Updated 5 years ago
Sold
651 Vanderbilt Ave
Prospect Heights, Brooklyn | Park Place & Prospect Place
6 Rooms6 Beds2.5 Baths3,093 Square FeetMixed Use
$2,600,000
floors / apts3 / 3
Lot Size19'x100'
Built Size18'9"x55'
ZoneR7A
Building TypeTownhouse
RE Taxes$6,272
Price Per SF
$841
This property was sold for $2,600,000 on 07/20/21.
Outdoor space and views
- Backyard
Building Amenities
- Voice Intercom
Property Description for 651 Vanderbilt Ave
All showings by private appointment only.
An incredible investment opportunity awaits on one of BrooklynÂ’s premier retail corridor in Prospect Heights. 651 Vanderbilt Avenue is a stunning, brick, 3 story, mixed use townhouse with a thriving retail space and two free market, 3 bedroom apartments situated just blocks from the Prospect Park promenade.
This 18.75 ft x 55 ft building with a classic, well-maintained 1930Â’s brick facade, sits on an 18.75 ft x100 ft lot creating an incredible 3,100 sqft above grade with an over 1000 sqft basement and a huge backyard.
As currently configured, this 3 Unit mixed use building generates a 5% cap rate and is a turnkey money maker with an abundance upside for years to come. The savvy investor can untap its true potential with over 4,400 sqft of unused FAR or consider it as an owner occupier of the available vacant residential or for future business endeavor.
The thriving and established retail space features a highly respected wine store that sits on one of the most well trafficked commercial corridors in Brooklyn and the two full floor apartments feature warm, inviting 3 bedroom layouts with large windows allowing for an abundance light and picturesque sunsets.
651 Vanderbilt Avenue is located just 3 blocks from Grand Army Plaza, Prospect Park which offers a plethora of social, cultural events the farmerÂ’s market as well as blocks to all the major cultural institutions like the Brooklyn Museum, Brooklyn Central Library, the Brooklyn Botanic Gardens and many more. This location is truly a focal point to all must have amenities and established retails in Prime Prospect Heights, a premier Brooklyn neighborhood offering popular variety of restaurants, coffee shops, and trendy retail stores. It also offers fantastic public transportation of the B,Q,2,3 Subways. Do not miss this chance at this rare offering at 651 Vanderbilt Avenue.
Additional photos and videos are available upon request.
Listing History for 651 Vanderbilt Ave
Now
07/20/2021
$2,600,000
Sold and Closed by Tom Le
Corcoran
05/25/2021
Contract Signed by Tom Le
Corcoran
Building Details for 651 Vanderbilt Ave
OwnershipMixed Use
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1930
Floors/Apts3/3
Transit and Citi Bike
Subway
Grand Army Plaza
0.19 miles
7 Av
0.19 miles
Bergen St
0.41 miles
Clinton-Washington Avs
0.44 miles
Eastern Pkwy-Brooklyn Museum
0.44 miles
Citi Bike
Prospect Pl & Vanderbilt Ave
0.03 miles
Park Pl & Vanderbilt Ave
0.05 miles
Prospect Heights | Brooklyn
Quick Profile
Prospect Heights is a small residential neighborhood surrounded by big attractions. It’s rich in culture and offers the perfect blend of old Brooklyn charm and modern-day hipness.
Residents of this tight-knit community include young professionals, families and long-time residents. It’s a walkers paradise - just steps from Prospect Park and a short walking distance to neighborhoods like Downtown Brooklyn, Fort Green and Clinton. You’re close to culture too. Brooklyn Museum, Brooklyn Library, Brooklyn Botanical Garden, Brooklyn Academy of Music and the Barclays Center are all nearby.
Prospect Heights is bordered by Flatbush Avenue to the west, Washington Avenue to the east, Atlantic Avenue and Dean Street to the north and Eastern Parkway to the south.
Prospect Heights, like many areas of New York City, was first inhabited by indigenous tribes and eventually settled by the Dutch and turned into farmland.
A significant part of the Revolutionary War was fought in Prospect Heights and the surrounding areas. Known as the Battle of Brooklyn, it was the first military engagement following the Declaration of Independence. Things didn’t go so well for American forces so they retreated and the British occupied Manhattan for several years after the Battle of Brooklyn.
In 1867, the opening of Prospect Park caused major housing growth in Prospect Heights. The middle-class neighborhood was soon populated by Jewish, Italian, and Irish workers. Many of which were shop-owners or employed as laborers in nearby factories.
Housing in Prospect Heights includes single-family row houses, historic townhouses, co-ops, and new luxury condos. The median listed price for a 1-bedroom in Prospect Heights is $680,000 with an average price per square foot is $944.
The neighborhood's commercial artery runs along Vanderbilt Avenue and Washington Avenue. The variety of businesses adds to the charm of the neighborhood. They include bars, pubs, restaurants and mom-and-pop stores of all types. The shops and eateries are a perfect alternative to the big-name attractions that bracket the neighborhood. It's a little bit of everything in this neighborhood.
Subways are plentiful in Prospect Heights. Its proximity to Manhattan is another perk of the neighborhood. It's about a half-hour train ride. The B, D, N, Q, R, 2, 3, 4 and 5 subway lines all serve the Atlantic Avenue/Barclays Center station. 2, 3, 4, B and Q trains cover the neighborhood and the A and C trains are nearby too.
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: 44685TH
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