Remarks

This spacious mixed-use building located in the heart of North Crown Heights, Brooklyn. Built in 1931, the structure stands four stories tall, with three floors of residential apartments above a commercial space. The term "oversized" is fitting; the lot measures 3,045 sq ft (21.75’ by 140’), while the building itself spans 6,699 sq ft. Additionally, the R7 zoning allows for another 2,436 sq ft to be developed on the lot.
The residential section of the building is rent-stabilized, but the value of a mixed-use property is often determined by the quality of its commercial space, and impressive retail area. The commercial space measures 21 feet in width and 117 feet in depth. Remarkably, despite its expansive size, the first floor has no interior supporting walls, and all partitions are movable. This creates a 2,457 sq ft open floor plan, a rare and highly attractive feature for any business.
The rear of the building includes a one-story extension, and there is still a sizable outdoor lot area measuring 23’x21’. While many retail markets have struggled due to the rise of online shopping, there are two types of businesses that can’t be replaced by the internet: restaurants and hair salons. You can’t dine at home, and you can’t cut hair over a computer.
The commercial space has been home to a hair salon for 29 years. Its vast size, lack of supporting columns, and single-story extension make it an ideal candidate for conversion into a restaurant or bar.

Details

MLS#: 489563
Price: $1,500,000

Style: Mixed Use
Sq Ft: 6688
Year Built: 1931

County: Kings (Brooklyn)
Tax Fee: 25331.00