Remarks

“The Crown” – A Premier Investment Opportunity in Crown Heights

Nestled in the vibrant heart of Crown Heights, “The Crown” is an extraordinary pre-war, 20-unit building that seamlessly blends classic charm with modern updates. Situated on a 52x100 lot with a total interior square footage of 14,457 sq. ft., the property offers ample space and functionality, making it a rare gem in the neighborhood. Zoned R7A with a C2-4 commercial overlay, it presents significant potential for future development or mixed-use possibilities.

This building features a mix of 6 free-market units and rent-stabilized apartments, with each unit offering breathtaking rooftop skyline views of the city. Designed with accessibility and convenience in mind, it boasts handicap accessibility, exceptional cleanliness, and a prime location near public transportation, diverse dining options, and health-focused supermarkets.

Located just 20 minutes from Manhattan, “The Crown” is ideally positioned to attract both residents and investors. The property currently generates a 6% rent cap, providing a stable and attractive rental income stream.

Whether you’re seeking an income-producing asset or exploring the potential for further development, “The Crown” is a rare and unparalleled investment opportunity in one of Brooklyn’s most dynamic neighborhoods.

Details

MLS#: 815381
Price: $6,899,999

Style: Multi Family
Sq Ft: 14457
Year Built: 1931

County: Kings (Brooklyn)
Tax Fee: 34882