Closed 08/02/2012

Mixed-Use Building w/ Plans for Multifamily Conversion

301 East 26th Street

East Flatbush

Closed 08/02/2012 at
$610,000 | $112 per SF

7 Total Units
4 Residential Units
3 Commercial Units
5,442 Gross SF
Corner of East 26th Street & Clarendon Road
Subways
2
5
Buses
B49, B41
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Retail/Mixed-Use 301 East 26th Street, East Flatbush
Ofer Cohen
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Details

Block_Lot 5192_1
Total Lot Size 25 ft x 100 ft
Building Size 20.42 ft x 94.92 ft
Building Class S9
Stories 3
Zoning R6
FAR 3.00
Available Air Rights 2,057

Overview

The mixed-use building at 301 East 26th Street is now offered for sale. The building is located on the corner of East 26th Street and Clarendon Road in the East Flatbush neighborhood of Brooklyn.  The building currently consists of four free market residential units and approx. 1,900 SF of retail on the first floor.

The property has approved plans to renovate the first floor and convert the existing retail into three apartments, making the building a total of seven residential units. The ground floor retail space is vacant while the second and third floors are fully occupied. The building has a current income of over $6,400/month and the potential for $9,800/month after renovations/conversion.

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