Welcome to 565 Eastern Parkway – A Remarkable Opportunity for Homeowners and Investors Alike!
This vacant 2-family townhouse offers exceptional potential for both personal use and income generation. Located on the iconic Eastern Parkway, this is a rare opportunity to create your dream home or maximize its investment potential in one of Brooklyn's most sought-after neighborhoods.
Boasting an impressive footprint, this is a great-sized townhouse with tremendous upside. The property requires a full renovation, making it the perfect opportunity to bring your contractor and vision to create a truly spectacular home tailored to your needs.
Key Features:
3-Story Townhouse: Three spacious living floors plus a full cellar, offering endless possibilities for redesign and customization.
Separate entrance for garden level apartment
Generous Dimensions: The building measures 20' × 50' on all four levels and sits on an expansive 20' × 100' lot.
Flexible Owner's Layout: An ideal opportunity to create a spacious owner's duplex on the upper floors while renting out the garden apartment for additional income to help offset your mortgage.
Excellent Investment Potential: A rare value-add opportunity in a prime Brooklyn location.
Additional Highlights:
Large front yard overlooking the picturesque Eastern Parkway
30-foot backyard
Just moments from the Nostrand Ave, Kingston Ave, and Franklin Ave subway stations
Surrounded by an abundance of restaurants, cafés, bars, and just minutes from Prospect Park
Offered at $1.95M, this is an exceptional opportunity to restore and customize a classic Brooklyn townhouse exactly to your taste. Whether you're an end user looking to create your forever home or an investor seeking a value-add project, 565 Eastern Parkway offers tremendous upside.
Don't miss this rare opportunity to bring your contractor and transform this property into something truly extraordinary
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.
See how much you could borrow to make a competitive offer.