Your property is located in the up zoned 4th avenue corridor between Flatbush ave and 21st street.
With that in mind, your property has significant air rights for developers interested in the location, along
with the vacancies your properties possess.
Here is the bad news: Your building's true value is dependent on the registered rent roll with NYS Department of Housing and Community Reinvestment, or affectionately known as DHCR.
Your ultimate buyer's valuation and offer of your property will depend on its use value.
I've marketed small multi unit properties in Gowanus and Bedford Stuyvesant to developers who have filed and initiated condo developments.
I'd be happy to discuss the location potential and its ultimate value to several end users.
You can contact me at (888) 360-5757 ext. 85 or email me at email@example.com.
V.P., Sales and Marketing
Corley Realty Group inc.