Eastern Pkwy Brooklyn, NY 11216
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 0 Eastern Pkwy
- Year built
- 1910
- Property type
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9541
- Latitude
- 40.6703
