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Multi Family - for Sale

248 NEW YORK AVE #8, BROOKLYN, NY 11216

Asking Price$2,100,000

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  • 8bth
  • Living 7984sqft
  • Lot size 3000sqft
  • Taxes $15,469
  • Year Built 1905
  • Days on market:

    254 day(s)
  • Original Price:

    $3,600,000
  • Price per sqft:

    $263.03
  • Property Type:

    Multi Family
  • Style:

    Other
  • Total Families:

    8
  • Borough:

    Brooklyn
  • Crossing Street:

    Sterling Pl
  • Electric Service:

    220 V
  • Construction Type:

    Brick
  • Yard:

    Back
  • Roof:

    FlatRubber
  • Foundation:

    Poured Concrete
  • Heat Delivery:

    Steam/Radiator
  • Basement Amenities:

    Full

Description

$2,100,000 • eight full bathroom(s) • living size area 7984 sqft

Just listed in the heart of crown heights! is this eight-unit, rent-stabilized building is a rare find in the highly sought-after crown heights neighborhood, making it an excellent investment opportunity for those looking for a solid cash-flowing property. the building features two apartments per floor, each with two bedrooms, high ceilings, and some updated kitchens with stainless-steel appliances and stone countertops, as well as historic charm throughout. at closing, there will be two or possibility three vacant units, offering immediate rental income potential. the first floor includes an owner's apartment with four bedrooms and a one-bedroom apartment, providing the option to live in one unit and rent out the others to cover the mortgage. the building's new boiler and expansive basement level, which can be converted into a laundry facility, recreational room, or storage space, add further value. while the flat roof will need replacement, the interior damage is minor and cosmetic. located on a tree-lined block, this property is in a prime location for commuting to local attractions such as the brooklyn children's museum, brooklyn botanic garden, and prospect park. the area also boasts countless dining and shopping options along nostrand ave, with convenient access to transportation via the b44/45 bus stops across the street and the 2/3/4 subway lines just a few blocks away. overall, this brooklyn gem presents an exciting opportunity for investors or owner-occupiers seeking a profitable and convenient investment in one of brooklyn's most sought-after neighborhoods. don't miss the chance to tour this property and see its potential for yourself!

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