Mixed-Use Property Listed at 100 Remsen Street Brooklyn
FOR SALE
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$44,000,000
100 Remsen Street, Brooklyn, NY 11201
65,920 SF
Square Feet
$667
PPSF
Property Description
Bridge Advisory Group has been exclusively retained to market the sale of the ground lease at 100 Remsen Street. The asset is located in one of the most sought-after neighborhoods in Brooklyn. This building is currently as a cooperative, spanning 65,920 square feet above grade across seventy-eight (78) residential units and two (2) office spaces. The ground lease has 16 years remaining, expiring in 2043. This provides an excellent conversion opportunity to rentals or condos upon ground lease expiry.
Property Details
Asset Type
Mixed-use
Year Built
1950
Zoning
R6
Lot Size
11,594 SF
Neighborhood
Brooklyn Heights
Submarket
Brooklyn
ZIP
11201
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$2,502,989
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$208,582
Annual Debt Service
$2,502,989
View on Map
Address
100 Remsen Street
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Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale
No investors found in this market.
