Updated 2 days ago
In contract

401 Troy Ave

Crown Heights, Brooklyn | Crown Street & Montgomery Street

5,040 Square FeetIncome Property

$2,499,000
floors / apts3 / 5
Lot Size20'x98'
ZoneR7-1
Building TypeLow-Rise
RE Taxes$11,366
Price Per SF
$496

Building Amenities

  • Voice Intercom

Property Description for 401 Troy Ave

5 Family plus 1 store located in Crown Heights. Excellent investment opportunity as property is zoned R7, you can build apx another 2000 sq ft onto this property. Store will be delivered vacant, great opportunity for business owner. All five apartments are 2 bedrooms and 1 bath with identical layout. All units have separate heating systems making tenants responsible for their own heat.

Listing History for 401 Troy Ave

Now
05/06/2022
Contract Signed by Richard Dinerman
Peerless Properties Corp.
05/06/2022
$2,499,000
Initial Price by Richard Dinerman
Peerless Properties Corp.

Building Details for 401 Troy Ave

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1925
Floors/Apts3/5
Learn More About the Building

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.

Similar Listings in Crown Heights

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: 85578TH