Description

This four family, brick townhouse is perfect for an end user or investor. All units are currently occupied with a rent roll of $64,800/year, which is under market.  Potential to get 5% Cap Rate with renovations. This property will  be delivered vacant. There have been upgrades to two of the four units and all mechanicals are in working condition.  Huge basement and small backyard, plus 1,581SF of unused FAR!  Contact architect and/or engineer for more information on use and opportunities to build.    Building dimensions 20.5ft x 84ft, Lot 20.5ft x100ft.  Built in 1930, this home has R6 zoning. Located in culturally rich and community strong Borough Park, residents enjoy the peace and quiet of the neighborhood while being just steps from bustling 13th Ave.   Shopping, schools, houses of worship, and Prospect Park are nearby.    Close to transportation (Ditmas Ave F and Ft. Hamilton Parkway D subway lines) and B11 and B16 buses.  Don’t miss this solid investment in an area that is experiencing exciting, new development.