Vacant Six-Family Value-Add Opportunity
Rare opportunity to acquire a fully vacant six-family building in the East Flatbush/Crown Heights border. The approximately 5,700 SF, three-story property sits on a 30' x 100' lot with a full basement featuring approximately 8-foot ceilings.
The current owner has already completed one of the most difficult aspects of repositioning a multifamily asset. All apartments have been delivered vacant through executed surrender agreements, allowing the next owner to immediately begin renovations without tenant relocation concerns. The building has been fully gutted and is being offered with architectural renovation plans and permit filings, providing a strong starting point for the next phase of redevelopment.
Ideal for investors seeking a blank canvas to renovate and reposition a classic Brooklyn multifamily property. Seller will clear existing liens and violations prior to closing.
Property Highlights:
-Six-family building
-Approximately 5,700 SF
-22' x 84' building on a 30' x 100' lot
-Full basement with approximately 8' ceilings
-R6 zoning
-Fully vacant
-Interior fully gutted
-Architectural plans and permit filings available
-Seller to clear liens and violations prior to closing
-Walkthrough videos available upon request
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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