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Eastern Pkwy Brooklyn, NY 11216

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3-Unit Limestone, Redevelopment Potential

Description

Added:
Dec 11, 2024
Days on Market:
393
This exceptional investment opportunity presents a fully leased, recently renovated three-unit apartment building in Brooklyn's desirable Crown Heights neighborhood, situated on Eastern Parkway, zip code 11216. The property, built in 1910, is a three-story limestone building encompassing 2,640 square feet on a single lot. Currently configured as three residential units, it offers immediate rental income. Significant upside potential exists through the available 7,920 square feet of air rights, permitting an additional 4,500 square feet of buildable space. This presents a prime redevelopment opportunity for expansion. The property is zoned R6A, offering flexibility for future development plans. Each unit boasts modern amenities and high-quality finishes, ensuring strong tenant occupancy and rental rates. This property is ideal for investors seeking both immediate returns and long-term growth potential in a vibrant Brooklyn location. The property is currently off-market.

Property Features for 0 Eastern Pkwy

General Information

Property type
Multifamily properties

Building Details

Year Built
1910
Buildings
1
Stories
3
Units
3

HighLights

  • Fully leased, recently renovated 3‑unit multifamily building in Brooklyn, NY.
  • 7,920 sq ft of available air rights, offering potential for 4,500 sq ft of additional buildable space.
  • Situated on a 2,640 sq ft lot, zoned R6A.
  • Three‑story, 1910‑built building with strong potential for redevelopment.
  • Located on Eastern Parkway in Crown Heights, Brooklyn, NY (11216).
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Brooklyn
County
Kings
State
New York
Longitude
-73.95407129476
Latitude
40.670266282005

FAQs

What type of property is this?
Multifamily property - 3-Unit Limestone, Redevelopment Potential
Where is this multifamily property located?
The property is located at Eastern Pkwy Brooklyn, NY.
What are key features of this property?
This property features: Fully leased, recently renovated 3-unit multifamily building in Brooklyn, NY.; 7,920 sq ft of available air rights, offering potential for 4,500 sq ft of additional buildable space.; Situated on a 2,640 sq ft lot, zoned R6A.
More about this property
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