$2,200,000 $2,599,000
Updated 16 hours ago
Price drop

272 New York Ave

Crown Heights, Brooklyn | Saint Johns Place & Lincoln Place

20 Rooms12 Beds4 Baths3,760 Square FeetMulti-Family

$2,200,000 $2,599,000
floors / apts4 / 4
Lot Size19'x100'
Built Size19'x47'
ZoneR6
Building TypeTownhouse
RE Taxes$12,468
Price Per SF
$585

Outdoor space and views

  • Backyard [19'x40']
  • Patio [18'x17']

Building Amenities

  • Voice Intercom

Property Description for 272 New York Ave

Nestled in the renowned Crown Heights North II historic landmark, 272 New York Ave showcases a historic four-family townhouse. Measuring 19.58 feet in width and 47 feet in depth, it occupies a lot of equal width but extends 100 feet in length.

Constructed in 1910, this building encompasses six rooms across each of its four levels, complemented by a full-length cellar. Every apartment, offering three bedrooms, seamlessly blends traditional charm with contemporary aesthetics. Renovations in two apartments feature restored pocket doors, elegant crown moldings, original wood flooring, granite countertops, and contemporary stainless steel appliances, including dishwashers, ensuring a blend of spacious, well-lit interiors and substantial storage solutions.

The estate boasts a full cellar and a private backyard, enhancing its charm. The ground-level unit, with walk-out access, is ideal for professional use. The top floor is currently leased, with the agreement ending on January 31, 2024, while the rest of the building will be delivered vacant.

Its R6 zoning and an unused Floor Area Ratio (FAR) of 1880, which allows for potential expansion, increase its investment appeal, marking it as a promising venture in a sought-after area of Brooklyn.

Strategically located near essential transportation hubs, the property is only 0.2 miles from Nostrand Avenue station (serving the 3 and 4 lines) and 0.24 miles from President Street station (serving the 2 and 5 lines), with several key bus routes like BM2, BXM18, M103, M55, QM11, B46, B43, B44-SBS, and B45 in close proximity.

In the vicinity of Brower Park, Prospect Park, Brooklyn Botanical Garden, Grand Army Plaza, and The Children's Museum, the area is rich in both recreational and educational opportunities, reflecting Brooklyn's cultural and historical heritage. The neighborhood is vibrant with a wide selection of shops, cafes, restaurants, and services.

This multi family dwelling represents a unique chance to own a part of Brooklyn's storied past, combined with excellent connectivity, positioning it as an outstanding, income-generating asset in a culturally vibrant part of the city.

Listing History for 272 New York Ave

Now
02/28/2024
$2,200,000 [-$399,000] [15.4%]
Price Drop by Keith Johnson
Douglas Elliman
2024

Building Details for 272 New York Ave

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built1958
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Subway

Nostrand Av
0.15 miles
President Street-Medgar Evers College
0.26 miles
Kingston Av
0.32 miles

Citi Bike

Sterling Pl & New York Ave
0.09 miles
Lincoln Pl & Nostrand Ave
0.15 miles

Contact Agents

Contact Agents

Licensed As
Keith Alexander Johnson
Salesperson
License#:
10401288267
Company:
Douglas Elliman

2 Open Houses

Saturday, March 2, 2024
1:30 PM - 3:00 PM
View this property on the company's website

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: 91883TH