Eclip

 

NEW YORK CITY OFF-MARKET PROPERTIES

Eclipse Day 2017

 

MANHATTAN 

   
MURRAY HILL – 23-STORY, 93-UNIT MIXED-USE RENTAL BUILDING with approximately 193,552 total sellable square feet, newly built on a 7,500 SF lot. The property is comfortably situated on the East River, Murray Hill is still within walking distance to some of the city’s best public amenities, like Bryant Park and the New York Public Library’s Main Branch, and because of its relative proximity to Turtle Bay and the United Nations, a number of diplomatic missions and internationally-oriented cultural institutions may be found in the area. Located at the nexus of Manhattan's desirable Murray Hill and Kips Bay neighborhoods offering elegant and contemporary residences and commercial space. Asking $125m or $1,337 PSF.

HUDSON YARDS – FULL BLOCK-THROUGH WITH 81,686 SF MIXED-USE FOR DEVELOPMENT with an existing three-story building of 31,106 SF (at FAR 3.0) on a 10,862.50 SF lot (55’ x 197.5’). The maximum buildable residential FAR is 7.52; the maximum buildable commercial FAR is 6.0; and, the maximum buildable facility FAR is 10.0. This site has a total of approximately 81,686 SF of available air rights (built and allowable FAR). The current zoning for the site is: C6-3/WCH. Primary zoning: C6-3 Commercial Overlay: None - Residential District Equivalent: R9. Note: 7.2 FAR on wide streets outside the Manhattan Core under Quality Housing Program and a FAR bonus of up to 20% for a public plaza and an Increase in FAR with Inclusionary Housing Program bonus. Asking price: $60m firm – Ownership will consider a Joint Venture where ownership can garner the asking price through a luxury condominium development.
 
UPPER WEST SIDE – SITE FOR DEVELOPMENT
a 60’ wide development site in the heart of the Upper West Side just steps from Central Park. The property lies within an R9 zone. Current plans call for a 22-story residential tower with the lower floors comprised of approximately 15,674 SF of community facility space. The property represents one of the last true ground up development sites left on all the Upper West Side, features will include large floor plates, high ceilings, and unobstructed views of Central Park above the 12th floor. The site will be sold on an as-is basis. Asking price: $44m.
 
MORNINGSIDE – TWO SITES FOR DEVELOPMENT including light and air easements and the rights to cantilever over one of the existing structures. As it stands, site #1 is a vacant lot, and site #2 includes a property of public assembly on a contiguous lot. The dimension of vacant lot at Site #1 is 39.42’ by 83.58’ (3.051 SF). The as of right buildable square footage by combining the air rights of Site #2 is 20,447 SF. The building on Site #2 is a four-story public facility with 10,490 SF built in 1900 on a 2,646 SF lot (28.17’ x 93.92’) with an as built FAR of 3.96. This opportunity offers investors a chance to develop a prime condominium or rental building in a booming neighborhood. The site is readily accessible to the express subway station and main retail corridor. The project gives a developer a tremendous opportunity to build in a high-density neighborhood undergoing significant gentrification and growth. Asking price: $16m.
 
SOHO – SEVEN-STORY CONDOMINIUM LOFTS CONVERSION BUILDING with 11,389 SF of area built in 1910 on a 1,627 SF lot (20.33’ x 80’). An estate sale with property delivered vacant. A win-win situation for a condominium lofts developer, and a value-added play. An L3 Loft Building classification with an elevator and stairs. Property offers the potential for a seven-story condominium loft floor through apartments with Hudson Park and River views. Current zoning is C6-2A. FAR as built: 7. Maximum allowable Residential FAR: 6.02; Maximum Allowable Commercial FAR: 6.0; Maximum Allowable Facilities FAR: 6.5; FAR is currently maxed-out (no air rights available). Asking price: $14.5m.


LOWER EAST SIDE – FIVE-STORY, 24-UNIT MIXED-USE BUILDING FOR REDEVELOPMENT currently with 10,660 SF above grade plus 1,775 SF of basement area. Built in 1910 on a 2,188 SF lot (25’ x 87.5’). Zoning: C6-2; FAR as built 3.89; Maximum allowable residential FAR: 6.02; Maximum allowable commercial FAR: 6.0; Maximum allowable facility FAR: 6.02 with 6.5. Lot can be built with up to 14,222 SF with a community facility allowing for a FAR of up to 6.5. The building is NYC beach front property facing Seward Park which commands premium condominium price, rentals, or hotel. There are 20 one-bedroom apartments, two, two-bedroom garden apartments and two stores. Asking price: $12.5m.

