149 New Jersey Ave
0.12 Acres of Residential Land Offered at $2,950,000 in Brooklyn, NY 11207
INVESTMENT HIGHLIGHTS
- No Landlord Responsibilities
- Ground Lease with 39 years remaining
EXECUTIVE SUMMARY
The Ground Lessor has 39 years remaining on the Ground Lease with increases every 5 years of the greater of either 10% or the inflation adjustment. No Landlord responsibilities!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $2,950,000 |
| Sale Type | Investment |
| Sale Condition | Ground Lease (Leased Fee) |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.12 AC |
| Opportunity Zone |
Yes |
1 LOT AVAILABLE
Lot
| Price | $2,950,000 |
| Price Per AC | $25,073,520.66 |
| Lot Size | 0.12 AC |
- 5125 SF Lot - R8A Zoning for sale - Interior Lot - Ground Lessor is mid construction - Foundation in-place
DESCRIPTION
- 5125 SF Lot - R8A Zoning for sale - Interior Lot - Ground Lessor is mid construction - Foundation in-place The Ground Lessor has 39 years remaining on the Ground Lease with increases every 5 years of the greater of either 10% or the inflation adjustment. No Landlord responsibilities!
1 of 1
Walk Score®
Very Walkable (78)
Transit Score®
Rider's Paradise (100)
ZONING
| Zoning Code | R6 (Medium density residential district) |
