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248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
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  2. 248 New York Avenue
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
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248 New York Avenue

Crown Heights | BK
Sterling Pl & St Johns Pl

Schedule a Viewing
Sold
$ 999,000
Building For Sale
Property Type
Sold
Status
8
Bathrooms
7,984/742
ASF/ASM
$ 15,469
Real Estate Taxes [Per Annum]
  • 248 New York Avenue
  • $ 999,000
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216

Building Details

248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
Multi-Family
Ownership
1248/76
Block/Lot
30'x80'
Building Size
30'x100'
Lot Size
R6
Zoning
1905
Year Built
4
Floors

Photos

248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216

Description

Just listed in the heart of CROWN HEIGHTS! Is this eight-unit, rent-stabilized building is a rare find in the highly sought-after Crown Heights neighborhood, making it an excellent investment opportunity for those looking for a solid cash-flowing property. The building features two apartments per floor, each with two bedrooms, high ceilings, and some updated kitchens with stainless-steel appliances and stone countertops, as well as historic charm throughout. At closing, there will be two or possibility three vacant units, offering immediate rental income potential. The first floor includes an owner's apartment with four bedrooms and a one-bedroom apartment, providing the option to live in one unit and rent out the others to cover the mortgage. The building's new boiler and expansive basement level, which can be converted into a laundry facility, recreational room, or storage space, add further value. While the flat roof will need replacement, the interior damage is minor and cosmetic. Located on a tree-lined block, this property is in a prime location for commuting to local attractions such as the Brooklyn Children's Museum, Brooklyn Botanic Garden, and Prospect Park. The area also boasts countless dining and shopping options along Nostrand Ave, with convenient access to transportation via the B44/45 bus stops across the street and the 2/3/4 subway lines just a few blocks away. Overall, this Brooklyn gem presents an exciting opportunity for investors or owner-occupiers seeking a profitable and convenient investment in one of Brooklyn's most sought-after neighborhoods. The seller is not able to provide the most updated DHCR paper work.
Just listed in the heart of CROWN HEIGHTS! Is this eight-unit, rent-stabilized building is a rare find in the highly sought-after Crown Heights neighborhood, making it an excellent investment opportunity for those looking for a solid cash-flowing property. The building features two apartments per floor, each with two bedrooms, high ceilings, and some updated kitchens with stainless-steel appliances and stone countertops, as well as historic charm throughout. At closing, there will be two or possibility three vacant units, offering immediate rental income potential. The first floor includes an owner's apartment with four bedrooms and a one-bedroom apartment, providing the option to live in one unit and rent out the others to cover the mortgage. The building's new boiler and expansive basement level, which can be converted into a laundry facility, recreational room, or storage space, add further value. While the flat roof will need replacement, the interior damage is minor and cosmetic. Located on a tree-lined block, this property is in a prime location for commuting to local attractions such as the Brooklyn Children's Museum, Brooklyn Botanic Garden, and Prospect Park. The area also boasts countless dining and shopping options along Nostrand Ave, with convenient access to transportation via the B44/45 bus stops across the street and the 2/3/4 subway lines just a few blocks away. Overall, this Brooklyn gem presents an exciting opportunity for investors or owner-occupiers seeking a profitable and convenient investment in one of Brooklyn's most sought-after neighborhoods. The seller is not able to provide the most updated DHCR paper work.

Listing Courtesy of RE/MAX Real Estate Professiona

Features

Exposed Bricks
Hardwood Floors
248 New York Avenue 8 Crown Heights Brooklyn, NY 11216

Contact

License Licensed As: Not Applicable
Coldwell Banker Reliable Real Estate

Coldwell Banker Reliable Real Estate

License Licensed As: Not Applicable
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BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 473490