266 SARATOGA AVE

INVESTMENT HIGHLIGHTS

• Value-Add: Property in need of full gut renovation.
• Fully Free Market: The property is fully free market, allowing future ownership to capitalizeon neighborhood improvement.
• Owner-User Potential: Retail unit will be delivered vacant, presenting an attractive owneruseropportunity.
• 117 Feet of Wraparound Frontage: Corner retail exposure on Atlantic Avenue, with over 29,000 vehicles per day.
• Protected Tax Class: Tax Class 1 limits tax increase to no more than 6% per year or 20% over 5 years.
• Public Transportation: Close proximity to Ralph Ave C Train, and within a few blocks of the L, A, C, J & Z train lines at Broadway Junction, with direct access to Bushwick, Downtown Brooklyn, the Rockaways, and Jamaica, Queens.
• Basis: At the asking price of $1,250,000, the price per square foot equates to $279, well below average for free market product.
• Fully Built out Retail: Extension has 750 square feet of vacant storage that can be utilized or repurposed for additional cashflow.