WASHINGTON HEIGHTS – FOUR-STORY, EIGHT-UNIT OLD LAW TENEMENT (C4) MULTI FAMILY with 4,739 SF of area, built in 1910 on a 1,890 SF lot (18.92’ x 99.92’), building size is 19’ x 64’. Property is currently vacant. Taxes are $9,016, Zoning is R7-2. (0551E). Asking price: $2m.
 

BROOKLYN


DOWNTOWN – A 34-UNIT BLOCK ON 58-UNIT, 18-STORY CONDOMINIUM BUILDING completed in 2007 this property offers efficient floor plans and top of the line finishes and appliances. Situated near the affluent neighborhood of DUMBO, with spectacular panoramic views of the Brooklyn and New York City skyline and many amenities. (0189). Asking price: $30m.
 
PARK SLOPE SOUTH – 100-UNIT, SIX-STORY MULTI FAMILY ELEVATOR BUILDING with 63,000 SF of area built in 1926 on a 15,000 SF lot (150’x100’) there is parking for 19 vehicles. The building is comprised of 56 1-Bed/1-Bath apartments, 44 studios, and 19 parking spaces. Zoning: R7-A; PGI $1,2m, OE: $460k; NOI: $453k. (0220). Asking price: $27.5m.
 
GREENPOINT – FIVE-STORY, 31-UNIT MIXED-USE CORNER BUILDING FOR REDEVELOPMENT
with 22,000 SF of area completed in 1931 on a 5,000 SF lot (50’ x 100’) on a magnificent location. The building has 24 residential apartments (21 are two-bedroom and three are three-bedroom), and seven commercial spaces (retail). Eight apartments are currently vacant with an additional six willing to take cash to leave. Four commercial spaces are currently vacant, can get the other three vacant if needed. Zoning: C2-4/R7A, Property taxes: $67,250. Property is sold as-is, where-is, with all its faults and limitations; no representations and/or warranties are given or implied. (0972). Asking price: $17.5m.
 
SUNSET PARK – FOUR MIXED-USE BUILDINGS PORTFOLIO three of the properties are corner buildings, (i) four-story, nine-unit and 9,373 SF of area built in 1931 on a 25.33’ x 100’ lot. GRI of $221k; (ii) four-story, eight-unit and 7,232 SF of area built in 1931 on a 26.67’ x 100’ lot. GRI of $211k; (iii) four-story, nine-unit and 8,556 SF of area built in 1905 on a 25.17’ x 100’ lot. GRI $228k; (iv) four-story, ten-unit and 8,737 SF of area built in 1911 on a 20’ x 100’ lot. GRI $250k. A combined 36-Units and 36,098 SF of area. EGI: $910k. Property is sold as-is, where-is, with all its faults and limitations; no representations and/or warranties are given or implied (0476). Asking price: $13.5m.
 
KENSINGTON – SEVEN-STORY, 12-UNIT BRAND NEW CONDOMINIUM BUILDING with an elevator and parking for eight cars. The building has 17,318 SF of area and was completed in 2007. The building is sitting on a 4,000 SF lot (40’ x 100’) and is currently vacant. Property is sold as-is, where-is, with all its faults and limitations; no representations and/or warranties are given or implied. (0475). Asking price: $7.95m.
BEDFORD STUYVESANT – 13-UNIT MIXED-USE, FOUR-STORY CORNER BUILDING with 9,960 SF of area completed in 1931 on a 2,730 SF lot (30’ x 91’), Zoning C2-4/R6A. There are 12 residential units and one commercial retail space, all vacant. The area, presently gentrifying, can boast of some of Brooklyn's most handsome and historic brownstones and grand old apartment buildings. Property is sold as-is, where-is, with all its faults and limitations; no representations and/or warranties are given or implied. (0358). Asking price: $5.1m.

SUNSET PARK – 16-UNIT, FOUR-STORY RESIDENTIAL BUILDING with 16,512 SF of area completed in 1912 on a 4,800 SF lot (48’ x 100’), There are eight three-bedroom, and eight two-bedroom rent-stabilized apartments. Property is fully occupied producing EGI: of $212.4k; OE: $65.1k; NOI: $141.3k. Sunset Park is bordered by Bay Ridge in the south, Park Slope on the north and Borough Park on the east and can be accessed by subway on the D, M. Property is as-is, where-is, with all its faults and limitations; no representations and/or warranties are given or implied. (0430). Asking price: $4m.

PARK SLOPE – THREE-STORY, EIGHT-FAMILY BROWNSTONE BUILDING with 3,241 SF of area completed in 1920 on an 1,813 SF lot (19.08’ x 95’). Site is zoned R7B; property taxes are $25,836; currently generating annual EGI of $200k. A charming brownstone just half a block from Prospect Park on a beautiful tree-lined street. Property sold as-is, where-is, with all faults and limitations without any representations and/or warranties made or implied. (0606). Asking price: $4m.

