3 Family Brownstone
Brooklyn, NY 11216
Asking Price - $1.85M
Well managed 3 family brown stone in Crown Heights Brooklyn. Apartments are currently priced below market rents. There is opportunity to improve the property for greater margins.
Walking distance to major transportation - A, C, 2, 3 trains and bus lines. 10 minute walk to Barclay Stadium and Path train.
Review info tabs below for more information
Asking Price $2.1 million dollars. Well managed 3 story brown stone in Crown Heights Brooklyn. 3 apartments with solid paying tenants. There is opportunity to improve the property for greater margins. Walking distance to major transportation - A, C, 2, 3 trains. Review info tabs for more information or click the "speak with ai agent" button above for more details
- Unit 1 - 2 bedrooms, living room, dining room, den, kitchen, and 1.1 bathroom. (duplex- first
and second floor) - Unit 2 - 1 bedroom, living room kitchen and bathroom
- Unit 3 - 1 bedroom, living room kitchen and bathroom
| Property Details | |
| County: Kings County | Year Built: 1910 |
| Cross Street: Franklin Avenue | Dimensions: 20x100 |
| Type: 4 Stories | Garage: None. On street parking |
| Construction: Concrete | |
| Interior | |
| Rooms: 14 | Total Sq Ft Living Area: 3,894 |
| Units: 3 | Bedrooms: 5 |
| Heating: Radiator | Baths: 3.5 |
| Floors: Hardwood | Basement: Yes, unfinished 960sqft |
| Cooling: Window AC’s | Appliances: Stainless steel appliances, Gas, Dishwasher |
| Laundry: Washer/Dryer in Duplex unit only | Fireplace: 2 non working |
| Water Heater: Gas | |
Property has been well maintained. Repairs include
- Building Facade - building facade updated and stonework repaired in 2021
- Boiler - Gas boiler. Maintained and serviced annually
- Plumbing - good condition
- Roof - newly rubberized in 2021
- Asking price: $2.1M. Appraisal done December 2024
- PITI $9,998 per month
- Current rents $7800 per month. Opportunity to increase rents to market rate of $12,000 for similar units
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- Apt 1 Duplex - $4000 per month - 3 beds/1.5 baths 1087sqft
- Apt 2 - $1750 per month - 1 bed/1 bath 800sqft
- Apt 3 - $2050 per month - 1 bed/1 bath 800sqft
- Monthly Expenses $1000 - gas and electric
- No additional supplemental income
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| Address | Sales Price | Date Sold |
| 691 Sterling Place Brooklyn NY 11216 | $2.2M | 9/26/25 |
| 1094 Dean Street Brooklyn, NY 11216 | $3.2M | 7/3/25 |
| 1437 Pacific Street Brooklyn, NY 11216 | $2.25M | 1/3/25 |
FAQS
Is the Property Vacant?
Yes, the building is currently vacant
Will the seller accept owner financing?
The owner is not opposed to having a discussion about seller financing.
Why is the property being sold?
Owners have moved out of state and are looking to invest closer to home
What repairs need to be done?
The building is in good condition. There are no major repairs. For further information, review the Repairs tab on the website