New Listing - 01/20/2025
950 Bergen Street, New York, (Brooklyn), NY, 11216
1931
“The Crown” – A Premier Investment Opportunity in Crown Heights Nestled in the vibrant heart of Crown Heights, “The Crown” is an extraordinary pre-war, 20-unit building that seamlessly blends classic charm with modern updates. Situated on a 52x100 lot with a total interior square footage of 14,457 sq. ft., the property offers ample space and functionality, making it a rare gem in the neighborhood. Zoned R7A with a C2-4 commercial overlay, it presents significant potential for future development or mixed-use possibilities. This building features a mix of 6 free-market units and rent-stabilized apartments, with each unit offering breathtaking rooftop skyline views of the city. Designed with accessibility and convenience in mind, it boasts handicap accessibility, exceptional cleanliness, and a prime location near public transportation, diverse dining options, and health-focused supermarkets. Located just 20 minutes from Manhattan, “The Crown” is ideally positioned to attract both residents and investors. The property currently generates a 6% rent cap, providing a stable and attractive rental income stream. Whether you’re seeking an income-producing asset or exploring the potential for further development, “The Crown” is a rare and unparalleled investment opportunity in one of Brooklyn’s most dynamic neighborhoods.
Status:
Active
Town:
New York
Type:
Commercial
Units:
20
Heating:
Other
Cooling:
None
Basement:
See Remarks
Levels:
5
Parking:
On Street
Est. Taxes:
$34,882
Construction
Other
Utilities
None
Lot Description:
See Remarks
View Description:
City, Skyline
Days on Market:
2
Appliances:
Convection Oven, Dishwasher, Dryer, ENERGY STAR Qualified Appliances, Freezer, Gas Cooktop, Gas Oven, Microwave, Stainless Steel Appliance(s), Washer
MLS #:
815381
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of EXIT REALTY FIRST CHOICE 718-380-2500