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148 29th Street

Greenwood Heights, Brooklyn | 3rd Ave & 4th Ave

10 Rooms5 Beds3 Baths2,100 Square FeetMulti-Family

$1,650,000
floors / apts3 / 3
Lot Size25'x100'
Built Size20'x35'
ZoneM1-2D
Building TypeHouse
RE Taxes$5,592
Price Per SF
$786

Outdoor space and views

  • Backyard
  • Garden [25'x61']

Building Amenities

  • Voice Intercom

Property Description for 148 29th Street

Rarely does a true 3-family property become available in the up-and-coming neighborhood of Greenwood Heights, offering spacious living and serene surroundings. Ideal for both end-users and investors, this property currently functions as an income-producing asset with three separate rental units. However, it presents the opportunity to easily convert into an owner's duplex with an income-generating unit on the ground floor. Situated on a 25x100 lot with an unused FAR of 2,905, this property boasts recent renovations throughout all units. The current layout includes a 2 bedroom/1 bath unit on the top floor, another 2 bedroom/1 bath unit on the second floor, and a 1 bedroom/1 bath unit on the ground floor. Each unit enjoys access to a well-maintained backyard through a private 5' alley running alongside the house. With separate mechanicals and grids for each unit, operational costs remain low, and ceiling heights exceed 9' in all units. Additionally, the property utilizes only .84 of its FAR, leaving ample room for expansion, with a maximum FAR of 1.65 for residential use or 2 for commercial use. There's even potential to expand each unit into a 3 bed/2 bath configuration. Conveniently located just minutes away from transportation options such as the R at 25th Street or the express N and D at 36th Street, as well as Industry City, a prominent manufacturing coworking and retail space in Brooklyn. Residents can also enjoy proximity to Greenwood Park, a popular 13,000-square-foot beer garden with bocce courts and seasonal menus. Furthermore, the area is undergoing significant development with numerous high-profile condo and commercial projects slated for 4th Avenue and 5th Avenue. Whether you're seeking a promising investment opportunity or more living space, this property is not to be overlooked.

Listing History for 148 29th Street

Now
03/05/2024
$1,650,000
Initial Price by Jordan Cheng
Compass
2024

Building Details for 148 29th Street

OwnershipMulti-Family
Building TypeHouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1934
Floors/Apts3/3
Learn More About the Building

Transit and Citi Bike

Subway

25 St
0.21 miles
36 St
0.26 miles

Citi Bike

30 St & 4 Ave
0.05 miles
4 Ave & 26 St
0.18 miles
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: 42176TH