$3,250,000
Updated 7 years ago
Sold

271 New York Ave

Crown Heights, Brooklyn | Lincoln Place & Saint Johns Place

14 Rooms7 Beds7 Baths5,250 Square FeetMulti-Family

$3,250,000
floors / apts4 / 2
Lot Size21'3"x105'
Built Size21'3"x71'
ZoneR6
Building TypeTownhouse
RE Taxes$7,236
Price Per SF
$619

This property was sold for $3,120,000 on 01/13/20.

Outdoor space and views

  • Porch

Building Amenities

  • Laundry Room
  • Roof Deck

Property Description for 271 New York Ave

271 New York Avenue is an extremely rare 21' x71' corner property divided into two separate 4-story homes. This fully renovated 2-family home in the Crown Heights North Historic District is over 5200 square feet and offers two parking spots and a private roof deck. Each residence features a full floor living/dining room with an open chef's kitchen, 5 bedrooms upstairs and a massive finished rec room in the cellar.


The original doors, wooden fixtures and stained glass of this century old home were preserved while adding luxury finishes and top of the line appliances throughout including zoned heating and cooling and large laundry rooms. The residences are flooded with natural light with three exposures.


As an alternative to being a home for an end-user, 271 New York Avenue serves as a fantastic income property. It is currently configured as two residences, creating the perfect opportunity to live in the home while renting one apartment out, or allowing the owner to fully utilize it as an investment property with a rent roll of $200,000 annually and a cap rate of 5.7%. Set-up sheet available upon request.


The home is surrounded by coffee shops, grocery stores and trendy restaurants as well as stunning Prospect Park and the Botanic Gardens. Just two blocks to the Nostrand Ave 3 line, or three blocks to the President St 2 and 5 lines, with transfers to all major subway lines.

Listing History for 271 New York Ave

Now
01/13/2020
$3,120,000
Sold and Closed by Noah Plener
Compass
2020

Building Details for 271 New York Ave

OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1905
Floors/Apts4/2
Learn More About the Building

Transit and Citi Bike

Subway

Nostrand Av
0.18 miles
President St-Medgar Evers College
0.27 miles
Kingston Av
0.28 miles

Citi Bike

Sterling Pl & New York Ave
0.11 miles
Eastern Pkwy & Brooklyn Ave
0.14 miles

Contact Agents

Contact Agents

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: 77004TH