WILLIAMSBURG – SEVEN-UNIT MIXED-USE BUILDING FOR REDEVELOPMENT with 5,500 SF of area completed in 1920 on an 1,875 SF lot (25’ x 75’). Rent stabilized property currently generating EGI of $117k. Zoning: C1-3/R6B; Property taxes: $7,467. Property is sold as-is, where-is, with all its faults and limitations; no representations and/or warranties are given or implied. (0148). Asking price: $4m.
 
STUYVESANT HEIGHTS – EIGHT-UNIT MIXED-USE BUILDING WITH A CONTIGUOUS LOT
the building has seven apartments and a store with 6,874 SF of area completed in 1910 on a 1,710 SF lot (22’ x 80’). The contiguous vacant lot is 2,080 SF (26’ x 80’). Annual property taxes on the building is $9,022 and on the contiguous lot $4,872. Current zoning on both properties is C2-4/R6A. Property is sold as-is, where-is, with all its faults and limitations; no representations and/or warranties are given or implied. (0265). Asking price: $3.9m.
 
BUSHWICK – THREE-STORY, FIVE-UNIT BUILDING with 5,150 SF of area built in 1920 on a 2,498 SF lot. Property is fully rented. Property is sold as-is, where-is, with all its faults and limitations; no representations and/or warranties are given or implied (0479). Asking price: $3m.
PARK SLOPE – FOUR-STORY, FOUR-FAMILY BRICK HOME with 3,281 SF of area completed in 1920 on a 1,750 SF lot (17.50’ x 100’), located within walking distance to the Barclays Center, shopping, dining, transportation (subway, buses, and LIRR). (0616) Property is sold as-is, where-is, with all its faults and limitations; no representations and/or warranties are given or implied (0616). Asking price: $2.7m.
 
STUYVESANT HEIGHTS – FOUR-STORY, FOUR-UNIT MIXED-USE CORNER BUILDING three fully renovated floor through apartments each with four-bedrooms and two-bathrooms. Finishes include maple wood cabinets with stainless steel appliances, pine wood floors, recessed track lighting and a bath with porcelain shower flooring. Located on the corner each unit has multiple windows and is drenched in sunlight. There is one 1,700 SF store plus basement. The building has 4,000 SF of area and was completed in 1900 on a 1,900 SF lot. Property is fully rented PGI is $160,800 and PNOI: $138,825. Current income is $110,400. Asking price: $2.65m.
 
CROWN HEIGHTS – FOUR-STORY CONVERTED DWELLINGS OR ROOMING HOUSE (C5) with 4,550 SF of area completed in 1931 on a 2,000 SF lot (20’ x 100’). Taxes are $8,736. Zoning: R6. Rent regulated however all tenants are squatters and subject to eviction. Seven apartments with six room SRO. Currently set up as ten apartments with one room SRO. Three apartments are vacant and the remaining apartments and SRO are in the process of eviction. After the eviction process is completed, a substantial renovation can be done to the property to take it out of rent stabilization. Legally, the seven apartments are available immediately; the SRO part can await the necessary time to obtain a certificate of non-harassment from HPD. Property is sold as-is, where-is, with all its faults and limitations; no representations and/or warranties are given or implied. (1237). Asking price: $2.3m.
 
BROWNVILLE – RETAIL STRIP MALL WITH FIVE STORES AND TWO APARTMENTS with two-stories and gross leasable area of 6,075 SF built in 1930 on a 2,500 SF lot. Property is fully leased generating a gross monthly rental income of $11,700. Current property taxes are $13,690. Property is sold as-is, where-is, with all its faults and limitations; no representations and/or warranties are given or implied. (0413). Asking price: $1.9m.
 
GRAVESEND – THREE-STORY SIX MIXED-USE CORNER TOWNHOUSE BUILDING with five apartments (one one-bedroom and four two-bedroom) and a store with a combined 5,040 SF of area completed in 1931 on an 1,890 SF lot. Property is fully occupied. EGI: $110,172, NOI: $90,172. Asking price: $1.79m.  
 

STUYVSANT HEIGHTS – THREE-STORY MIXED-USE BUILDING FOR REDEVELOPMENT comprised of two buildings. The first one has two residential units (second and third floors) and a day care located on the first floor. The second building for use as an office. The property has approved conversion plans to a two family, daycare and office or community center, however more can be accomplished to fully reach its true potential. The four-unit townhouse was originally built as a three-story structure in 1910 on a 2,633 square feet lot. The property currently enjoys a FAR of 2.0 which allows for 5,266 Square feet. There is a total of 2,026 of unused buildable square feet “air rights” under the current FAR. The property will be delivered vacant. The property is perfect for a redevelopment of expanded footage as it enjoys a generously sized 26.3’ x 100’ lot. Asking price: $1.55m.  
 
