1563 Eastern Pkwy Brooklyn, NY 11233

This exceptional three-story multifamily building at 1563 Eastern Parkway in Brooklyn's Crown Heights neighborhood presents a compelling investment opportunity. The property boasts 2,802 square feet and comprises four residential units, each valued at $325,000. Currently, there is one vacant unit, offering immediate potential for increased rental income in a highly sought-after rental market. The building is well-maintained, with the current owner residing on-site. This adds significant value, as the property benefits from attentive on-site management. The asking price is $1,300,000, projecting a pro-forma cap rate of 5.00% and a pro-forma NOI of $64,060. The property is zoned R6/C2-3, providing flexibility for future development or renovations. Its prime location offers easy access to numerous schools, parks, public transportation, and various retail services, all within a short distance. This value-add opportunity is ideal for investors seeking strong returns in a thriving Brooklyn neighborhood. The building's solid foundation and current occupancy levels make it an attractive investment with significant upside potential. Don't miss this chance to acquire a well-positioned multifamily property in a rapidly appreciating market.