591 East 3rd Street

Nest Seekers International; The Global Real Estate Powerhouse, has been retained to facilitate the sale of 591 East 3rd Street Brooklyn, NY 11218 which is a Legal-5 Unit two-story walk-up residential building. Located in one of Brooklyn's fastest growing neighborhoods, Kensington, this property offers an investor or savvy home buyer a great opportunity. Area offers easy transportation, great schools, and shopping and dining at your fingertips.The lot is situated in the beautiful tree-lined neighborhoods of Kensington. This neighborhood has seen a significant spike in new construction and a complete makeover of the Residential Landscape over the past five years. This is an amazing development opportunity (possibility of a single residential home as well). The building will be marketed as a Re-Development or a Gut Renovation opportunity. Currently the Lot Area is 2000 sqft., Lot Dimensions 20’ x 100'. Building dimensions currently 17’ x 55’ with a lucrative rental opportunity. This Redevelopment opportunity has huge potential with R6-A zoning 10,000' sqft. buildable. This is an incredible opportunity to establish an Immediate foothold in the neighborhoods of Kensington, Cortelyou Road has seen a influx of new development and investment opportunity. Investors can see a projected cap rate of 5.5%. This up-and-coming neighborhood offers trendy bars and night life, as well as family friendly parks and attractions. Steps away from beautiful sunny tree-lined Ocean Parkway. A bike ride away from both Brooklyn Botanical Gardens and Prospect Park. Less than a 2 minute walk to the F train and the BM1 and the BM2 buses. Be in Midtown Manhattan in 30 minutes!