148 29th Street

Sunset Park   |   3rd Avenue & 4th Avenue

Building for sale
$ 1,650,000
Ownership Multi-Family
Lot Size 25'x100'
Floors/Apts 3/3
Status Active
Real Estate Taxes [Per Annum] $ 5,496
Building Type House
Building Size 20'x35'
Year Built 1934
ASF/ASM 2,100/195
Listing ID: 42176TH

Property Description

Rarely available true 3-family in the up-and-coming neighborhood of Greenwood Heights where you can enjoy open space and tranquil living. Perfect for an end-user or investor. Currently used as an income property with 3 separate rental units, but can easily be made into an owner's duplex with an income-producing unit on the ground floor. Lot size is 25x100 and unused FAR of 2,905. All units have been recently renovated. Currently configured as a 2 bedroom/1 bath (top floor), 2 bedroom/1 bath (2nd floor) and a 1 bedroom/1 bath (ground floor). All units have access to a well-manicured backyard through a 5' private alley that runs along the side of the house. Each unit has separate mechanical and grids which can be billed directly to tenants, leaving operating costs low. Ceiling heights in each unit are over 9'. Currently only using .84 of FAR, with a Max FAR of 1.65 (if residential use) or 2 (if commercial use), so plenty of room to expand the property. Possibility to expand each unit to a 3 bed/2 bath. Total lot sq ft 2,504, Minutes away from the R at 25th or the express N, D at 36th, and Industry City, one of the largest manufacturing coworking spaces and retail spaces in Brooklyn. Close to Greenwood Park a 13,000-square-foot, indoor-outdoor beer garden with bocce courts and a seasonal menu. There are also several high-profile condo and commercial projects coming soon along 4th Avenue and 5th Avenue. This is a great investment opportunity, or perfect for someone looking for more space, this can't be missed!
Rarely available true 3-family in the up-and-coming neighborhood of Greenwood Heights where you can enjoy open space and tranquil living. Perfect for an end-user or investor. Currently used as an income property with 3 separate rental units, but can easily be made into an owner's duplex with an income-producing unit on the ground floor. Lot size is 25x100 and unused FAR of 2,905. All units have been recently renovated. Currently configured as a 2 bedroom/1 bath (top floor), 2 bedroom/1 bath (2nd floor) and a 1 bedroom/1 bath (ground floor). All units have access to a well-manicured backyard through a 5' private alley that runs along the side of the house. Each unit has separate mechanical and grids which can be billed directly to tenants, leaving operating costs low. Ceiling heights in each unit are over 9'. Currently only using .84 of FAR, with a Max FAR of 1.65 (if residential use) or 2 (if commercial use), so plenty of room to expand the property. Possibility to expand each unit to a 3 bed/2 bath. Total lot sq ft 2,504, Minutes away from the R at 25th or the express N, D at 36th, and Industry City, one of the largest manufacturing coworking spaces and retail spaces in Brooklyn. Close to Greenwood Park a 13,000-square-foot, indoor-outdoor beer garden with bocce courts and a seasonal menu. There are also several high-profile condo and commercial projects coming soon along 4th Avenue and 5th Avenue. This is a great investment opportunity, or perfect for someone looking for more space, this can't be missed!

Listing Courtesy of Compass

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Apartment Features

A/C
148 29th Street Sunset Park Brooklyn NY 11232

Building Details [148 29th Street]

Ownership Multi-Family
Service Level Voice Intercom
Access Walk-up
Block/Lot 668/26
Building Size 20'x35'
Zoning M1-2D
Building Type House
Year Built 1934
Floors/Apts 3/3
Lot Size 25'x100'

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


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