166 12Th St Brooklyn, NY 11215

Property Details for 166 12Th St

Property size

1,800 SF

Property type

Apartment buildings

Description

This exceptional two-unit apartment building, located at 166 12th Street in Brooklyn, NY 11215, presents a compelling investment opportunity. The property boasts 1,800 square feet on a 1,833 square foot lot, situated in the desirable Park Slope/Gowanus neighborhood. Currently configured as a two-bedroom rental unit on the third floor and a two-to-three bedroom owner's duplex spanning the first and second floors, plus a full basement. The building is a charming, solid brick structure with two stories, and is currently vacant. The asking price is $1,595,000, representing $797,500 per unit and $886.11 per square foot. The property is zoned R6B, offering potential for various uses. The building's location provides convenient access to a wealth of amenities and is surrounded by the vibrant energy of one of Brooklyn's most sought-after neighborhoods. This property is ideally suited for end-users, investors, or developers seeking a prime piece of Brooklyn real estate. The property is priced competitively for the current market and presents a strong potential for return on investment. This is a 1031 exchange eligible property. Don't miss this chance to acquire a prized asset in a highly desirable location.