Overview

The 4 story building contains 3 apartments and an attached garage with on-street parking. The building is 3,600 SF and the garage has a total buildable square footage of 4,000. Both the building and the garage are zoned R6B. The full property lot is 40 ft x 100 ft.

The property is ideal for both investor to build an additional multi-family building or an owner/user to use the garage for parking (or office space). The property has been maintained (gas boiler and new rubberized roof). The building is currently collecting approx. $65,580/year in gross income (and the garage is currently owner occupied). There is significant upside potential in the rents and at lease one of the units can be delivered vacant.

Stuyvesant Heights contains some of the most beautiful brownstones and tree lined streets in all of New York. Macon Street, in particular, is one of Bedford-Stuyvesant’s most sought after streets. Additionally, the building sits right by the corner of Lewis Avenue, which in recent years has developed as a vibrant retail corridor with many new restaurants such as Saraghina and Peaches making it an ideal area for renters and buyers. This property is also conveniently located a few blocks from the Utica Avenue A/C subway station making it an easy commute to Manhattan and other areas in Brooklyn.