Updated 2 years ago
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557 Saint Marks Ave
Prospect Heights, Brooklyn | Franklin Ave & Bedford Ave
10 Rooms5 Beds3 Baths2,272 Square FeetMulti-Family
$1,600,000
floors / apts3 / 2
Lot Size17'x128'
Built Size17'x40'
ZoneR6B
Building TypeTownhouse
RE Taxes$4,152
Price Per SF
$704
This property was sold for $1,600,000 on 09/13/24.
Outdoor space and views
- Backyard
Building Amenities
- Garden
Property Description for 557 Saint Marks Ave
Welcome to 557 Saint Marks, a two-family townhouse brimming with potential that's primed for both users and developers! Located in the heart of vibrant Crown Heights. this distinguished brick property offers an ideal opportunity to create a personalized masterpiece on an exceptionally desirable block. Adding to its allure and generous lot dimensions of 17' x 128.5', the 2.0 FAR (Floor Area Ratio) allows for approximately 2,100 buildable SF for expansion and development. Remarkably low taxes and its coveted tax-class 1 status make this a sustainable asset for years to come!
The existing layout, consisting of a 4-bedroom, 2-bathroom duplex over a 1-bedroom, 1-bathroom garden apartment, offers both user-friendliness and the added bonus of an income-producing unit. Common elements include amazing (and multiple) exposures, original parquet wood floors, large windows, and spacious living areas. The expansive backyard on an extra-deep lot fulfills the dreams of a true outdoor lover. A single-family conversion to a triplex layout is easily achievable!
With its unrivaled location nestled between Bedford and Franklin Avenues, 557 Saint Marks offers easy access to an array of cultural and outdoor attractions, including dining options and transportation links, making it a highly desirable property to call home. Nearby subway lines include the A/C/S/2/3/4/5, while Prospect Park, the Brooklyn Museum, and Grand Army Plaza are within a mile away. Embrace the opportunity to transform this townhouse into a stunning residence in one of Brooklyn's most sought-after neighborhoods.
The existing layout, consisting of a 4-bedroom, 2-bathroom duplex over a 1-bedroom, 1-bathroom garden apartment, offers both user-friendliness and the added bonus of an income-producing unit. Common elements include amazing (and multiple) exposures, original parquet wood floors, large windows, and spacious living areas. The expansive backyard on an extra-deep lot fulfills the dreams of a true outdoor lover. A single-family conversion to a triplex layout is easily achievable!
With its unrivaled location nestled between Bedford and Franklin Avenues, 557 Saint Marks offers easy access to an array of cultural and outdoor attractions, including dining options and transportation links, making it a highly desirable property to call home. Nearby subway lines include the A/C/S/2/3/4/5, while Prospect Park, the Brooklyn Museum, and Grand Army Plaza are within a mile away. Embrace the opportunity to transform this townhouse into a stunning residence in one of Brooklyn's most sought-after neighborhoods.
Listing History for 557 Saint Marks Ave
Now
09/17/2024
$1,600,000
Sold and Closed by Marvin Chu
Corcoran
08/16/2024
Contract Signed by Marvin Chu
Corcoran
Building Details for 557 Saint Marks Ave
OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1925
Floors/Apts3/2
Prospect Heights | Brooklyn
Quick Profile
Prospect Heights is a small residential neighborhood surrounded by big attractions. It’s rich in culture and offers the perfect blend of old Brooklyn charm and modern-day hipness.
Residents of this tight-knit community include young professionals, families and long-time residents. It’s a walkers paradise - just steps from Prospect Park and a short walking distance to neighborhoods like Downtown Brooklyn, Fort Green and Clinton. You’re close to culture too. Brooklyn Museum, Brooklyn Library, Brooklyn Botanical Garden, Brooklyn Academy of Music and the Barclays Center are all nearby.
Prospect Heights is bordered by Flatbush Avenue to the west, Washington Avenue to the east, Atlantic Avenue and Dean Street to the north and Eastern Parkway to the south.
Prospect Heights, like many areas of New York City, was first inhabited by indigenous tribes and eventually settled by the Dutch and turned into farmland.
A significant part of the Revolutionary War was fought in Prospect Heights and the surrounding areas. Known as the Battle of Brooklyn, it was the first military engagement following the Declaration of Independence. Things didn’t go so well for American forces so they retreated and the British occupied Manhattan for several years after the Battle of Brooklyn.
In 1867, the opening of Prospect Park caused major housing growth in Prospect Heights. The middle-class neighborhood was soon populated by Jewish, Italian, and Irish workers. Many of which were shop-owners or employed as laborers in nearby factories.
Housing in Prospect Heights includes single-family row houses, historic townhouses, co-ops, and new luxury condos. The median listed price for a 1-bedroom in Prospect Heights is $680,000 with an average price per square foot is $944.
The neighborhood's commercial artery runs along Vanderbilt Avenue and Washington Avenue. The variety of businesses adds to the charm of the neighborhood. They include bars, pubs, restaurants and mom-and-pop stores of all types. The shops and eateries are a perfect alternative to the big-name attractions that bracket the neighborhood. It's a little bit of everything in this neighborhood.
Subways are plentiful in Prospect Heights. Its proximity to Manhattan is another perk of the neighborhood. It's about a half-hour train ride. The B, D, N, Q, R, 2, 3, 4 and 5 subway lines all serve the Atlantic Avenue/Barclays Center station. 2, 3, 4, B and Q trains cover the neighborhood and the A and C trains are nearby too.
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: 96928TH
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