121 Park Ave

Fort Greene, Brooklyn | North Oxford Street & Cumberland Street

1 Bed1.5 Baths2,676 Square FeetMixed Use

$2,899,000

floors / apts3 / 2

Lot Size19'x95'

ZoneR6

Building TypeLow-Rise

RE Taxes$21,198

Price Per SF

$1,083

Outdoor space and views

Backyard

Property Description for 121 Park Ave

Coldwell Banker Reliable Real Estate is pleased to offer for sale, 121 Park Avenue, Brooklyn, NY 11205. This mixed-use building includes 2 levels that is currently used as a Funeral home, as well as a large 1-bedroom apartment, totaling 2,676 sq. ft. The lot is 19’ x 95’, and allows for approximately 4,562 buildable SF. The designated zone of the property is R6, allowing for residential developments, including apartment rentals or residential condos. The property is in an excellent part of Fort Greene, near multiple train lines and areas experiencing a high level of residential development. All spaces are in exceptional condition, making the property an excellent investment with huge upside potential. Location Highlights: Park Avenue is in Fort Greene. It has high traffic, located in a densely populated area. Conveniently located near Shopping, Restaurants, Roads and Public Transportation. Great 1031 exchange opportunity. Building will be delivered vacant.

Listing History for 121 Park Ave

Now

11/22/2022

TOM by Joseph C. Giordano

MYNY Residential

09/15/2022

$2,899,000 [-$100,000] [3.3%]

Price Drop by Joseph C. Giordano

MYNY Residential

Building Details for 121 Park Ave

OwnershipMixed Use

Building TypeLow-Rise

AgePre-War

AccessWalk-up

Year Built1920

Floors/Apts3/2

Learn More About the Building

Fort Greene | Brooklyn

Quick Profile

Conveniently situated just north of the beautiful and lush Prospect Park, Fort Greene is rich with history. Representative of an aesthetic that Brooklyn is often associated with--the brownstone and row house architecture being an institution of the community--Fort Greene is decidedly singular in visual style. As part of the National Register of Historic Places, this South Brooklyn neighborhood offers unique charm and plenty of character.

Beginning with its early military-oriented inception (the territory was central to the Battle of Long Island), Fort Greene has always been recognized for its spaciousness and a sense of openness. Filled with nature and greenery, it is also home to its very own eponymously named park in addition to being in close proximity to Brooklyn’s largest recreational area, Prospect Park (containing the beloved Prospect Park Zoo within it).

Many residents come from different socioeconomic backgrounds and commute to their workplaces in Manhattan, while keeping Fort Greene as their separate haven. The diversity of the area has proven to be one of the few examples of a Brooklyn neighborhood maintaining its roots in part thanks to its protected status.

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: 85114TH

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