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Flatbush
1051 New York Ave, Brooklyn, NY 11203
This impressive building is situated in the vibrant Flatbush neighborhood of Brooklyn, offering an excellent investment opportunity with approved plans for an eight-family residence. Currently configured as a three-family home, it encompasses 3,000 square feet and boasts a generous 6,000 square feet of buildable space, making it ideal for expansion. The property is delivered vacant, allowing for immediate development and customization. Located just minutes away from the lush landscapes of Prospect Park, residents will enjoy easy access to outdoor recreational activities. Furthermore, the proximity to the 2 and 5 subway lines ensures convenient transportation options for those commuting to various parts of the city. With projected construction costs estimated at $1 million, this building presents a promising cap rate for savvy investors. The Flatbush area is known for its diverse community and vibrant local culture, enhancing the overall appeal of this property.
Total Units: 1
For Sale: 0
For Rent: 0
Building type: Semi-Detached
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  • NONE
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All listings are subject to errors, omissions, price change, withdrawal and sale without notice.
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