1070 Park Pl Brooklyn, NY 11213
Pre-war building overlooking Brower Park with income and upside potential.
Lot size:
0.06 AcresProperty Features for 1070 Park Pl
General Information
- Property type
- Multi Family
- Standard status
- Active
- Lot size
- 0.06 Acres
Building Details
- Year built
- 1931
Source:
Elliman
Listing Agent: Isaiah Ajala
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Crown Heights Five-Family Building
Located between Brooklyn Avenue and Kingston Avenue, this pre-war 5-family building overlooks Brower Park and is opposite the Brooklyn Children's Museum. The property features five residential units, including three four-bedroom, two-bath apartments, one three-bedroom, one-bath apartment, and one one-bedroom, one-bath apartment. Several units are occupied by fee-paying tenants, while others are occupied by family members, allowing for potential vacant delivery upon closing. The basement has 8-foot ceilings and could be transformed into an additional income-generating unit or amenity space. The free-market units generate $3,900 per month, reflecting income with growth potential through upgrades. The building's pre-war character, large layouts, and proximity to Brower Park are attractive to tenants. The 3 train at Kingston Avenue provides access to Downtown Brooklyn and Manhattan, with Crown Heights' cafes, restaurants, and cultural landmarks nearby. This property is suited for investors or end-users seeking a foothold in Brooklyn’s dynamic neighborhoods and is ideal for 1031 exchange or buy-and-hold.
Location Intelligence
Current Use by Public Records
1031 exchange properties
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.942277
- Latitude
- 40.672753
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Pre-war building overlooking Brower Park with income and upside potential.
Where is this apartment building located?
The property is located at 1070 Park Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,999,999.
What are key features of this property?
This property features: - Can be delivered vacant, offering immediate flexibility.; - Prime location directly overlooking Brower Park, offering desirable views and recreational access.; - Free-market, 5-unit pre-war building with a mix of large apartments.
