Make Millions on this developer's dream.
Welcome to 142 Lenox Road, a 23 foot wide, majestic limestone, two-family home in Prospect Lefferts Gardens with substantial development rights. The property is an ideal opportunity for a condo/rental development or an end user looking for significant, long term appreciation as it's situated on an 25 x 168ft lot with development rights of up to 14,534 (about 12,000 additional sqft in air rights). Zoning analysis, and set-up sheet available upon request.
If a great income generating, two-family home is what you are after, this house has it all. The detailed facade showcases the history of this gorgeous locale with the entire house having been reconstructed in 2012. The owner's duplex is situated on the first floor and lower level, a sprawling space consisting of three bedrooms, three baths, and 2,800sqft of living space. This flexible, open floor plan is accented by a south facing, bay window and large pocket doors which lead into the master suite. The second and third bedrooms live towards the rear of the home and both are large in size with multiple exposures. On the lower level you'll find full height ceilings, a laundry room with washer/dryer, your third full bathroom and a ton of additional auxiliary space.
Make your way upstairs to the second floor where you will find a massive, floor through, and equally stunning 1500sqft rental apartment. The unit features three bedrooms and two baths with tall ceilings, skylights, a grand living room, and tons of sunlight. The unit can be delivered with tenants in place or vacant if requested. In addition, the property boasts 2,000sqft of outdoor space and in the end, you have an epic, income generating home.
142 Lenox Road is in close proximity to the B, Q, 2 and 5 trains which get you to Union Square in 30 minutes. Also a very short walk to Prospect Park and close to tons of new development and businesses in the area. Included are renderings by Co-Office architects of what a fully developed condo project could look like. Please email for a complete zoning analysis.