1308 Kings Highway, Brooklyn, NY
Others for Sale - $4,500,000 - 1,040 Sq. Ft. on 0.04 acres
Property Info
| CIMLS# | 999852 |
| Location 1308 Kings Highway Brooklyn NY 11229 | |
| Updated | January 10th, 2019 |
| Type | Others |
| Price | $4,500,000 |
| Building | 1,040 Sq. Ft. |
| Land | 0.04 acres |
Property Description
Great location and fully leased. Mixed Use property with 4 levels on prime Kings Highway with huge car and pedestrian traffic. Current zoning is C4-4A, with huge upside potential to add another 3,800 sf (6,948 potential - 3,100 existing), current FAR is 4.0 (check with own architect). 1st tenant occupies 1st floor + basement, and 2nd tenant occupies 2nd + 3rd floor. Asking price is at 3 cap, based on current "below" market rent. Great for 1031 exchange. Do not disturb tenants. Call office for appt with 24 hour notice.
