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165 Newport St
Brooklyn, NY 11212
165 Newport St & 486 Chester Street · Retail Property For Sale
Investment Highlights
- Two-Building Corner Assemblage
- Investor or Owner-User Opportunity
- 7,200 Gross Square Feet | Delivered Vacant
- Sub $175/SF
Executive Summary
The Peters Team is pleased to present 165 Newport Street & 486 Chester Street — a two-building, two-story, redevelopment or mixed-use retail assemblage on a single Brownsville block. The corner building offers ground-floor retail with second-floor warehouse, paired with an adjacent garage/auto-repair structure. Delivered together, the ±7,200 SF assemblage suits an owner-user or an investor repositioning the space at a sub-$175/SF basis. With R6 zoning, and available neighboring agreements for light and air, a buyer could maximize the use of affordable UAP apartments here. Delivered Vacant
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
7,200 SF
Building Class
C
Year Built
1930
Price
$1,723,575 CAD
Price Per SF
$239.39 CAD
Cap Rate
11.47%
NOI
$197,774 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.80
Lot Size
0.09 AC
Zoning
R6 - Medium density residential district
Frontage
Property Taxes
| Parcel Number | 03601-0001 | Improvements Assessment | $363,873 CAD |
| Land Assessment | $101,076 CAD | Total Assessment | $464,949 CAD |
Property Taxes
Parcel Number
03601-0001
Land Assessment
$101,076 CAD
Improvements Assessment
$363,873 CAD
Total Assessment
$464,949 CAD
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