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Résumé de l'annonce
The building is currently configured with retail and medical tenants and features 10’+ ceiling heights and elevator access throughout, allowing for a highly usable and customizable layout. Notably, a credit-worthy second-floor tenant is paying approximately $13,500 per month, enabling an owner-user to occupy the remaining space while offsetting carrying costs, or allowing an investor to retain that income while repositioning the balance of the building with market-rate tenants.
From a development perspective, the property is located within a Qualifying Residential Site (QRS), which allows for a mixed-use FAR of up to 2.5, translating to approximately 14,000 buildable square feet. This provides meaningful long-term optionality while maintaining current income in the interim.
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- Offering Memorandum
Faits sur la propriété
Commodités
- Concierge
- Cuisine
- Chauffage central
- Hauts plafonds
- Wi-Fi
- Planchers de bois franc
- Climatisation
Disponibilité des espaces
- Espace
- Taille
- Utilisation de l’espace
- État
- Disponible
Set within one of Flatbush’s established commercial areas, 5203–5207 Church Avenue, an approximately 15,000 SF (~10,000 SF above grade) commercial property situated along one of Flatbush’s predominant retail corridors. The property can be delivered vacant, offering a compelling opportunity for an end-user or for repositioning or redevelopment by an investor. The building is currently configured with retail and medical tenants and features 10’+ ceiling heights and elevator access throughout, allowing for a highly usable and customizable layout. Notably, a credit-worthy second-floor tenant is paying approximately $13,500 per month, enabling an owner-user to occupy the remaining space while offsetting carrying costs, or allowing an investor to retain that income while repositioning the balance of the building with market-rate tenants. From a development perspective, the property is located within a Qualifying Residential Site (QRS), which allows for a mixed-use FAR of up to 2.5, translating to approximately 14,000 buildable square feet. This provides meaningful long-term optionality while maintaining current income in the interim.
| Espace | Taille | Utilisation de l’espace | État | Disponible |
| 1er étage | 4 000 à 14 700 pi² | Commerce de détail | construction complète | Maintenant |
1er étage
| Taille |
| 4 000 à 14 700 pi² |
| Utilisation de l’espace |
| Commerce de détail |
| État |
| construction complète |
| Disponible |
| Maintenant |
1er étage
| Taille | 4 000 à 14 700 pi² |
| Utilisation de l’espace | Commerce de détail |
| État | construction complète |
| Disponible | Maintenant |
Set within one of Flatbush’s established commercial areas, 5203–5207 Church Avenue, an approximately 15,000 SF (~10,000 SF above grade) commercial property situated along one of Flatbush’s predominant retail corridors. The property can be delivered vacant, offering a compelling opportunity for an end-user or for repositioning or redevelopment by an investor. The building is currently configured with retail and medical tenants and features 10’+ ceiling heights and elevator access throughout, allowing for a highly usable and customizable layout. Notably, a credit-worthy second-floor tenant is paying approximately $13,500 per month, enabling an owner-user to occupy the remaining space while offsetting carrying costs, or allowing an investor to retain that income while repositioning the balance of the building with market-rate tenants. From a development perspective, the property is located within a Qualifying Residential Site (QRS), which allows for a mixed-use FAR of up to 2.5, translating to approximately 14,000 buildable square feet. This provides meaningful long-term optionality while maintaining current income in the interim.
Impôts fonciers
| Numéro de lot | 04678-0044 | Évaluation des bâtiments | 1 012 507 $ CAD |
| Évaluation du terrain | 101 979 $ CAD | Évaluation totale | 1 114 486 $ CAD |
Impôts fonciers
Présenté par
5205-5207 Church Ave
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