Description

648 New York Ave is the quintessential investment property. Located in one of the most sought after neighborhoods in Brooklyn...Prospect Lefferts Gardens
This semi-detached legal three family brick property stands 21 feet wide by 52 feet deep and is more than 4,000 sq. ft! The building features three renovated floor thru apartments. The first floor unit a 2bdr/1bth apartment can easily be converted to duplex with the finished cellar.
The top two apartments are 3bdr/1bth units each with southeast facing balconies. The property also includes 2 income producing parking spaces.
Each unit is separately metered. The owner's expenses only include: taxes, insurance, PLP, and water creating an attractive 5% cap rate. The building is R6 zoned with a 2.43 FAR, allowing for an additional 1258sq ft of unused footage. (Consult with your architect) The property will be delivered vacant! Roof and mechanicals are in excellent condition.
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Building Features 3 Floors3 Units

intercom

Unit Features

balcony
Pet Policy: Pets allowed

$1,455,000 / $354 per ft²

Sold: Jul 23, 2021

-6.13% from ask / 106 Days to Sell

8 Beds / 3 Baths - / 4,108 ft²

Total Monthly expenses: $839

Maintenance: - / R.E. Taxes $839

Other Details:

Three Family

Lot Size: 21.5' x 89.5' Built: 21.0' x 52.0'

Zoning: C0

Exclusively listed with: Compass

Jeffrey St.
Arromand

jeffrey.starromand@compass.com

--

David
Fernandez

david.fernandez@compass.com

(917) 309-3398

Listing Courtesy of Compass View Listing

Unit listing history

Date Status Amount Listed by Owner Name
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