Prime Corner Development Site

Description

The property is a .07 acre corner level lot located in North Brooklyn, NY. The property is strategically located along Rockaway Ave. (30' of frontage) and is surrounded by a heavily trafficked commercial and residential area. There is a 15-year tax abatement in place. The property has vast income potential and can be suitable for commercial, retail, mixed use, multifamily, office or medical development. The property is only one block from Pitkin Avenue which houses a host of retailers including Rite Aid, US Post Office, Domino's Pizza and GameStop. 

Documents

Auction Information

Property Information

* Requires confirmation of Online Agreement

Terms & Conditions

  • Buyers Premium: 10% based on the high bid.
  • Closing: Sold in As-Is condition, no contingencies.
  • Deposit Amount: $20,000 due at time of auction. DEPOSIT MUST BE IN THE FORM OF A BANK CHECK
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.

Inspection

Drive By

  • Buyers Premium: 10% based on the high bid.
  • Closing: Sold in As-Is condition, no contingencies.
  • Deposit Amount: $20,000 due at time of auction. DEPOSIT MUST BE IN THE FORM OF A BANK CHECK
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.

Drive By

Auction Info:

  • Sold
  • Property Type
    Commercial/Land
  • Property Location
    524 Rockaway Avenue
    Brooklyn, NY 11212
  • Auction Location
    On-Site

Property Map



Auction Contact(s):

Oren Klein

  • Email Oren
  • W: (212) 375-1222 x703
    F: (212) 202-6267

Jeremy Sandel