$785,000
$859,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
3 Baths
1,536 SqFt
SOLD DATE : 10/09/2024
Key Details
Sold Price $785,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,536 sqft
Price per Sqft $511
MLS Listing ID 481415
Sold Date 10/09/24
Bedrooms 4
Full Baths 2
Year Built 1920
Annual Tax Amount $6,138
Property Sub-Type Multi-Family
Property Description
We are pleased to exclusively represent the sale of this extraordinary property in Canarsie Brooklyn. This site is home to a detached 2-family frame house with a detached 2 car garage. Even more attractive is the lot size of 5680 sq/f, a rare find in Brooklyn with yard space of more than 3600 sq/f, providing ample space for outdoor activities and relaxation. It's not often access to such a property in NYC that is perfectly priced taking into consideration the:
-End-user: the buyer who can live, grow and have a rental unit to offset the mortgage. The garage and yard size are just icing on the cake.
-Investor: the buyer who can rent both units, garage space, yard space and hold onto this property while this rapidly growing community increases in value to later take advantage of the zoning which is currently R4-1.
-Developers: The buyer who looks at the future and best use for a 42×120 lot that is priced taking into consideration land value and cost of demo. Zoned as an R4-1 this site enjoys the option of a zero-lot line building. The FAR is .75 for residential and increase to an FAR of 2 with an added community facility in the plans for a total build-out of 4200 sq/f, almost 3 times the building on the site. Do the math, what can you see there, a 4 family, boutique condo or a SFR classified as a Large Suburban Residence.
-In any of the above scenarios the buyer with foresight will understand and translate the current and future value of this property in its as is condition. That as is condition is detached 2-family frame house containing 2 bedrooms and one bath on both floors along with a finished basement with one bathroom, 2 car garage with a huge yard. The property is mortgageable and ready for its next chapter. We welcome all to this exciting opportunity.
Location
State NY
County Kings (brooklyn)
Area Canarsie
Zoning R4-1
Rooms
Basement Finished, Full
Interior
Hot Water Hot Water Coil in Boiler
Heating Gas
Flooring Hardwood
Heat Source Gas
Exterior
Exterior Feature Siding
Amenities Available NONE
Roof Type Shingle
Handicap Access No
Building
Story 2
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
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Bought with Brooklyn New York MLS
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