This 11,150 SF space is Located in Brooklyn, New York City. 5 minutes away from one of the most popular areas in New York, Williamsburg Bridge area and 10 minutes’ drive to Manhattan. Broadway runs through the whole of Brooklyn. Transportation is very convenient. Nearby residents are the Jews, white and black. Home price in this area keeps going up, and there is still a huge appreciation potential. Currently, the property is a one-story building of shops (already emptied). This property will be developed into a mix of commercial and residential property. A 10 story building will be built behind the shops. 1st floor to 3rd floor for commercial and community use; 4th floor to 10th floor has a total of 30 residential condo units; the building provides Spa, gym, children's playroom, dining hall, business center, office, sundeck and rooftop recreation area.
|Expected Annual Return||9%|
|Min. Invest Amount||$10,000.00|
|Risk Level Estimate||A+|
|Project Status||architectural plan processing|
|Capital Source||Developer own equity,Construction Loan|
|Guarantee||Developer Personal Guarantee|