Type:
Mixed Use
Sq Ft:
5,600
Units:
Property Description
Investment Property Realty Group (IPRG) has been exclusively retained to sell 64 Lott Avenue. The subject property is located on the corner of Lott Avenue & Amboy Street in Brownsville.
The property offers 5 free-market apartments over 1 commercial unit. The property is built 25 ft x 72 ft, offering approximately 5,600 square feet (includes 200 Sf garage). The lot is built 25 ft x 90 ft.
All the apartments are currently configured as 2BR layouts. The building offers immediate value-upside with 3 of the 6 apartments being MTM and all units currently below market. The rear units are easily convertible to 3BR and program rents in the neighborhood are paying up to $2,257 for 2BR apartments and $3,188 for 3BR apartments.
-
Block & Lot:
03621-0039
-
Neighborhood:
Brownsville
-
Cross Streets:
Corner of Amboy St & Lott Ave
-
Building Dimensions:
25 ft x 72 ft
-
Lot Dimensions:
25 ft x 90 ft
-
Units:
6
-
Total Approx. SF:
5,600
-
Zoning:
R6
-
FAR:
2.2
-
Tax Class:
2A
