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$999,000
Est. payment /mo
4 Baths
4,744 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,744 sqft
Price per Sqft $210
MLS Listing ID 500737
Full Baths 4
Year Built 1910
Annual Tax Amount $13,186
Property Sub-Type Multi-Family
Property Description
Prime Development Opportunity in Gated Seagate.
Build a Luxury 3-Family with Exceptional Income Potential.
Welcome to 3832 Laurel Ave, a rare and powerful opportunity to create a brand-new luxury multi-family residence in the exclusive, private gated community of Seagate. This property is delivered with approved plans and blueprints, the images generated are the potential layouts and construction ideas for this property aligned to the property's spacious potential and in accordance to lot size. This allows the next owner to begin construction immediately, eliminating delays in creating a high-value asset.
This 60x100 lot is perfectly positioned for a stunning 3-family development with a private-entry basement, offering the flexibility to design modern, high-end residences with premium finishes, split-system units, and curated amenities. With projected rental income exceeding $14,000+ per month, this is an ideal opportunity for investors seeking strong cash flow or end-users looking to live while generating income.
The property is clean and ready to go: no liens, no violations, everything has been taken care of; allowing for a seamless transition into development. Based on recent comparable sales within Seagate and similar multi-family builds, the completed property has an estimated resale value between $1.5M – $2.1M, depending on the quality and level of finishes.
Located within Seagate's private gated enclave, residents enjoy access to a unique coastal lifestyle, including a private beach, community bathhouse, exclusive clubs, parks, and a level of privacy rarely found in Brooklyn. This is a community that blends tranquility, prestige, and long-term value.
Whether you are a developer, investor, or visionary buyer, this is more than a property, it is a foundation for a high-performing, luxury asset in one of Brooklyn's most coveted waterfront communities.
Showings by appointment only. Proof of funds required with all offers.
Build a Luxury 3-Family with Exceptional Income Potential.
Welcome to 3832 Laurel Ave, a rare and powerful opportunity to create a brand-new luxury multi-family residence in the exclusive, private gated community of Seagate. This property is delivered with approved plans and blueprints, the images generated are the potential layouts and construction ideas for this property aligned to the property's spacious potential and in accordance to lot size. This allows the next owner to begin construction immediately, eliminating delays in creating a high-value asset.
This 60x100 lot is perfectly positioned for a stunning 3-family development with a private-entry basement, offering the flexibility to design modern, high-end residences with premium finishes, split-system units, and curated amenities. With projected rental income exceeding $14,000+ per month, this is an ideal opportunity for investors seeking strong cash flow or end-users looking to live while generating income.
The property is clean and ready to go: no liens, no violations, everything has been taken care of; allowing for a seamless transition into development. Based on recent comparable sales within Seagate and similar multi-family builds, the completed property has an estimated resale value between $1.5M – $2.1M, depending on the quality and level of finishes.
Located within Seagate's private gated enclave, residents enjoy access to a unique coastal lifestyle, including a private beach, community bathhouse, exclusive clubs, parks, and a level of privacy rarely found in Brooklyn. This is a community that blends tranquility, prestige, and long-term value.
Whether you are a developer, investor, or visionary buyer, this is more than a property, it is a foundation for a high-performing, luxury asset in one of Brooklyn's most coveted waterfront communities.
Showings by appointment only. Proof of funds required with all offers.
Location
State NY
County Kings (brooklyn)
Area Seagate
Zoning R3-1
Rooms
Basement Full
Interior
Hot Water Gas
Heating Electric
Flooring Hardwood
Heat Source Electric
Exterior
Exterior Feature Brick Face
Amenities Available NONE
Roof Type Asphalt/Tar,Shingle
Handicap Access Yes
Building
Story 3
Foundation Poured Concrete, Slab Concrete
Others
Energy Description Electric
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by eXp Realty BKNY
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716