Updated 6 months ago
Crown Heights, Brooklyn | Howard Ave & Saratoga Ave
8,500 Square FeetIncome Property

$1,795,000
floors / apts4 / 8
Lot Size25'x107'
Built Size25'x85'
ZoneR6
Building TypeTownhouse
RE Taxes$11,638
Price Per SF
$211

Building Amenities

  • Voice Intercom

Property Description

1901 Bergen is a legal eight family with 148k Gross RR and the NOI is 109k. All the tenants are currently paying rent. Cap rate is over 6%
Incredible investment opportunity of the right buyer

Listing History

Now
07/20/2021
$1,795,000
Initial Price by Nathaniel Smith
Oxford Property Group
Launch

Building Details

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/8
Learn More About the Building

Transit and Citi Bike

Subway

Ralph Av
0.32 miles
Rockaway Av
0.42 miles
7
24
0

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.

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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: 81731TH