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Listing Courtesy of Corcoran Group
$1,150,000
Est. payment /mo
11 Beds
7 Baths
4,725 SqFt
UPDATED:
11/08/2024 08:19 PM
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 4,725 sqft
Price per Sqft $243
Subdivision East New York
MLS Listing ID RPLU-33423076904
Bedrooms 11
HOA Y/N No
Year Built 1930
Annual Tax Amount $15,156
Property Description
For sale for the first time in 41 years, seize this rare investment opportunity to invest in East New York, Brooklyn with the purchase of739 Pennsylvania Avenue, a (6) six-unit, rent-stabilized building. This impressive brick property spans 22.5' x 70' on a generous 30' x 95' lot and provides immediate substantial returns and upside potential. For both seasoned investors and those looking to enter the real estate market, this is a standout addition to any real estate portfolio with maximum benefits from the area's ongoing development and revitalization projects.739 Pennsylvania Avenue features a diverse mix of rent-stabilized units:- (1) Studio Apt Occupied- (4) Two-Bedroom Apts (3) Vacant- (1) Three-Bedroom Apt Vacant
A finished basement adds valuable space, while the shared driveway and outdoor space enhance convenience and livability for tenants.
Neighborhood amenities include Linden Park and Playground, perfect for outdoor activities and relaxation. Nearby essentials include a laundromat, Self Storage facilities, Mobil and BP gas stations, and popular spots like Dunkin' and Bravo Supermarkets. The area also offers a range of beauty and grooming services, as well as automotive care. Excellent connectivity with the 3 Train at Pennsylvania Avenue Station and the B20 Bus, ensuring smooth commutes and accessibility.
739 Pennsylvania Avenue is a remarkable opportunity for investors looking to capitalize on a high-demand area with a blend of occupied and vacant units, ensuring both immediate revenue and growth potential in a strategic location. Don't miss out on owning this versatile and promising property!
Contact us today to schedule a viewing and explore the possibilities this property holds for your investment portfolio.
A finished basement adds valuable space, while the shared driveway and outdoor space enhance convenience and livability for tenants.
Neighborhood amenities include Linden Park and Playground, perfect for outdoor activities and relaxation. Nearby essentials include a laundromat, Self Storage facilities, Mobil and BP gas stations, and popular spots like Dunkin' and Bravo Supermarkets. The area also offers a range of beauty and grooming services, as well as automotive care. Excellent connectivity with the 3 Train at Pennsylvania Avenue Station and the B20 Bus, ensuring smooth commutes and accessibility.
739 Pennsylvania Avenue is a remarkable opportunity for investors looking to capitalize on a high-demand area with a blend of occupied and vacant units, ensuring both immediate revenue and growth potential in a strategic location. Don't miss out on owning this versatile and promising property!
Contact us today to schedule a viewing and explore the possibilities this property holds for your investment portfolio.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Fireplace No
Laundry Building Other
Exterior
View Y/N No
View Other
Porch None
Private Pool No
Building
Dwelling Type Townhouse
Story 3
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $1, 263
Special Listing Condition Standard
Pets Allowed Building Yes, No
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RLS Data display by eXp Realty
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716