18,000 sf, Commercial Building
A 5 story elevatored commercial loft building, and contains a total above grade square footage of approximately 18,000. The building currently has 2 retail stores on the ground floor. Floors two through five are being used commercially with one unit per floor. The building is zoned R8B with an FAR of 4.0 and is currently overbuilt meaning there are no available air rights. All floors, including the basement which is useable, have 11f ceilings and a freight elevator opening to the sidewalk. Actual/Projected Revenue: $650,000 (Appx.). Projected Net Operating Income: $510,000 (Appx.). Given that 5 floor can be delivered vacant the building poses an excellent opportunity for a user/investor.
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