Price Reduced 11.47%
Listing courtesy of Corcoran Group
Price History
$1,299,000
6/28/2024
$1,150,000
10/4/2024
739 Pennsylvania Avenue, Brooklyn, (New Lots), NY, 11207
19 rooms
2 beds
1 Full baths
1930
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.
Status:
Active
Town:
Brooklyn
Type:
Commercial
Laundry Remarks:
None
Zoning:
R6
Building Type:
House
Cooling:
Unknown Type
Levels:
3
Amenities:
Driveway;
Building Access:
Walk-up
Service Level:
None
Built Size:
22'x70'
OLR #:
RPLU33423076904
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