New York, NY 11213

Property

Ownership: For Sale
Type: Duplex
Bedrooms: Studio
Pets: No Pets Allowed
Lot Size: 0.08 Acres

Financials

Price:$1,500,000
Annual Taxes:$5,997.40
578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Sutherland Douglas Realty Corp

Description Prime Crown Heights two family brick townhouse.

Description

Description: Prime Crown Heights two-family brick townhouse. Sold as-is with tenants in possession, but both occupants are cooperative and willing to relocate if provided with assistance. A 90-day notice to vacate has been served, making this strong value-added opportunity with flexible delivery. No interior access at present. Excellent upside for investor or end-users planning renovation or redevelopment. Highlights: 2,280 sq ft building on 3,277 sq ft lot. R6 Zoning - ideal for redevelopment or expansion Delivered occupied with relocation flexibility; vacant delivery negotiable Full basement, brick facade, gas heat Close to 3/4 trains at Utica Ave and multiple bus lines Low property taxes, stron post-renovation rental demand Financial (Estimated): Unit 1: Tenant in possession - Cooperative, Est. market rent $3,800/mo (Ground floor, 3 BR) Unit 2: Tenant in possession - Cooperative, Est. market rent $3,800/mo (Upper Level, 3 BR) Total Potential Gross Rent: $7,600/mo ($91,200)/yr) based on market rents Disclosures: Sold as-is with tenants in possession. Tenants are Cooperative and open to relocation with assistance. 90-day notice to vacate has been served. Seller makes no representations regarding interior condition. Cash Offers preferred. Proof of funds required for exterior inspection. Neighborhood: Crown Heights is one of the Brooklyn'smost sought-after investment areas, with renovated two-family sales usually starting at $950,000.

Amenities

  • Electricity Connected
  • First Floor Bedroom
  • Natural Gas Connected
  • Sewer Connected
  • Trash Collection Public
  • Water Connected

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.