Listing Courtesy of: Edith Yang - Compass Re Ny, Llc
$1,650,000 Down payment assistance icon Calculate Payment

148 29th St Unit Building Brooklyn, NY 11232

Multi-Family Residence
5 Beds
3 Baths
Sq. Ft.

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Rarely available true 3-family in the up-and-coming neighborhood of Greenwood Heights where you can enjoy open space and tranquil living. Perfect for an end-user or investor. Currently used as an income property with 3 separate rental units, but can easily be made into an owner's duplex with an inco...me-producing unit on the ground floor. Lot size is 25x100 and unused FAR of 2,905. All units have been recently renovated. Currently configured as a 2 bedroom/1 bath (top floor), 2 bedroom/1 bath (2nd floor) and a 1 bedroom/1 bath (ground floor). All units have access to a well-manicured backyard through a 5' private alley that runs along the side of the house. Each unit has separate mechanical and grids which can be billed directly to tenants, leaving operating costs low. Ceiling heights in each unit are over 9'. Currently only using .84 of FAR, with a Max FAR of 1.65 (if residential use) or 2 (if commercial use), so plenty of room to expand the property. Possibility to expand each unit to a 3 bed/2 bath. Total lot sq ft 2,504, Minutes away from the R at 25th or the express N, D at 36th, and Industry City, one of the largest manufacturing coworking spaces and retail spaces in Brooklyn. Close to Greenwood Park a 13,000-square-foot, indoor-outdoor beer garden with bocce courts and a seasonal menu. There are also several high-profile condo and commercial projects coming soon along 4th Avenue and 5th Avenue. This is a great investment opportunity, or perfect for someone looking for more space, this can't be missed! Continue reading
MLS#
OLRS-0042176
Property Type
Multi-Family
Bedrooms
5
Bathrooms
Year Built
1934

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Example seller's savings based on a total commission of 3.99% vs. a traditional 6%. It is subject to change based on agreement between seller and agent. More
Listing Courtesy of: Edith Yang - Compass Re Ny, Llc
Thomas O'Leary, License 10311207479, Xome Inc., License 10991227159, ThomasH.Oleary@xome.com, 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067

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This content last refreshed on 6/17/2021 08:19:00. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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