30,000 SF Retail Bldg | 100% Occupied | Brooklyn, NY

43,000 SF Retail Bldg | Brooklyn, NY

1100 -1114 Kings Hwy, Brooklyn, NY 11229

Property Info

Zetabid is accepting offers on this prime retail building located on the corner of Kings Highway and Coney Island Avenue in Brooklyn’s Midwood neighborhood. The 43,318 square foot building sits on two tax lots with 27,725 square feet of land and 109 feet of frontage on Kings Highway and 251’ on Coney Island Avenue. The parcels are zoned C4-4A & C2-3/R7A with a FAR of 4 creating a future mixed use residential over commercial development opportunity for a building of just under 110,000 square feet (79,600 air rights). Ownership created conceptional plans for 154 residential units over retail and likely represents the long term highest and best use when leases end.

The property is surrounded by national retailers including Walgreens, 24-Hour Fitness, Taco Bell, 7-Eleven, TD Bank, Starbucks, TJ Maxx, and AT&T. Located four blocks from the Kings Highway subway station (Q/B Trains), this location is situated on a prime Brooklyn corner with outstanding visibility on two of the most heavily traveled streets in Brooklyn.

  • City : Brooklyn
  • State : NY
  • Zip Code : 11229
  • Property Type : Retail
  • Square Feet : 43318
  • Lot Size : 27,725 SF
  • Year Built : 1971
  • Year Renovated : 2012
  • Price Per SF : $661
  • Total Rentable SF | Ground Floor SF : 42,042 | 24,903
  • Cellar/Basement SF | Common Area SF : 17,139 | 1,276
  • Zoning : C4-4A | C2-3/R7A
  • FAR Max : 4
  • FAR-Buildable SF : 109,838
  • Total Air Rights : 79,600
  • Frontage Kings Hwy | Coney Island : 109' | 251'
  • Parcel ID Kings Hwy | Coney Island : 06794-0078 | 06794-0074
Status:Active

Additional Information

 

 

Starting Bid: $25,900,000
  • Buy Now Price :$25,900,000

    Important Information

    • Buyers Premium :2%
    • Broker Coop :1%
    • Financing :No
    • Inspection Contingency :Yes
    • Showings :Call Eric Koesterer @ 818.426.2660

    Auction Contact

    Broker Contact

    • Name :Yuriy Mavashev
    • Phone :(818) 426-2660