$4,500,000
Updated 4 years ago
Off Market

243 New York Ave

Crown Heights, Brooklyn | Sterling Place & Saint Johns Place

40 Rooms20 Beds12 Baths11,292 Square FeetIncome Property

$4,500,000
floors / apts4 / 8
Lot Size40'x100'
ZoneR6
Building TypeLow-Rise
RE Taxes$15,072
Price Per SF
$399

Listing Features

  • Original Details

Building Amenities

  • Voice Intercom

Property Description for 243 New York Ave

Supreme opportunity for investors/developers in the heart of crown heights. This property maintains a Sullivan-Esq architectural style proudly protected by landmark conservancy. Each unit current boasts lofty ceilings with unique pre-war characteristics and ample space. Currently structured as very large apartments with large kitchens, dining, and living rooms, with incredible original details. You will not find a more classic Brooklyn neighborhood than Crown Heights. The epitome of Brooklyn, It's a prime location, close proximity to subways, shops, restaurants, museums, and Brooklyn’s botanical garden.  243 New york ave is an expansive 8-unit multi-dwelling building estimated at approximately 11,292 square feet with building dimensions of 40x80 ft. It will be delivered with 5 vacancies, zoned at r6-c1 rent-stabilized units. This is a prime opportunity to expand upon the building with additional units, or better yet conversion to condos. Condos are selling in the area like hotcakes approaching $1400 per square foot. Currently, 8 units with so much opportunity to add more value by diving into more units, and a great potential to add duplexes on the first floor as the building has a massive basement. ****Please note not all apartments were measured for floor plans, The 3rd and 4th floors cover the same floor area but may have some small differences.

Listing History for 243 New York Ave

Now
07/15/2022
$4,500,000
Initial Price by Steve Halpern
Compass
Launch

Building Details for 243 New York Ave

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1908
Floors/Apts4/8
Learn More About the Building

Transit and Citi Bike

Subway

Nostrand Av
0.21 miles
Kingston Av
0.32 miles
President St-Medgar Evers College
0.32 miles

Railroad

Nostrand AvenueLong Island Rail Road
0.46 miles

Citi Bike

Sterling Pl & New York Ave
0.04 miles
Lincoln Pl & Nostrand Ave
0.19 miles

Contact Agent

Contact Agent

Licensed As
Steven Halpern
Salesperson
License#:
10401218808
Company:
Compass

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.

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: 87038TH