Attention Savvy Investors and Developers !


Property

Website:https://www.nestseekers.com/5641163
Address:
942 72nd Street
Brooklyn, NY 11228
Cross street:Fort Hamilton Parkway
Type:House
Era:Post-war
Floors:2
Ownership: Multi-Family
Bedrooms: Studio
Bathrooms: 4

Financials

Price:$2,888,000
Real estate tax:$7,200

Description

Attention Savvy Investors and Developers!
This is a rare opportunity to acquire a legal three-family home on a spacious 8,000 sq ft lot zoned R4-1, complete with a private driveway and tremendous upside potential.
The existing building features three well-laid-out apartments:

First Floor Duplex (with semi-finished basement): 4 bedrooms, living room, dining room, eat-in kitchen, 2 bathrooms, front yard, and rear porch — approximately 1,700 sq ft.
Second Floor: 1-bedroom apartment with kitchen, dining room, bathroom, and a charming screened-in balcony — approximately 900 sq ft.
Top Floor: Cozy 1-bedroom apartment with living room and dining room — approximately 800 sq ft.

The property includes one heating system (gas boiler and hot water heater) serving the entire building. The private driveway comfortably fits 6 vehicles, plus there’s a detached double-car garage.
For developers, approved conceptual designs are available to build three new two-family homes, each with a detached garage — offering a maximum total buildable area of approximately 7,965 sq ft under current zoning.
This is a massive opportunity for any builder or investment team looking to capitalize on strong rental demand or redevelopment potential in a prime location.
Don’t miss out! Inquire today through the listing broker to view the proposed plans and schedule a private showing. Add this high-potential gem to your portfolio today!

Amenities

Driveway; Garage;
  • Balcony
  • Patio
  • Garage
  • Walk-up

Contact

578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Keller Williams Realty Empire