1308 Kings Highway

New York > Brooklyn > 11235 > Homecrest

1308 Kings Highway - 1308 Kings Hwy, Brooklyn, NY 11229

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For Sale

Office

For Sale

This property is available for sale

0.04

Acres

$4,500,000

Sale Price

Overview
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.

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Property Details

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.