tomo logo

$1,150,000

Beds
11
Baths
7.0
sq ft
4,725

739 Pennsylvania Ave, Brooklyn, NY 11207

739 Pennsylvania Ave

New York City, NY 11207

  • 131 days on market
    • Price drop $149,000↓
For sale for the first time in 41 years, seize this rare investment opportunity to invest in East New York, Brooklyn with the purchase of739 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.739 Pennsylvania Avenue features a diverse mix of rent-stabilized units:- (1) Studio Apt Occupied- (4) Two-Bedroom Apts (3) Vacant- (1) Three-Bedroom Apt Vacant<br><br>A finished basement adds valuable space, while the shared driveway and outdoor space enhance convenience and livability for tenants.<br><br>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>739 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>Contact us today to schedule a viewing and explore the possibilities this property holds for your investment portfolio.

Details

Property type

Townhouse

Lot size

Unknown

Price per sq ft

$244

Year built

1930

Annual property taxes

$15,156

Price History

10/04/2024
REBNY

REBNY #RPLU-33423076904

Price change
$1,150,000
-11.47%
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: 11/05/2024 at 5:30 AM

Listing updated: 10/31/2024 at 3:47 PM

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

MLS: REBNY #RPLU-33423076904

REBNY logo

Recently listed in New York City