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Listed by Gavriel Ilyabayev • Douglas Elliman Real Estate
$ 1,200,000
Est. payment /mo
Contingent
521 VAN SICLEN AVE Brooklyn, NY 11207
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-family
Listing Status Contingent
Purchase Type For Sale
Subdivision East New York
MLS Listing ID RPLU-5122337884
Annual Tax Amount $671
Property Sub-Type Multi-family
Property Description
Exceptional solid brick semi-attached legal 4 family home just hitting the market on Van Siclen Avenue! One block from the Van Siclen 2,3 and 4 trains, this extraordinary multi-family investment property in move-in ready condition will be delivered vacant to the new owner! This huge legal 4-family is 25 by 78 square feet on a long 25 by 100 square foot lot with R6 zoning, FAR 2.43 and an allowable useable floor area of 6,073 square feet allowing for an unused FAR of 2.17 giving any new owner the ability to build another entire floor up on top! With over 3,700 square feet of living space on the top 2 floors and another 1,850 square feet in the impressive basement, complete with heat and high 7-foot ceilings, this is an opportunity not to be missed. The basement has both a front entrance leading into a spacious apartment as well as a side entrance leading into another entirely separate space making the hidden value in this gem well worth mentioning. The first and second floors have 2 separate matching apartments on each floor, all with 9-foot ceilings; the front units have a 3-bedroom, 1 bathroom unit and each of the back ones have a 2-bedroom 1-bathroom unit for a total of 10 bedrooms, that's not including the flexible and considerable extra basement space! Each and every unit on the top two floors have loads of windows due to the accompanying courtyard along the side of the property, perfect for all residents to relax in a private outdoor space. The building itself has a new boiler and is very clean and well-kept. Short walk to the Brooklyn Public Library and the Martin Luther King Playground just a couple of blocks away. 4-family homes delivered vacant in this area are very rare, and this one is ready to start generating a lucrative rental income from day one! This great property won't last, call today!
Location
State NY
County Brooklyn
Community East New York
Rooms
Other Rooms LegalRoomsTotal: 15.00
Exterior
Garage No
Building
Story 2
Structure Type Walk-up
Others
Pets Allowed Pets allowed
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