Gut-Ready Triplex in R5
For Sale
$1,699,000
8772 20th Ave, Brooklyn, NY 11214
Triplex investment opportunity for contractors, currently vacant and requiring full restoration under R5 zoning.
Property SizeContact for details
Days on Market50
Property Features for 8772 20th Ave
General Information
Standard status
Active
Property subtype
Multi Family
Zoning
R 5
Additional Details
Multifamily Units
3
Building Details
Year Built
1910
Tenancy
Multi
Listing Agency:
Weichert Realtors The Franzese
(718) 232-1004
Listed By:
Vincent Blandino · License #BLANT5781
(718) 232-1004
Source:
Elliman
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 3 at 10:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Weichert Realtors The Franzese
Investment Insights
Based on property information with market context.
This for-sale triplex is being marketed as a full gut rehab, needing work from top to bottom. The property is currently vacant, and the listing notes that contractors are welcome. It is positioned for an owner or developer ready to manage a renovation from the ground up.
The property is located in an R5 zone. The listing also specifies that it is an all-cash deal with no mortgage contingencies, and that MLS approval is required. The remarks indicate no financial information has been provided due to the vacancy.
For buyers seeking a residential income property that can be fully reworked to their specifications, this triplex offers a contractor-forward path. Because the home is vacant and described as requiring a comprehensive TLC scope, prospective purchasers should plan for renovation costs and timeline management as part of their review.
The property is located in an R5 zone. The listing also specifies that it is an all-cash deal with no mortgage contingencies, and that MLS approval is required. The remarks indicate no financial information has been provided due to the vacancy.
For buyers seeking a residential income property that can be fully reworked to their specifications, this triplex offers a contractor-forward path. Because the home is vacant and described as requiring a comprehensive TLC scope, prospective purchasers should plan for renovation costs and timeline management as part of their review.
Key Highlights
- 1910‑built 3‑family home (triplex) in need of a full gut restoration
- Vacant property sold as an all‑cash deal with no mortgage contingencies
- R‑5 zoning (contractors welcome)
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,286
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex investment opportunity for contractors, currently vacant and requiring full restoration under R5 zoning.
Where is this triplex located?
The property is located at 8772 20th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: 1910‑built 3‑family home (triplex) in need of a full gut restoration; Vacant property sold as an all‑cash deal with no mortgage contingencies; R‑5 zoning (contractors welcome)
