This four family property presents a unique opportunity for investors and end users looking to add value.


Property

Website: https://www.nestseekers.com/5449888
Address:
New York, NY 11207
Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$1,159,000
Annual Taxes:$10,756.64

Description

This four-family property presents a unique opportunity for investors and end-users looking to add value. The home includes a fully finished basement, offering additional usable space, as well as a private driveway for added convenience. While the property has solid bones and a functional layout, it does require updates and improvements, making it ideal for buyers seeking a renovation project or value-add investment. Each unit is currently maintained, but there is significant potential to modernize and increase rental income. With its generous configuration, there is also the possibility to convert the property into an eight-family dwelling (subject to proper approvals), further enhancing its income-producing potential. This is a must-see opportunity for those looking to customize, expand, and unlock long-term value.

Amenities

  • Eat-in Kitchen
  • Electricity Connected
  • Formal Dining
  • Natural Gas Connected
  • Water Connected

Contact

578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Winzone Realty Inc