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Brooklyn, NY 11222
Foreclosure History
Property details
Status
For Sale
Pending
Yes
Days on market
220 days
Type
Condo
Zoning Districts
Year Built
2021
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.
Primary Land Use and Tax Lot Information
for 1026 Manhattan Ave
Property Price History
for 1026 Manhattan Ave
Date | Event | Price | ||
---|---|---|---|---|
Jan 24, 2022 | Relisted | $5,250,000 | — | RealPlus |
Jan 19, 2022 | Listing removed | — | — | RealPlus |
Schools
serving 1026 Manhattan Ave
School Name | Rating |
---|---|
257 North 6th Street, Brooklyn, NY 11211
|
6 / 10 |
208 North 5th Street, Brooklyn, NY 11211
|
5 / 10 |
131 Norman Avenue, Brooklyn, NY 11222
|
9 / 10 |
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