Property Description for 3120 Church Ave
Prime Flatbush Development and Assemblage Opportunity.
3120 Church Ave is a two story 18.58 x 58 brick mixed-use building on a 100.75 lot with R6, C1-2 zoning. The commercial tenant has a lease in place through 2027 at $5,500 per month. The residential portion is a 4 bedroom / 1 bath unit with a month to month tenant at $2,200 per month. Both tenants are responsible for their own gas and electric cost - commercial tenant is responsible for 25% of water/sewage cost. Some of the neighborhood's best amenities are right on Church Ave, 2/5 trains are 1 block away and there are new developments all around the surrounding area.
This property is being offered with 14 East 32nd Street which is contiguously attached on the back west side of the lot. 14 East 32nd Street is a 40 x 100 lot with R6, C1-2 zoning. There is an existing two story 18.5 x 36 semi-detached frame Single Family Home on the lot.
This assemblage presents a potential residential FAR of 14,000 SF +/-.
Total price for both properties $2,600,000.