Description
263 McGuinness Blvd is a 1250 sqft empty lot with approved plans to build a 4 story 3,929 sqft mixed-use condo building. This vacant land has approved plans to build a 4 story condo building with two residential duplex apartments and one single story commercial unit on the first floor. The ground floor commercial space has 1240 sqft (gross amount) with over 100ft of Frontage on both heavily trafficked McGuinness Blvd and Kent Street.
The commercial condos also comes with a 20 year ICAP tax abatement. The two duplexes are 1344 sqft (gross) with attractive layouts both with 2 bedrooms and 2 bathrooms with private outdoor spaces (penthouse roof and roof above commercial space). This property is located only 2 blocks to the Greenpoint Avenue G-train subway stop as well as the highly desired Manhattan Avenue commercial district which offers every single amenity possible.
Commercial Condo at 1,240 sqft valued at $1,000/ sqft
Residential Condos at 1,344 sqft each valued at $1,200/ sqft
ESTIMATED TOTAL RESALE VALUE AFTER COMPLETION FOR ALL THREE CONDOS IS $4,465,000.
Amenities