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.