It’s hard for us to say whether this mixed use building is particularly cheap or not since we don’t have a good grip on what kind of rent this ground-floor retail space could generate. But we’ve got a good gut feeling about this one. Granted views of the expressway and a lack of outdoor space aren’t exactly big selling points, but the 1,440-square-foot, two-story building oozes old-world charm from the outside and there’s another 400 square feet of unused FAR that could possibly be turned into a half-floor addition on the rear of the roof. From our back-of-the-envelope analysis, there’s probably not a lot of short-term juice in this as an investment property but it could make be an interesting owner-occupied play. The property will be delivered vacant.
Mixed Use Property Available [Brownstone Real Estate] GMAP P*Shark