Homecrest, NY 11229,1319 Avenue R
$1,275,000
$1,695,000
24.8%
Est.Price: ?

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3 BD
2 BA
5,500 SqFt

1319 Avenue R Homecrest, NY 11229

Est. payment /mo
SOLD DATE : 08/07/2023

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Key Details

Sold Price $1,275,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,500 sqft

Price per Sqft $231

MLS Listing ID 3463686

Style Two Story

Bedrooms 3

Full Baths 2

Year Built 1925

Annual Tax Amount $10,017

Lot Size 3,049 Sqft

Property Description

Welcome to 1319 Avenue R, in the quaint Homecrest residential section of Southeast Brooklyn. Located on a well sought after corner with an abundance of public transportation, this mixed use property combines the convenience of urban life with the tranquility of suburban life. The house, built in 1925, is on a 100 ft x 30 ft lot with private parking for 3 cars. The first floor features a recently remodeled medical office offering a unique turnkey opportunity to carry on the legacy of a successful 35 year old pediatric practice. A separate private entrance leads to a 4 bedroom 1 bath 1400 sf apartment. The residential space on the second floor is boasting 22 windows with plenty of direct sunlight. The residential apartment upstairs was totally renovated in 2017 with totally new and updated WiFi, cable system. electrical system with independent and isolated electrical panel on the second floor. Bordering the property is the busy shopping Kings Highway corridor and Ocean Avenue with its eclectic choice of restaurants. Slightly further out is the gigantic Kings Plaza plaza mall featuring 150 shops and multiplex theaters, and all within a 20 minute car ride enjoy the most amazing beaches of Coney Island and Breezy Point natural preserve. This property has many potential uses: *Combine units for a single family home *Owner occupied *Investment property - Projected Cap Rate 6% *Capitalize on rental income on a 35 years old successful pediatric doctor's practice. This is once in a lifetime opportunity for a doctor to rent the first floor Turnkey from day 1

Location

State NY

County Brooklyn

Zoning R5B

Interior

Heating Natural Gas, Forced Air, Hot Water

Cooling Central Air

Exterior

Garage Shared Driveway, Detached, 3 Car Detached, Parking Lot, Private, Storage

Garage Spaces 3.0

View Y/N Yes

View Open

Building

Lot Description Level, Near Public Transit

Sewer Public Sewer

Water Public

Structure Type Advanced Framing Technique, Aluminum Siding, Vinyl Siding

New Construction No

Schools

Elementary Schools Ps 251 Paerdegat

Middle Schools Jhs 234 Arthur W Cunningham

High Schools James Madison High School

School District Brooklyn 22

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Listed by Bond Property Mrkting Grp LLC • 212-582-2009
Bought with Bond Property Mrkting Grp LLC

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