About this property

Supreme opportunity for investors/developers in the heart of crown heights. This property maintains a Sullivan-Esqarchitecturalstyle proudly protected by landmark conservancy. Each unit current boasts lofty ceilings with unique pre-war characteristics and ample space. Currently structured as very large apartments with large kitchens, dining, and living rooms, with incredible original details. You will not find a more classic Brooklyn neighborhood than Crown Heights. The epitome of Brooklyn, It's a prime location, close proximity to subways, shops, restaurants, museums, and Brooklyn's botanical garden. 243 New york ave is an expansive 8-unit multi-dwelling building estimated at approximately 11,292 square feet with building dimensions of 40x80 ft. It will be delivered with 5 vacancies, zoned at r6-c1 rent-stabilized units. This is a prime opportunity to expandupon the building with additional units, or better yet conversion to condos. Condos are selling in the area like hotcakes approaching $1400 per square foot. Currently, 8 units with so much opportunity to add more value by diving into more units, and a great potential to add duplexes on the first floor as the building has a massive basement. ****Please note not all apartments were measured for floor plans, The 3rd and 4th floors cover the same floor area but may have some small differences.

Listing courtesy of Steven Halpern

Stories

Residential Units

Square Ft.

11,292