QUEENS


LONG ISLAND CITY – SIX-STORY, 48-UNIT RESIDENTIAL BUILDING elevator building with 46,000 SF of area completed in 1932 on a 10,000 SF lot (100’ x 100’). This property is a corner building. Zoning: C-2/R6B; Property taxes: $97,939. Property is sold as-is, where-is, with all its faults and limitations; no representations and/or warranties are given or implied (3405). Asking price: $17m.
 
BAYSIDE – FIVE-STORY ELEVATOR BUILDING WITH SIX COMMERCIAL UNITS with 19,287 SF of area completed in 2006 on a 6,828 SF lot (47.42’ x 144’), zoning is C2-2/R4. Taxes for the year are $26,000 with an ICIP-Industrial and Commercial Incentive Program currently in place. The site has underground parking, outdoor patio, and large terraces. Property is 99% occupied with long-term leases. Property is sold as-is, where-is, with all its faults and limitations; no representations and/or warranties are given or implied. (3440). Asking price is $7.5m.     
 
MASPETH – THREE-STORY, EIGHT-UNIT MIXED-USE CORNER BUILDING WITH ADJACENT WAREHOUSE asset is comprised of two contiguous sites, Site #1 includes a three-story, eight-unit mixed-use elevator building with high-ceilings, and basement. The building has six-apartments and two stores with a 5,750 SF of area, built in 1940 on a 4,897 SF lot (37.67’ x 130’). Site #2 is comprised of a vacant single-story warehouse with 4,500 SF built in 1931 on an 8,070 SF lot. Asking price for both contiguous sites is $6.6m.    
 
ROCHDALE – STRIP CENTER WITH NINE RETAIL STORES with 11,400 SF of area completed in 1965 on a 21,000 SF lot (210’ x 100’); the building dimensions are 190’ x 60’ The property consists of nine retail stores but has 11 legal addresses and 11 meters thus offering an additional incentive. Zoned as R3-1 which allows for additional expansion. Property taxes are $75,113. Property is close to public transportation on a very busy intersection. Property is sold as-is, where-is, with all its faults and limitations; no representations and/or warranties are given or implied. (13412). Asking price: $4.6m.
 
ELMHURST – 16-UNIT RESIDENTIAL BUILDING with 10,208 SF of area completed in 1925 on a 4,000 SF lot (40’ x 100’). The building is a mix of (1) two-bedroom, (14) one-bedroom, and (1) studio apartments. All units are rent stabilized and currently rented at below market rates. The property is conveniently located three blocks away from the 7 train on 90th Street & 82nd Street. Close to Grand Central Parkway, LaGuardia Airport, in a densely-populated area of Queens. Property taxes: $31,500. EGI: $241.9k; OE: $74.5k; NOI: 166.5k. Property is sold as-is, where-is, with all its faults and limitations; no representations and/or warranties are given or implied. (4119). Asking price: $4.3m.
 
FLUSHING FOUR-STORY, SIX-UNIT MULTIFAMILY BUILDING with 4,586 SF of area completed in 2012 on a 1,800 SF lot. The property is fully rented with EGI of $119,400.  Asking price: $2.35m.
 
BRONX


NORTH BRONX – 402-UNIT SECTION-8 MULTIFAMILY PORTFOLIO eight buildings located in the areas of Parkchester, Bronxdale, Kingsbridge Heights, Norwood, and Wakefield. With EGI of $5.8m; OE of $2.3m; and, NOI of $3.1m. Asking price $80m.
 
TREMONT – 28-UNIT MIXED-USE, SIX STORY WALK-UP CORNER BUILDING with 19,969 SF of area completed in 1917 on a 4,612 SF lot (43’ x 107.25’), Zoning C1-4/R8. EGI: $465.3k; OE: $146.5k; NOI: $318.8k. Property taxes: $55,693. There are 25-Apartments and three-commercial retail spaces. Property is sold as-is, where-is, with all its faults and limitations; no representations and/or warranties are given or implied. (2275). Asking price: $5.5m.

 

 

 

IMPORTANT NOTICE
Principals only – we cooperate via a professional referral fee paid out at closing of a successful transaction with our firm. All information furnished regarding the above properties is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to error, omissions, changes, prior sale, lease or financing or withdrawal without notice. All zoning, buildable footages and uses must be independently verified. Properties sold as-is, where-is, with all faults and limitations without any representations and/or warranties. Investment value is dependent upon the estimates and assumptions above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or your legal counsel should evaluate. PROSPECTIVE PURCHASER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN. Information being provided is for investors' personal, entertainment, and non-commercial use.

 

Print Print | Sitemap
Open Deuren LLC Copyright 2014 - 2017 - All Rights Reserved.