10,500 Sq Ft Commercial Bldg
Immediate Sale Directed
Auction
June 23, 2015 at 11:00 am
Property Location
2588 - 2590 Atlantic Avenue
Brooklyn, NY 11207
Photo Gallery
Details
Immediate Sale Directed via Public Auction
10,500 Sq Ft Office Building/Event Venue – Highly Visible Corner Location
In Heart of Proposed Redevelopment District – Ideal Bank, Class A Office or Other Prestigious Use
Details:
- 2588-2590 Atlantic Avenue (a/k/a 62-72 Georgia Ave), East New York, Brooklyn NY 11207
- Ideally Located in Heart of the Proposed Redevelopment District
- Numerous Potential Uses from Bank or Professional Office to Multi-Tenant or Event/Nightclub Venue
- 10,500 Sq Ft (Appx) on 4 Floors
- Recently Renovated and in Pristine Condition
- Elevator Service to all 4 Floors
- Rooftop Area
- 3,955 Sq Ft Lot
- 1,000 Sq Ft Parking Lot (Appx)
- Dramatic 2-Story Lobby
- Handicapped Accessible
- First Floor:
- 2-Story Lobby
- 3 Half Baths
- 131 Max Persons Permitted on TCO
- Second Floor:
- 3 Half Baths
- 80 Max Persons Permitted on TCO
- Third Floor:
- 2 Half Baths
- Loft
- Outdoor Patio Access to Rooftop Deck – 27 Max Persons Permitted Outside on TCO)
- 22 Max Persons Permitted on TCO
- Basement:
- 1 Half Bath
- Kitchen
- Additional Information:
- Borough: Brooklyn Block: 3684 Lot: 25
- 3 Electric Meters: 1st, 2nd & 3rd Floors Individually Metered
- 1 Gas Meter
- 3 Rooftop Trane HVAC Units
- Fire Alarm System
- Transportation: A Few Blocks from LIRR & A, C, J, L & Z Trains
- Zoning: M3-2
- Building Class: O9 – Office Buildings
- Annual Real Estate Taxes: $27,789
- Previously Listed at $2,700,000
- $1,150,000 Opening Bid
Inspections/Viewings: Mondays, June 15th & 22nd from 10:00 am – 12:00 noon.
Auction Date & Time: Tuesday, June 23rd at 11:00 am. Registration begins at 10:00 am.
Auction Location: NY LaGuardia Airport Marriott Hotel, 102-05 Ditmars Boulevard, East Elmhurst, NY 11369. Online & absentee bidding available with registration at least 48 business hours prior to auction, please call for details.
Terms & Conditions of Sale: Property will be sold free and clear of all liens, claims & encumbrances. In order to register to bid, all prospective bidders must present a cashier’s check in an amount of $115,000 made payable to “Maltz Auctions, Inc.”. Closing must occur within 45 days after the auction. Successful Bidder shall be granted a 30-day extension to close if he/she posts an additional non-refundable 10% deposit. Subject to sale prior to auction as pre-auction offers will be considered. Please download the complete Terms and Conditions of Sale.
Buyer’s Premium: A seven percent (7%) Buyer’s Premium will be added to the Successful Bidder’s high bid to determine the contract price to be paid by the Successful Bidder.
Buyer Broker Participation: A two percent (2%) commission will be paid to any properly licensed Buyer Broker who registers a successful buyer in accordance with the Buyer Broker guidelines. Please download the Broker Participation form for details.
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