Meridian Capital Group
Meridian Investment Sales

1130-1136 President Street

1130-1136 President Street

Located Between Rogers Avenue and Nostrand Avenue
Crown Heights

The building also falls in the tax class 2b, limiting annual tax increases of 30% over a five-year period, or 8% annually

Asking Pricing $4,000,000
Type Mixed-Use
Neighborhood Crown Heights
Lot Size 2,779 SF
Zoning Code R6
Stories 3
Units 6 Residential Units and 4 Commercial Units

Investment Highlights:

Meridian Investment Sales is pleased to present the Exclusive Offering for 1130-1136 President Street, a corner, mixed-use building with a total of 6 apartments and 4 stores in prime Crown Heights, just one block from the 2 and 5 trains at the President Street subway station.

1130-1136 President Street contains 6 free-market apartments and 4 commercial spaces. There are 2 two-bedroom apartments with an average rent of $2,500. The remaining 4 are three-bedroom apartments with an average rent of $2,850. There are four stores with lease expirations ranging from 2022 to 2025. This is a prime opportunity for an investor to buy a cash-flowing building in one of the most up-and-coming neighborhoods in all of New York City.