Description:
Prime Crown Heights two-family brick townhouse.
Sold as-is with tenants in possession, but both occupants are cooperative and willing to relocate if provided with assistance.
A 90-day notice to vacate has been served, making this strong value-added opportunity with flexible delivery.
No interior access at present.
Excellent upside for investor or end-users planning renovation or redevelopment.
Highlights:
2,280 sq ft building on 3,277 sq ft lot.
R6 Zoning - ideal for redevelopment or expansion
Delivered occupied with relocation flexibility; vacant delivery negotiable
Full basement, brick facade, gas heat
Close to 3/4 trains at Utica Ave and multiple bus lines
Low property taxes, stron post-renovation rental demand
Financial (Estimated):
Unit 1: Tenant in possession - Cooperative, Est. market rent $3,800/mo (Ground floor, 3 BR)
Unit 2: Tenant in possession - Cooperative, Est. market rent $3,800/mo (Upper Level, 3 BR)
Total Potential Gross Rent: $7,600/mo ($91,200)/yr) based on market rents
Disclosures:
Sold as-is with tenants in possession.
Tenants are Cooperative and open to relocation with assistance.
90-day notice to vacate has been served.
Seller makes no representations regarding interior condition.
Cash Offers preferred. Proof of funds required for exterior inspection.
Neighborhood:
Crown Heights is one of the Brooklyn'smost sought-after investment areas, with renovated two-family sales usually starting at $950,000.