyn Navy Yard, The Pratt Institute, Brooklyn Academy of Music, and Barclays Center. The property also benefits from its proximity to three major retail corridors: Myrtle Avenue, Dekalb Avenue and Fulton Street, which together are home to a wide array of retailers, including both national chains and local stores and a myriad of bars and restaurants, including some of the most acclaimed restaurants in Brooklyn. 1059 Fulton St, Brooklyn, NY 11238 | Guy Mymon | 917-650-8744 | [email protected] Rent roll

Unit Unit type Monthly Rent Yearly Rent Leases EXPENSES

$ 13,000 Real Estate Taxes Apt 1st fl 4bd\4ba $5500 $66,000 1 year lease $1500 (CM tenants 1100 sqft paying) Water & Sewer Apt 2nd fl 4bd\4ba $5500 $66,000 1 year lease $4500 1100 sqft Insurance $400 Electricity Retail Pizza 2ba $2000 $24,000 10 Years %3 ($6,480) 350 sqft lease Management %2 ($4,320) Vacancy Retail 2ba $5000 $60,000 10 Years laundromat lease TOTAL: $30,200 750 sqft Price: $3,725,000 Cap rate: 4.99% Total ---- $18,000 $216,000 ---- monthly rent:

1059 Fulton St, Brooklyn, NY 11238 | Guy Mymon | 917-650-8744 | [email protected] Building details

141 Greene Ave Property information Block(s)/Lot(s): 03430-0052 Zoning District(s): R6B Building Class: B1 Property Tax Class: 1 Year Built: 1910 Current tax bill: $13,003 Lot (Sq Ft): 1,200 Lot Dimensions: 20 ft x 60 ft Stories: 3 + Full Basement Bldg On Lot: 1 Bldg (Sq Ft): 3,300 + 1,100 (Basement) Bldg Dimensions: 20 ft x 55 ft Residential Units: 2 Commercial Units: 2

Residential FAR: 2 1059 Fulton St, Brooklyn, NY 11238 | Guy Mymon | 917-650-8744 | [email protected] STREET VIEW

1059 Fulton St, Brooklyn, NY 11238 | Guy Mymon | 917-650-8744 | [email protected] MAPS