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243 New York Ave., Brooklyn, NY 11216

$4,500,000
Active Listing
Listing Details:
$4,500,000 Price
Single-Family Townhouse Property Type
Crown Heights Neighborhood
20 Beds
12 Baths
11,292 Approx. Sq. Ft.
$1,256 RET
Key Features:
Prewar
Allows Pets
Description:

Supreme opportunity for investors/developers in the heart of crown heights.

This property maintains a Sullivan-Esqarchitecturalstyle proudly protected by landmark conservancy. Each unit current boasts lofty ceilings with unique pre-war characteristics and ample space. Currently structured as very large apartments with large kitchens, dining, and living rooms, with incredible original details. You will not find a more classic Brooklyn neighborhood than Crown Heights. The epitome of Brooklyn, It's a prime location, close proximity to subways, shops, restaurants, museums, and Brooklyn's botanical garden.

243 New york ave is an expansive 8-unit multi-dwelling building estimated at approximately 11,292 square feet with building dimensions of 40x80 ft. It will be delivered with 5 vacancies, zoned at r6-c1 rent-stabilized units. This is a prime opportunity to expandupon the building with additional units, or better yet conversion to condos. Condos are selling in the area like hotcakes approaching $1400 per square foot. Currently, 8 units with so much opportunity to add more value by diving into more units, and a great potential to add duplexes on the first floor as the building has a massive basement.

****Please note not all apartments were measured for floor plans, The 3rd and 4th floors cover the same floor area but may have some small differences.

Listing courtesy of Compass

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