2337 Dean Street

AGENTS WITH BUYERS ARE PROTECTED AND WILL RECEIVE A 2.5% FEE!!

Adjacent to Bed Stuy. This cozy 2 family home is located on a gorgeous tree lined street in the lovely Ocean Hill section of Brooklyn. This is a perfect home for any buyer. With some TLC and an additional 4750 sqft of buildable air rights, this home will definitely make you the talk at the holiday dinner table. The real value lies in the size of the land because how to use is limited only by imagination. Located just a block or two from parks, restaurants, schools, supermarkets and just 3 1/2 short blocks to the Rockaway avenue A/C train makes its location extremely desirable and a very,very valuable commodity. The Taxes are just $1558 Annually.

Investors come with your best foot forward when placing an offer. This 24x107 ft R6 zoned property can easily be taken down and replaced with a gorgeous 8 family condo or rental building.
The location is King and will become a highly desired rental area once the "L" train goes down.
We know that "New Development and Gut Renovated" property comps for buildings 2-8 family come in at:$400-$500 per square foot, condos come in at: $500-$700 per square foot, Rental comps come in at: 2bd $2000-2300/ 3bd $2200-$2600.
With proper finishes we are talking about a nice profit margin or a cap rate in the mid 6%-7% range.
DO NOT BOTHER THE RESIDENTS CONTACT EXCLUSIVE AGENTS. ALL SERIOUS OFFERS MUST COME WITH PROOF OF FUNDS or A MORTGAGE APPROVAL LETTER...Qualification letters will not be accepted!