Total Est. Monthly Carrying Cost:
$12,713 ($4.43/ft2)
Note: the above is based on a down payment of 20% ($440,000),
which is the minimum amount permitted by the building.
Description
Situated within the prestigious Crown Heights North II historic district and positioned on the west side of the block, 272 New York Avenue presents a legal four-family townhouse.
Constructed in 1910, this building encompasses six rooms across each of its four levels, complemented by a full-length cellar. Every apartment, offering three bedrooms, seamlessly blends traditional charm with contemporary aesthetics. Renovations in two apartments feature restored pocket doors, elegant crown moldings, original wood flooring, granite countertops, and contemporary stainless steel appliances, including dishwashers, ensuring a blend of spacious, well-lit interiors and substantial storage solutions.
The estate boasts a full cellar and a private backyard, enhancing its charm.
The ground-level unit, with walk-out access, is ideal for professional use.
Its R6 zoning and an unused Floor Area Ratio (FAR) of 1880, which allows for potential expansion, increase its investment appeal, marking it as a promising venture in a sought-after area of Brooklyn. NOW ENTIRELY VACANT!!!
Strategically located near essential transportation hubs, the property is only 0.2 miles from Nostrand Avenue station (serving the 3 and 4 lines) and 0.24 miles from President Street station (serving the 2 and 5 lines), with several key bus routes like BM2, B46, B43, B44, B44-SBS, and B45 in close proximity.
In the vicinity of Brower Park, Prospect Park, Brooklyn Botanical Garden, Grand Army Plaza, and The Children’s Museum, the area is rich in both recreational and educational opportunities, reflecting Brooklyn’s cultural and historical heritage.
The neighborhood is vibrant with a wide selection of shops, cafes, restaurants, and services.
This multi family dwelling represents a unique chance to own a part of Brooklyn’s storied past, combined with excellent connectivity, positioning it as an outstanding, income-generating asset in a culturally vibrant part of the city.
All content above are visible to screen reader users, so you may ignore the show more button below.