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Property profile & analytics
OFF-MARKET
Apartment buildings

0 Eastern Pkwy Brooklyn, NY 11216

Built 1910
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Apartment buildings
Year built 1910
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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