243 Troy Ave Brooklyn, NY 11213

Property Details for 243 Troy Ave

Year built

1907

Lot size

0.06 lot acres

Property size

10,108 SF

Zone code

R6

Property type

Retail residential properties

APN

01377-0001

APU

13770001

Description

This exceptional mixed-use property, located at 243 Troy Ave in the vibrant Crown Heights section of Brooklyn, presents a compelling investment opportunity. The four-story walk-up building, constructed in 1907 and extensively renovated in 2019, boasts a total of 12 residential apartments and 5 commercial spaces. The building's strategic location offers easy access to a wealth of amenities, including shopping, dining, and entertainment venues. A significant advantage is its proximity to the Utica Avenue Station, providing convenient access to the 2, 3, and 4 subway lines. The apartment mix includes a balance of free-market and rent-stabilized units, with 75% of the residential units having undergone a complete gut renovation. This ensures a strong current income stream and potential for future appreciation. The building's solid construction and recent upgrades, combined with its desirable location and diverse income streams, make this a truly remarkable investment opportunity in a thriving Brooklyn neighborhood. The asking price for this 12-unit apartment building is $3,750,000. This property offers a blend of residential and commercial space, providing a diversified income stream and significant potential for long-term growth. The Kings County location provides access to a robust and growing market.

Location Insight

City

Brooklyn

County

Kings

State

New York

Longitude

-73.9362

Latitude

40.671

CBSA code

35620

CBSA name

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

Property Tax & Assessments