HUGE over 4,000 sqft 3 family off Franklin Ave, 10,480 buildable sqft
A Value-Add property:
Great location, great in size, great in building potential.
Located on Bergen St between Franklin & Classon in Crown Heights, a nice block close to subway and Prospect Heights. It is walking distance to numerous trendy restaurants & bars, the Brooklyn Museum and the central library, and of course, Prospect Park. This HUGE 3 story 20/68 legal 3 family building was extended and updated about a decade ago. It has over 4,000 square feet not includes the basement. The building sits on an extra long lot of 20/131, with R7A zoning which allows to build over 10,000 sqft in total. The layout includes a 4 bedroom/2 bathroom apartment on the 3rd floor, a 4 bedroom/2 bathroom apartment on the 2rd floor, and a 3 bedroom/2 bathroom apartment on the 1st floor. The full-size basement has a separate entrance and an exit door to the backyard. Each apartment its own separate heat, ac, hot water, and gas & electric meters. 2 of the apartments just got vacant, and after a little update, the owner's intention is to rent each for about $4,500. The top floor unit has a lease until January, but maybe can be delivered vacant too.
Lot size: 20/131, zoning R7A
Building size: 20/68
Legal 3 family building
Asking: $2,849,000
