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$3,950,000
Est. payment /mo
UPDATED:
01/23/2025 05:18 PM
Key Details
Property Type Mixed Use, Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY810918
Originating Board onekey2
Rental Info No
Year Built 1930
Annual Tax Amount $22,417
Property Description
Prime Mixed-Use Investment Opportunity in Ditmas Park! 1022 Cortelyou Road, is a meticulously renovated mixed-use building, offering a rare combination of income-producing commercial and residential spaces. This 3,600 square foot property includes additional buildable FAR of 4,214 square feet, making it a perfect opportunity for investors, developers, or end-users seeking flexibility and growth potential.
Property Highlights:
Ground floor: Home to Lea's, a beloved local restaurant.
Basement: Rented by a bakery.
Shed: Additional storage.
2nd floor: A spacious 2-bedroom apartment with a private terrace.
3rd floor: A large, sun-filled 3-bedroom unit.
Recent Renovations: Both residential units and the commercial restaurant space have been recently updated, ensuring modern finishes and functionality throughout.
Development Potential: The property's additional FAR provides incredible value for those looking to expand or enhance the existing structure. Development plans are available for review, offering inspiration and insight into the property's future possibilities.
Cortelyou Road is a lively corridor known for its local charm and convenience, surrounded by popular restaurants, cafes, and shops, including Lea's, Mimi's Hummus, Madeline's, Sycamore Bar & Flower Shop, George's Diner, and the Flatbush Food Co-op. Kings Theater and Newkirk Avenue are also nearby. Commuting is easy with the Q train at Cortelyou Road offering a 35-minute ride to Union Square, and the B/Q trains at Newkirk Plaza providing access to downtown Manhattan in about 40 minutes.
Whether you're an investor seeking steady income, a developer with an eye for potential, or an end-user looking to establish your business in a thriving area, this property delivers unparalleled opportunity.
Contact us today for the building setup or to schedule a private viewing and explore the possibilities of this exceptional property.
Property Highlights:
Ground floor: Home to Lea's, a beloved local restaurant.
Basement: Rented by a bakery.
Shed: Additional storage.
2nd floor: A spacious 2-bedroom apartment with a private terrace.
3rd floor: A large, sun-filled 3-bedroom unit.
Recent Renovations: Both residential units and the commercial restaurant space have been recently updated, ensuring modern finishes and functionality throughout.
Development Potential: The property's additional FAR provides incredible value for those looking to expand or enhance the existing structure. Development plans are available for review, offering inspiration and insight into the property's future possibilities.
Cortelyou Road is a lively corridor known for its local charm and convenience, surrounded by popular restaurants, cafes, and shops, including Lea's, Mimi's Hummus, Madeline's, Sycamore Bar & Flower Shop, George's Diner, and the Flatbush Food Co-op. Kings Theater and Newkirk Avenue are also nearby. Commuting is easy with the Q train at Cortelyou Road offering a 35-minute ride to Union Square, and the B/Q trains at Newkirk Plaza providing access to downtown Manhattan in about 40 minutes.
Whether you're an investor seeking steady income, a developer with an eye for potential, or an end-user looking to establish your business in a thriving area, this property delivers unparalleled opportunity.
Contact us today for the building setup or to schedule a private viewing and explore the possibilities of this exceptional property.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Finished
Interior
Heating See Remarks
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Water Available, Water Connected
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
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Listed by Poljan Properties Inc.
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716