• 12-Unit Mixed-Use Building in Prospect Lefferts Gardens, Brooklyn,
NY
• Comprised of (1) Commercial Space and (11) Residential Units
• The Units are a Mix of (5) Studio Apartments, (6) 1-Bed, 1-Bath Apartments, & (1) Commercial Space
• All Residential Units are Free Market
• Potential for Strong Rental Growth
• Building was Entirely Rebuilt in 2008
• Utilities are Separately Metered - Landlord Only Pays Common Area
Electric
• On-Site Laundry Facility
• Prime Location Within Prospect Lefferts Gardens
• Walking Distance to Prospect Park, the 2 & 5 Subway Stations, and
the B49 Bus Line Stops Directly in Front of the Property
• Close to Major Hospitals and Medical Centers
• C of O states 10 Residential Units and 2 Retail Stores
• Favorable Seller-Financing Available
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.