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439-441 11th Street is a 14, 538 square foot mixed-use building in an unbeatable Park Slope location between Sixth and Seventh Avenues. Currently 439 contains two identically sized residential units, each a 2 bedroom floor-thru. 441 is strictly a warehouse; however, the ground floor has a carve-out for an office, which is how the previous tenant, an elevator company, used the space.
This property is situated in an R6B zoning area--albeit a portion of it is grandfathered in for commercial usage as of right. . Best of all, there are no Landmark restrictions; there's already a curb cut and the building can be delivered vacant.
A recent zoning report prepared by The Turett Collaborative, a prominent New York City Architectural Firm, is available upon request.
In fact, there's NOTHING on the market like this unique property, which, in turn, offers a myriad of possibilities. Anything can work here from a small housing development or non-profit headquarters to a daycare center, a recording/artist's studio, health worker housing or an amazing single family mansion with a garage--to name a few concepts.
Clearly the sky's the limit, so you can let your imagination soar. Be sure to DREAM BIG!
Here are the most important facts:
SITE CONTEXT:
BOROUGH: Brooklyn
COMMUNITY BOARD: 03 (Brooklyn)
BLOCK: 1018
LOT: 71
ZONING MAP: 16D
ZONING DISTRICT: R6B
SPECIAL ZONING DISTRICT: No
ENVIRONMENTAL: No
FLOOD ZONE: No
LANDMARK DISTRICT: No
INDIVIDUAL LANDMARK: No
TYPE OF LOT: Interior
TYPE OF STREET: Narrow
CROSS STREETS: Sixth and Seventh Avenue
WIDTH OF STREET: 60
SITE DETAILS:
ADDRESS: 439-441 11th Street; Brooklyn, NY 11215
LOT FRONTAGE: 32' 5 1/2"(32'46")
LOT DEPTH: 100'-0" (100. 0')
LOT AREA: 6, 615SF
TOTAL SQUARE FOOTAGE (Fully Built): 14, 538
LANDMARK DISTRICT/BUILDING:
This property is NOT an individually listed landmark property under NYC regulations.
NYC ENERGY CONSERVATION CODE EXEMPTION:
The existing building is exempt from the 2020 NYCECC as per Section 101 Historic Buildings.
SPECIAL FLOOD HAZARD AREA:
This property is NOT located in a special flood hazard area (Zone AE)
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $9,520,000 | $9,520,000 | $9,520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.611% | 6.484% | 6.052% |
Monthly Tax Payment | $4,775 | $4,775 | $4,775 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $54,054 | $59,392 | $79,694 |
Total Monthly Payment | $58,954 | $64,292 | $84,594 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.