$2,800,000
Updated 3 years ago
Off Market

583 Eastern Parkway

Crown Heights, Brooklyn | Nostrand Ave & New York Ave

16 Rooms6 Beds3.5 Baths3,342 Square FeetMulti-Family

$2,800,000
floors / apts2 / 2
Lot Size21'x100'
Built Size21'x50'
ZoneR6
Building TypeTownhouse
RE Taxes$7,284
Price Per SF
$838

Outdoor space and views

  • Frontyard

Property Description for 583 Eastern Parkway

Presenting a two-family townhouse on Eastern Parkway, nestled between Nostrand and New York Avenue. Boasting 16 rooms and 9 bedrooms, this legal two-family home has undergone interior renovations, offering modern comforts while leaving ample room for potential enhancements.

Strategically positioned within the vibrant neighborhood of Crown Heights this property benefits from the ongoing development in the area. The prime location not only ensures convenience but also presents an attractive investment opportunity, given its income-generating potential.

While the property has been updated, a discerning investor may find opportunities for further improvement. A comprehensive due diligence process is recommended to fully understand the property's potential and align it with your investment goals.

Listing History for 583 Eastern Parkway

Now
02/02/2024
TOM by Victor Inwang
Brown Harris Stevens
2024

Building Details for 583 Eastern Parkway

OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1901
Floors/Apts2/2
Learn More About the Building

Transit and Citi Bike

Subway

Nostrand Av
0.08 miles
President St-Medgar Evers College
0.18 miles
Kingston Av
0.37 miles
Franklin Av-Medgar Evers College
0.48 miles

Citi Bike

Eastern Pkwy & Nostrand Ave
0.08 miles
Lincoln Pl & Nostrand Ave
0.09 miles

Contact Agent

Contact Agent

Victor Inwang
Brown Harris Stevens

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: 73408TH