$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 #RPLU-33423076904
Price change
$1,150,000
-11.47%
06/27/2024
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
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