$2,499,000
Updated a year ago
Off Market

1239 Saint Johns Place

Crown Heights, Brooklyn | Albany Ave & Troy Ave

88 Rooms40 Beds16 Baths14,596 Square FeetIncome Property

$2,499,000
floors / apts4 / 16
Lot Size41'8"x130'
Built Size41'8"x89'
ZoneR6
Building TypeLow-Rise
RE Taxes$57,836
Price Per SF
$171

Building Amenities

  • Voice Intercom

Property Description for 1239 Saint Johns Place

Great investment opportunity at St. John Pl. Just listed in the market in the heart of CROWN HEIGHTS! this sixteenth-unit, rent-stabilized building is a rare find in the highly sought-after Crown Heights neighborhood, making it an excellent investment opportunity for those looking for a solid cash-flowing property. The building features FOUR apartments per floor, eight with two bedrooms with a total of five apartments in the rear of the building, the front apartment all has three bedrooms with a total of six room high ceilings, and some updated kitchens appliances and countertops, as well as historic charm throughout. At closing, there will be three possibilities units vacant at closing, offering immediate free market potential rental income. The building's new boiler and expansive basement level, which can be converted into a laundry facility, recreational room, or storage space, add further value. While the flat roof recently updated. This property is in a prime location for commuting to local attractions such as the Brooklyn Children's Museum, Brooklyn Botanic Garden, and Prospect Park. The area also boasts countless dining and shopping options along Nostrand Ave, with convenient access to transportation via the B44/45 bus and the 2/3/4 subway lines just minutes away. Overall, this Brooklyn gem presents an exciting opportunity for investors or owner-occupiers seeking a profitable and convenient investment in one of Brooklyn's most sought-after neighborhoods. The seller is not able to provide the most up-to-date DHCR paperwork.

Listing History for 1239 Saint Johns Place

Now
03/01/2025
POM by Anthony P. Frazzetta
Century 21 Realty First
2025

Building Details for 1239 Saint Johns Place

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1913
Floors/Apts4/16
Learn More About the Building

Contact Agents

Contact Agents

Anthony Frazzetta
Century 21 Realty First
Jin Xiu Li Chen
Century 21 Realty First

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: 98683TH