UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,120 sqft
Price per Sqft $575
Subdivision Prospect Lefferts Gardens
MLS Listing ID RLS20058935
Bedrooms 8
Full Baths 7
HOA Y/N Yes
Year Built 2007
Annual Tax Amount $12,000
Property Sub-Type Multi Family
Property Description
Modern three-family townhouse offering strong in-place income with significant upside. The property consists of two 3-bedroom, 2-bath apartments and one 2-bedroom, 2-bath apartment, plus private parking via a rare curb cut.
Projected annual income: $156,000
Current annual income: $90,000
Low operating expenses, separate meters, and immediate cash flow make this an ideal long-term hold or 1031 exchange opportunity. Additional FAR provides potential for future expansion, and finishing the basement could further enhance returns.
Units #2 and #3 have been upgraded with new kitchens and bathrooms. The basement includes individual storage rooms, washer/dryer, common bike storage, and direct access to the garden.
Located just east of Nostrand Avenue, directly adjacent to the Prospect-Lefferts Gardens Historic District—an area experiencing continued demand, rising rents, and strong appreciation. Excellent subway and bus access along Nostrand Avenue, with proximity to Prospect Park, Brooklyn Botanic Garden, and Brooklyn Museum.
Full building video and lease details available upon request.
Location
State NY
County Kings
Rooms
Basement Full
Interior
Heating Natural Gas
Flooring Hardwood
Furnishings Unfurnished
Fireplace No
Laundry Common On Floor, See Remarks
Exterior
Exterior Feature Balcony, Private Outdoor Space Over 60 Sqft, Private Yard
Parking Features Attached
View Y/N No
Porch Balcony
Private Pool No
Building
Dwelling Type Townhouse
Story 3
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Tax ID 04801-0175
Ownership None
Monthly Total Fees $1, 000
Pets Allowed Building No, No
Virtual Tour https://youtu.be/5qbaVSMPqg8
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716