Property Description for 418 New Jersey Ave
418 New Jersey Avenue is located in the heart of East New York and a Pre-War building built in 1930. All of the 6 Residential apartments are Fully occupied and the net income per year is over 7%! The closest subway to 418 New Jersey Avenue is 6 Blocks away on the 3 Line stop on Pennsylvania Avenue. Each of the 6 apartments are identical and all are Two Bedroom flats with One bathroom.
The building details are as follows:
Block: 3772 Lot: 34
Property Characteristics:
Lot Area: 2,000 sq ft (20' x 100')
# of Buildings: 1 Year built: 1930
Building frontage: 20' (Building frontage along the street measured in feet.)
# of floors: 3 Building Area: 3,600 sq ft
Total Units: 5 Residential Units: 5
Primary zoning: R6 Commercial Overlay: C1-3
Floor Area Ratio: 1.8
Max. Allowable Residential FAR: 2.43
Max. Allowable Commercial FAR: 0
Max. Allowable Facility FAR: 4.8
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