The Neighborhood Housing Services of New York City (NHS) StoreWorks Program is selling a renovated three story building – 2 two bedroom apartments and 1 storefront – located at 195 Patchen Avenue (between Halsey and Hancock Streets). The asking price is $749K. The storefront is primed and sheetrocked with two apartments above. The StoreWorks program requires that buyers live in or operate a business in the building. The buyer is eligible for up to $200,000 of NSP Downpayment Assistance with income and occupancy restrictions that may apply.
The following information has been pulled from the NHS website:
Neighborhood Housing Services of New York City (NHS) serves the metropolitan area of New York, New York. Through financial empowerment and affordable lending, NHS enables individuals and families to invest in, preserve and improve their Neighborhoods, their Homes and their Future. In addition to providing services throughout New York City, NHS is a community-based organization with targeted impact in the following Neighborhoods: Bedford-Stuyvesant, East Flatbush, North Bronx, Northern Queens, South Bronx and Staten Island.
This building is located on a quiet tree lined street only two blocks from Saratoga Park. Broadway and the J Subway are a short walk and the A/C Subways are 9 blocks away. Price is negotiable, serious offers only please.
The building was renovated from top to bottom under New York City HPD’s StoreWorks program and features all new roof, kitchens, bathrooms, windows, plumbing, heating, electrical, energy star appliances, and hardwood flooring.
For more information or to download an application, click here.
This place is around the corner from me and it has been vacant forever. It would be great to have a new business in that space.
It is so overpriced, this is why it has been vacant for so long. Also, not a good block for a profitable business not enough foot traffic