1026 Manhattan Ave, Brooklyn, NY 11222

Kings County

Last Updated: October 12, 2023

For Sale $5,250,000

Year Built: 2021
1026 Manhattan Ave
Brooklyn, NY 11222
Foreclosure History
Property details
The description and property data below may have been provided by a third party, the homeowner or public records.
The subject property is a three-story mixed-use building, consisting of seven apartments and two stores. All of the current tenants are on a month-to-month basis.As such, the property is primed to be a redevelopment site on the major retail corridor in Greenpoint, Brooklyn.The two tax lots combine for a total of 4,375 SF with 50of frontage on Manhattan Avenue and allow for a total of 15,094 BSF of mixed-use market rate development or 20,125 under the inclusionary housing program. For a developer looking to take advantage of various tax-saving incentive programs you have the option to improve the current structure and likely receive the benefit of a 15-year J-51 tax exemption or you may choose to tear down and rebuild under the inclusionary program in which you may receive the benefit of a 25-year 421a tax exemption. Greenpoint has over 5,000 new residential units in the queue for development which should contribute to the overall thriving dynamic of the neighborhood and increase the demand of properties with a retail component.
Property features
Primary Land Use and Tax Lot Information
  • 1026 MANHATTAN AVENUE, 11222
  • DOB Overview:
  • Building Class:
    D7
    Elevator Apartments: Semi-fireproof With Stores
  • Year Built:
    2021
  • Number of Buildings:
    1
  • Floors on Main Building:
    7
  • Building Dimensions:
    75'75'
  • Actual Square Footage:
    38,942
  • Calculated Square Footage:
    39,375
  • Residential Floor Area:
    35,172
  • Commercial Floor Area:
    3,770
  • Retail Floor Area:
    3,770
  • Total Units:
    36
  • Residential Units:
    35
  • Proximity:
    Semi-attached
  • Address:
    1026 MANHATTAN AVENUE
  • Zip Code:
    11222
  • Borough:
    Brooklyn (3)
  • Block — Lot:
    2513 — 2
  • BBLE:
    3025130002
  • Lot Buildings:
    BIN
    Name
    3000000 1026 MANHATTAN AVENUE

  • Ownership:

  • Land Use:
    04
    Mixed Residential & Commercial Buildings
  • Lot Dimensions:
    75'100'
  • Calculated Lot Perimeter:
    356.23 ft
  • Acres:
    0.17
  • Lot Area:
    6,250
  • Lot Type:
    Inside
  • Irregular Lot:
    An irregularly shaped lot
  • Zoning Districts:
    R7A
    Moderate-density residence district
  • Commercial Overlays:
    C2-4
    Commercial districts that are predominantly residential in character
  • Zoning Map:

  • Actual FAR:
    6.23
  • Max Residential FAR:
    4
  • Max Commercial FAR:
    0
  • Max Facility FAR:
    4

  • Max Residential Sqft:
    25,000
  • Buildable Residential Sqft:
    0
  • Residential Area Distribution:
Real Property Records
Document Type
Personal Property Records
Document Type
Property Price History
Date Event Price
Jan 24, 2022 Relisted $5,250,000
Jan 19, 2022 Listing removed
Schools
School Name Rating
Williamsburg Preparatory School
257 North 6th Street, NY 11211
6 / 10
Conselyea Preparatory School
208 North 5th Street, NY 11211
5 / 10
P.S. 34 Oliver H Perry
131 Norman Avenue, NY 11222
9 / 10
Data provided by GreatSchools.org © 2024. All Rights Reserved.
School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.