361 Chestnut CtBrooklyn, NY 11208

For Sale
$1,200,000

Brooklyn 3-unit investment opportunity

Overview

Added:
Dec 11, 2024
Days on market:
96
This exceptional investment opportunity presents a charming, one-story, 3-unit apartment building situated on a 2,000 sq ft lot in Brooklyn, NY. Built in 1920, the 2,280 sq ft property is currently vacant, offering immediate potential for rental income. The building is zoned R5B, and importantly, includes 1,000 sq ft of air rights. Adjacent to the property is a vacant lot, also zoned R5B, providing a significant development opportunity. This lot offers the potential to construct an additional 900 sq ft structure, ideal for a single-family home or duplex, increasing the overall property value and rental income. The property's location in Brooklyn, near public transportation, shopping, and parks, ensures strong tenant demand. The asking price is $1,200,000, representing a compelling entry point into the Brooklyn real estate market. This is a rare chance to acquire a multifamily property with substantial development potential in a rapidly growing neighborhood. The property is offered as an estate sale. The APN is 04157-0052.

Highlights

  • Charming 3-unit, 2,280 sq ft apartment building on a 2,000 sq ft lot in Brooklyn, NY.
  • Currently vacant, offering immediate rental income potential.
  • Zoned R5B with 1,000 sq ft of air rights.
  • Adjacent vacant R5B lot allows for potential 900 sq ft addition.
  • Excellent Brooklyn location near transportation, shopping, and parks.
  • Asking price: $1,200,000; estate sale; APN 04157-0052.

Property Details for 361 Chestnut Ct

Property type
Multifamily properties, Apartment buildings
Square Feet
2,280 SF
Year Built
1920
Buildings
1
Stories
1
Units
3

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.678309
Longitude
-73.8739948
361 Chestnut Ct, Brooklyn, New York

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361 Chestnut Ct
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