Price Reduced 5.95%

$3,950,000

Est. Mortgage $19,714/mo *

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Price History

$4,200,000
1/21/2025

$3,950,000
2/5/2025

17-19 Lamont Court, New York, (Brooklyn), NY, 11225

17-19 Lamont Court, New York, (Brooklyn), NY, 11225
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1940

Calling All Investors, Developers & End-Users!!! SHOVEL READY Development Site For A 22 Unit 19,100+ Sqft Building In Brooklyn For Sale!!! The Property Has Plans In Place For A Brand New Building!!! The Building Will Feature Great Exposure, Excellent Signage, 5 (2 Br.) Apartments, 1 Br. Apartment, 7 Parking Spaces, High 9’ Ceilings, 7 Stories, Sprinklers, Elevator, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Brooklyn Near Barclays Center, Brooklyn Museum, Kings Theatre & Brooklyn Children’s Museum!!! Neighbors Include Starbucks, UPS, The Home Depot, Public Storage, CubeSmart Self Storage, Safeguard Storage, Target, Staples, Planet Fitness, PetSmart, Shake Shack, Mavis Discount Tire, Auntie Anne’s, Wendy’s, Checkers, White Castle, KFC, +++!!! This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site!!! Income: (5) 2 Br. Apts.: $252,000 Ann. (10) 1 Br. Apts.: $384,000 Ann. (5) Studio Apts: $138,000 Ann. 2 Br. Penthouse: $62,000 Ann. 1 Br. Penthouse: $51,600 Ann. 7 Parking Spaces: $21,000 Ann. Pro Forma Gross Income: $908,600 Ann. Expenses: Gas: $0 Electric: $0 Water & Sewer: $3,257 Ann. Insurance: $5,217 Ann. Taxes: $8,254.96 Ann. Total Expenses: $16,728.96 Ann. Pro Forma Net Operating Income (NOI): $ 891,871.04 Ann.

Status:

Active

Town:

New York

Type:

Commercial

Units:

22

Heating:

Oil

Cooling:

Central Air

Basement:

See Remarks

Levels:

7

Parking:

7-car

Est. Taxes:

$8,255

Construction

Block

Utilities

See Remarks

School District:

Brooklyn

Days on Market:

63

MLS #:

815482

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of All Island Estates Realty Corp 516-783-5600