591 East 3rd Street

Kensington   |   Cortelyou Road & Ditmas Avenue

Building for sale
$ 1,649,000
Ownership Rental Property
Floors/Apts 2/5
Status Active
Real Estate Taxes [Per Annum] $ 9,399
Building Type Townhouse
Year Built 1930
ASF/ASM 1,870/174
Listing ID: 78382TH

Property Description

Nest Seekers International; The Global Real Estate Powerhouse, has been retained to facilitate the sale of 591 East 3rd Street Brooklyn, NY 11218 which is a Legal-5 Unit two-story walk-up residential building. Located in one of Brooklyn's fastest growing neighborhoods, Kensington, this property offers an investor or savvy home buyer a great opportunity. Area offers easy transportation, great schools, and shopping and dining at your fingertips.The lot is situated in the beautiful tree-lined neighborhoods of Kensington. This neighborhood has seen a significant spike in new construction and a complete makeover of the Residential Landscape over the past five years. This is an amazing development opportunity (possibility of a single residential home as well). The building will be marketed as a Re-Development or a Gut Renovation opportunity. Currently the Lot Area is 2000 sqft., Lot Dimensions 20’ x 100'. Building dimensions currently 17’ x 55’ with a lucrative rental opportunity. This Redevelopment opportunity has huge potential with R6-A zoning 10,000' sqft. buildable. This is an incredible opportunity to establish an Immediate foothold in the neighborhoods of Kensington, Cortelyou Road has seen a influx of new development and investment opportunity. Investors can see a projected cap rate of 5.5%. This up-and-coming neighborhood offers trendy bars and night life, as well as family friendly parks and attractions. Steps away from beautiful sunny tree-lined Ocean Parkway. A bike ride away from both Brooklyn Botanical Gardens and Prospect Park. Less than a 2 minute walk to the F train and the BM1 and the BM2 buses. Be in Midtown Manhattan in 30 minutes!
Nest Seekers International; The Global Real Estate Powerhouse, has been retained to facilitate the sale of 591 East 3rd Street Brooklyn, NY 11218 which is a Legal-5 Unit two-story walk-up residential building. Located in one of Brooklyn's fastest growing neighborhoods, Kensington, this property offers an investor or savvy home buyer a great opportunity. Area offers easy transportation, great schools, and shopping and dining at your fingertips.The lot is situated in the beautiful tree-lined neighborhoods of Kensington. This neighborhood has seen a significant spike in new construction and a complete makeover of the Residential Landscape over the past five years. This is an amazing development opportunity (possibility of a single residential home as well). The building will be marketed as a Re-Development or a Gut Renovation opportunity. Currently the Lot Area is 2000 sqft., Lot Dimensions 20’ x 100'. Building dimensions currently 17’ x 55’ with a lucrative rental opportunity. This Redevelopment opportunity has huge potential with R6-A zoning 10,000' sqft. buildable. This is an incredible opportunity to establish an Immediate foothold in the neighborhoods of Kensington, Cortelyou Road has seen a influx of new development and investment opportunity. Investors can see a projected cap rate of 5.5%. This up-and-coming neighborhood offers trendy bars and night life, as well as family friendly parks and attractions. Steps away from beautiful sunny tree-lined Ocean Parkway. A bike ride away from both Brooklyn Botanical Gardens and Prospect Park. Less than a 2 minute walk to the F train and the BM1 and the BM2 buses. Be in Midtown Manhattan in 30 minutes!

Listing Courtesy of Nest Seekers International

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Apartment Features

A/C
591 East 3rd Street Kensington Brooklyn NY 11218

Building Details [591 East 3rd Street]

Ownership Rental Property
Service Level Voice Intercom
Access Walk-up
Block/Lot 5387/88
Building Type Townhouse
Year Built 1930
Floors/Apts 2/5

Mortgage Calculator in [US Dollars]

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.