Coldwell Banker Reliable Real Estate is pleased to offer for sale,2925 Avenue J, Brooklyn, NY 11220. This mixed-use corner property offering includes 4 storefronts and 3 residential apartments, totaling 3,740 sq. ft. All spaces are currently occupied with no leases. All spaces are in good condition, making the property an excellent investment opportunity, with huge upside potential. The building is situated on a 20 x 100 lot. It is zoned, C2-2/R6, allowing for residential or commercial development with a Floor Area Ratio of 4.8 for commercial facility total buildable of 4,800SF. Suitable development uses include residential rental units, residential condo sales units, as well as ground floor commercial space. Location Highlights: Corner of Nostrand Avenue and Avenue J is in Midwood. It has high foot traffic, located in a densely populated area. Conveniently located close to Brooklyn College, Flatbush Junction, Shopping, Restaurants, Roads and Public Transportation.
2925 Avenue J, Brooklyn, (Midwood), NY, 11210
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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