554 Vanderbilt Ave Brooklyn, NY 11238-3574
- Investment properties
- 6,306 SF
- 0.04 lot acres
Current Use by Public Records
- Investment properties
Property Details for 554 Vanderbilt Ave
- Year built
- 1930
- Lot size
- 0.04 lot acres
- Property size
- 6,306 SF
- Zone code
- R7A
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 01137-0048
- APU
- 11370048
Description
This exceptional six-story mixed-use building, located at 554 Vanderbilt Avenue in Brooklyn's vibrant Prospect Heights neighborhood (zip code 11238), presents a compelling investment opportunity. The 6,400 square foot property sits on a 1,600 square foot lot and features five units: four free-market residential units and one large commercial space currently leased to a well-established restaurant group. Each residential unit boasts private outdoor space, including terraces, balconies, and a roof deck. A legal three-story addition, completed in 2008 via an Alt-1 process, resulted in a new certificate of occupancy in December 2009, providing Good Cause Eviction exemption until December 2039. The building benefits from tax-class protection, resulting in low expenses
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
- -73.9683
- Latitude
- 40.6801
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
