Rarely available true 3-family in the up-and-coming neighborhood of Greenwood Heights where you can enjoy open space and tranquil living. Perfect for an end-user or investor. Currently used as an income property with 3 separate rental units, but can easily be made into an owner's duplex with an income-producing unit on the ground floor. Lot size is 25x100 and unused FAR of 2,905. All units have been recently renovated. Currently configured as a 2 bedroom/1 bath (top floor), 2 bedroom/1 bath (2nd floor) and a 1 bedroom/1 bath (ground floor). All units have access to a well-manicured backyard through a 5' private alley that runs along the side of the house. Each unit has separate mechanical and grids which can be billed directly to tenants, leaving operating costs low. Ceiling heights in each unit are over 9'. Currently only using .84 of FAR, with a Max FAR of 1.65 (if residential use) or 2 (if commercial use), so plenty of room to expand the property. Possibility to expand each unit to a 3 bed/2 bath. Total lot sq ft 2,504, Minutes away from the R at 25th or the express N, D at 36th, and Industry City, one of the largest manufacturing coworking spaces and retail spaces in Brooklyn. Close to Greenwood Park a 13,000-square-foot, indoor-outdoor beer garden with bocce courts and a seasonal menu. There are also several high-profile condo and commercial projects coming soon along 4th Avenue and 5th Avenue. This is a great investment opportunity, or perfect for someone looking for more space, this can't be missed!

Property Details of 148 29th Street, Unit Building

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Listed by EDITH YANG of Compass

Based on information submitted to REBNY as of May 23, 2022 8:19 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 
 

 

 

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