742 New Jersey Ave Brooklyn, NY 11207

Property Details for 742 New Jersey Ave

Lot size

0.04 lot acres

Property type

Commercial real estate

Description

This exceptional mixed-use property, located at 742 New Jersey Avenue in Brooklyn, New York, presents a compelling investment opportunity. Offered at $435,000, this 0.04-acre lot features a two-family brick building. The property is being sold "as is," indicating a need for renovation and presenting a chance for significant value appreciation through improvements. The building's square footage is currently unlisted, requiring a potential buyer to conduct their own assessment. The property's address is 742 New Jersey Avenue, situated in Brooklyn, New York, zip code 11207. Its precise geographic coordinates are latitude 40.6610252 and longitude -73.8916998. Given its location in Brooklyn and the "as is" condition, this property is ideal for investors seeking a hands-on project with potential for substantial returns. The existing structure provides a solid foundation for a renovation project, allowing for customization to meet various needs, whether residential or commercial. The 0.04-acre lot size offers potential for expansion or outdoor improvements. Serious inquiries are encouraged to conduct their own due diligence and assess the property's full potential. This is a unique chance to acquire a mixed-use property in a desirable Brooklyn location at an attractive price point. The property's current condition necessitates a comprehensive assessment to determine the scope of necessary renovations and the resulting potential value increase.