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House Crown Heights (United States)by annonceur international

HouseCrown Heights (United States)
Price :
$3,999,999
bedrooms20 bathrooms5

Prime Crown Heights Free-Market 5-Family Overlooking Brower Park andndash; Excellent Investment! Welcome to 1070 Park Place, a rare pre-war 5-family property ideally positioned between Brooklyn Avenue and Kingston Avenue, directly overlooking the serene Brower Park and opposite the Brooklyn Children's Museum. This well-maintained brick building offers a unique blend of immediate income potential and long-term upside, perfectly suited for investors or end-users seeking a foothold in one of Brooklyn's most dynamic and appreciating neighborhoods. The combination of location and building layout presents tremendous upside potential. The basement, featuring 8-foot ceilings, can easily be transformed into an additional income-generating unit or amenity space, further enhancing overall returns. The property consists of five spacious residential units: andbull; (3) Four-Bedroom, Two-Bath Apartments andbull; (1) Three-Bedroom, One-Bath Apartment andbull; (1) One-Bedroom, One-Bath Apartment Several units are currently occupied by fee-paying tenants, while others are occupied by family members, allowing the building to be delivered vacant upon closingandmdash;a rare and valuable feature for investors looking to reposition or convert. Each free-market unit not occupied by family currently generates $3,900/month, reflecting strong in-place income with substantial growth potential through light cosmetic upgrades or full-scale modernization. The building's pre-war character, large layouts, and proximity to Brower Park make it highly desirable to tenants. With the 3 train at Kingston Avenue just minutes away, residents enjoy convenient access to Downtown Brooklyn and Manhattan, while surrounded by the energy of Crown Heights' vibrant cafandeacute;s, restaurants, and cultural landmarks. Highlights: andbull; Free-market, 5-unit pre-war building andbull; Mix of large 4BR, 3BR, and 1BR units andbull; Can be delivered vacant andbull; Strong rent roll with upside potential andbull; Overlooking Brower Park andbull; Short distance from the 3 train at Kingston Ave andbull; Ideal for 1031 exchange or buy-and-hold. Don't miss this exceptional opportunity to acquire a high-potential Crown Heights asset with flexibility, location, and scale.
Advertiser reference : 114971764Le Figaro Properties reference : 100178507

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House Crown Heights (United States)

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