$1,150,000
Updated 2 years ago
Off Market

739 Pennsylvania Ave

New Lots, Brooklyn | Hegeman Ave & Linden Blvd

11 Beds7 Baths4,725 Square FeetIncome Property

$1,150,000
floors / apts3 / 6
Lot Size30'x95'
Built Size22'x70'
ZoneR6
Building TypeHouse
RE Taxes$15,156
Price Per SF
$243

Building Amenities

  • Driveway

Property Description for 739 Pennsylvania Ave

For sale for the first time in 41 years, seize this rare investment opportunity to invest in East New York, Brooklyn with the purchase of739 Pennsylvania Avenue, a (6) six-unit, rent-stabilized building. This impressive brick property spans 22.5' x 70' on a generous 30' x 95' lot and provides immediate substantial returns and upside potential. For both seasoned investors and those looking to enter the real estate market, this is a standout addition to any real estate portfolio with maximum benefits from the area's ongoing development and revitalization projects.739 Pennsylvania Avenue features a diverse mix of rent-stabilized units:- (1) Studio Apt Occupied- (4) Two-Bedroom Apts (3) Vacant- (1) Three-Bedroom Apt Vacant

A finished basement adds valuable space, while the shared driveway and outdoor space enhance convenience and livability for tenants.

Neighborhood amenities include Linden Park and Playground, perfect for outdoor activities and relaxation. Nearby essentials include a laundromat, Self Storage facilities, Mobil and BP gas stations, and popular spots like Dunkin' and Bravo Supermarkets. The area also offers a range of beauty and grooming services, as well as automotive care. Excellent connectivity with the 3 Train at Pennsylvania Avenue Station and the B20 Bus, ensuring smooth commutes and accessibility.

739 Pennsylvania Avenue is a remarkable opportunity for investors looking to capitalize on a high-demand area with a blend of occupied and vacant units, ensuring both immediate revenue and growth potential in a strategic location. Don't miss out on owning this versatile and promising property!

Contact us today to schedule a viewing and explore the possibilities this property holds for your investment portfolio.

Listing History for 739 Pennsylvania Ave

Now
01/01/2025
Expired by Lisa James
Corcoran
2025

Building Details for 739 Pennsylvania Ave

OwnershipIncome Property
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1930
Floors/Apts3/6
Learn More About the Building

Contact Agents

Contact Agents

Lisa James
Corcoran
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: 96602TH