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$1,299,000

Beds
11
Baths
7.0
sq ft
4,725

739 Pennsylvania Ave, Brooklyn, NY 11207

739 Pennsylvania Ave

New York City, NY 11207

  • 5 days on market
<div><span style"">For sale for the first time in 41 years, seize this rare investment opportunity to invest in East New York, Brooklyn with the purchase of</span><span style"">739</span><span style""> Pennsylvania Avenue, a (6) six-unit, rent-stabilized building. This impressive brick property spans 22.5' x 70' on a generous 30' x 95' lot and provides immediate substantial returns and upside potential. For both seasoned investors and those looking to enter the real estate market, this is a standout addition to any real estate portfolio with maximum benefits from the area's ongoing development and revitalization projects.</span></div><div> </div><div> </div><div><span>739</span> Pennsylvania Avenue features a diverse mix of rent-stabilized units:</div><div>- (1) Studio Apt Occupied</div><div>- (4) Two-Bedroom Apts (3) Vacant</div><div>- (1) Three-Bedroom Apt Vacant<br><br></div><div> </div><div>A finished basement adds valuable space, while the shared driveway and outdoor space enhance convenience and livability for tenants.<br><br></div><div> </div><div>Neighborhood amenities include Linden Park and Playground, perfect for outdoor activities and relaxation. Nearby essentials include a laundromat, Self Storage facilities, Mobil and BP gas stations, and popular spots like Dunkin' and Bravo Supermarkets. The area also offers a range of beauty and grooming services, as well as automotive care. Excellent connectivity with the 3 Train at Pennsylvania Avenue Station and the B20 Bus, ensuring smooth commutes and accessibility.<br><br></div><div> </div><div><span>739</span> Pennsylvania Avenue is a remarkable opportunity for investors looking to capitalize on a high-demand area with a blend of occupied and vacant units, ensuring both immediate revenue and growth potential in a strategic location. Don't miss out on owning this versatile and promising property!<br><br></div><div> </div><div>Contact us today to schedule a viewing and explore the possibilities this property holds for your investment portfolio.</div>

Details

Property type

Townhouse

Lot size

Unknown

Price per sq ft

$275

Year built

1930

Annual property taxes

$15,156

Price History

06/27/2024
REBNY

REBNY #RPLU-33423076904

Listed
$1,299,000

Schools & Community

Neighborhood: 

East New York

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 07/02/2024 at 12:30 PM

Listing updated: 06/28/2024 at 6:23 PM

Listed by: Lisa James, Corcoran Group Phone #: (212) 355-3550

MLS: REBNY #RPLU-33423076904

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