651 East 3rd Street

Three Family House ! A Superb Development Opportunity exists. The site is located at the border of Borough Park and Kensington Park, Ditmas Ave and East 3rd Street. The lot size is 41X100 : 21x100 zoned in R6A; 20x100 in R5. The lot is located in very close proximity to Public Transportation with the F Train stop at Ditmas Ave only 2 blocks away. Suitable Development uses include Residential Condo, Residential Rentals. Opportunity for the Builder/Developer looking for a prime location to develop. Current rents $88,800/annual Expense: Ins $2,200; Tax $6,148; Water$2,500 ; Heating oil $2,000. Total expense $12,848.