121 Park Ave Brooklyn, NY 11205

Property Details for 121 Park Ave

Year built

1920

Lot size

0.04 lot acres

Property size

2,676 SF

Zone code

R6

Property type

Retail residential properties

APN

02029-0053

APU

20290053

Description

This exceptional mixed-use property at 121 Park Avenue in Brooklyn, NY, presents a compelling investment opportunity. The 2,676 square foot building, constructed in 1920, is currently 100% occupied by Park Avenue Funeral Home and features a unique blend of commercial and residential space. The ground floor comprises a front office, a chapel with attractive carpeting and 12-foot ceilings, and storage space. The lower level includes a lounge area, two half-bathrooms, and access to a backyard. Upstairs, a one-bedroom apartment boasts hardwood floors, a skylight in the kitchen, and abundant natural light. The apartment features a front bedroom, a dining room, a living room, a full kitchen, and a bathroom. The building's 19-foot wide frontage and R6 zoning offer significant redevelopment potential. With 1,885 square feet of available air rights, an investor could add two additional floors, transforming the property into a four-family mixed-use building. The current tenant, Park Avenue Funeral Home, occupies the commercial space, providing a stable income stream. The lot size is 1,805 square feet. This well-maintained property, with its exposed brick interior and attractive brick façade, is situated in Kings County, New York, 11205. The asking price is $3,200,000, translating to $1,195.81 per square foot. This presents a rare chance to acquire a valuable asset in a desirable Brooklyn location.

Location Insight

City

Brooklyn

County

Kings

State

New York

Longitude

-73.9749

Latitude

40.6965

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments