$2,650,000
Updated 9 years ago
Off Market

759 Bergen Street

Crown Heights, Brooklyn | Washington Ave & Grand Ave

12 Rooms6 Beds3 BathsIncome Property

$2,650,000
floors / apts3 / 3
Lot Size18'7"x110'
Built Size18'7"x64'3"
Building TypeTownhouse
RE Taxes$7,332

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom
  • Bike Storage
  • Garden
  • Laundry Room
  • Storage

Property Description for 759 Bergen Street

TURNKEY investment opportunity on Prospect Heights border with potential 5% cap rate! Less than 10 years old and in great condition, this 3-unit building has incredibly low taxes, high rental income, and is located in a prime area surrounded by new condominium developments. R6B zoning. At over 3,656 sqft and measuring 18.75' x 65' on a 110' lot, there is about 470 sqft bonus FAR. Enter the property to find an open living room and dining room with exceptionally high ceilings, and gorgeous hardwood flooring. Each floor-through apartment is configured as 2 beds/ 1 bath. Garden floor is being used as a day care with backyard access. 2nd floor is being used as 3 beds and 1 office and can be converted back to 2 beds. Estimated annual expenses: real estate taxes- $611, insurance-$2,100, water-$1,392. Current annual gross rental income is $130,572, and $137,592 next year. C train is accessible at Clinton-Washington Avenue, and B/Q at 7th Avenue station. Multiple bus lines are available. Restaurant rows on Vanderbilt Avenue, Flatbush Avenue and Washington Avenue offer superb dining options, and Food Truck day and Farmer's Market at Grand Army Plaza add fun to the neighborhood. Barclays Center, Brooklyn Museum and Prospect Park are nearby. Set-up sheet available upon request.

Building Details for 759 Bergen Street

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built2008
Financing Allowed90%
Floors/Apts3/3
Learn More About the Building

Transit and Citi Bike

Subway

Clinton-Washington Avs
0.35 miles
Franklin Av
0.39 miles
Park Pl
0.39 miles
Eastern Pkwy-Brooklyn Museum
0.46 miles
Grand Army Plaza
0.47 miles

Citi Bike

Grand Ave & Bergen St
0.06 miles
Underhill Ave & Pacific St
0.15 miles

Contact Agent

Contact Agent

Sunny Pyun
Corcoran

Crown Heights | Brooklyn

Quick Profile

Originally known as Crown Hill by the Lenape Indians that lived there, Crown Heights has evolved into a diverse neighborhood, occupied primarily by Hasidic Jews and one of the largest Caribbean populations to be found anywhere outside of the West Indies. 

Head over to Nostrand Avenue, one of the main West Indian commercial areas in the neighborhood, which is lined with stores that have been in those exact same places for generations, providing their goods and services to area residents. Kingston Avenue has similar commercial activities that support the Jewish community, and Franklin Avenue shows the most signs of change and gentrification, with an ever-expanding mix of yoga studios, coffee shops, and organic grocery stores that serve the influx of young professionals. No matter which of these areas you visit, you will find an interesting mix of businesses that you wouldn’t normally picture as existing side-by-side. It is all part of the cultural diversity of Crown Heights.

The neighborhood is bisected, from east to west, by Eastern Parkway, which is a beautiful, 3-mile-long boulevard lined with mature trees. This leafy oasis was designed by Frederick Law Olmsted, famed designer of Central Park, the Biltmore Estate in North Carolina, and the U. S. Capitol in Washington, D. C.

You will find a mix of low-rise apartment buildings, large middle-class elevator buildings, brownstones, and some luxury buildings. Century-old architecture stands next to modern residential developments in a visually interesting mix of styles, much as the diversity of the residents exists. People who would not normally meet and mix are forging new pathways to cultural understanding by working, living, and playing together in the same neighborhood.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 67182TH