361 Chestnut Street

$1,200,000
Price
5
Beds
3
Baths
1,680 Sq. Ft.
$714 / Sq. Ft.
1,680
Sq. Ft.
$714
per Sq. Ft.

Description

We are pleased to present the sale of this well-maintained 3-family house offers solid rental income potential, while the adjacent vacant lot (zoned R5B) presents a fantastic development opportunity for a 1 or 2-family home. The neighboring vacant lot has a buildable area of up to 900 square feet, perfect for a new construction project & ideal for a single-family or duplex residence, Additional parking or outdoor space potential. Conveniently located near public transportation, shopping, and parks,...We are pleased to present the sale of this well-maintained 3-family house offers solid rental income potential, while the adjacent vacant lot (zoned R5B) presents a fantastic development opportunity for a 1 or 2-family home. The neighboring vacant lot has a buildable area of up to 900 square feet, perfect for a new construction project & ideal for a single-family or duplex residence, Additional parking or outdoor space potential. Conveniently located near public transportation, shopping, and parks, this property offers easy access to everything Brooklyn and Queens have to offer. The neighborhood is rapidly developing, making it a smart investment for both homeowners and investors. The seller is motivated and open to all reasonable offers. This is a unique chance to secure a multifamily property with additional land for future development. Don't wait properties like this are rare! Contact us today to schedule a private showing.
  1. Listed by Leclercson (Andy) Sarrazin • Sarrazin Estates LTD • 3 Spaces

Amenities

  • Park Views
  • Walk Up
  • Laundry in Building
  • Detached Parking
  • Voice Intercom
  • Garage
  • Private Outdoor Space
  • House
LISTING UPDATED: 11/01/2024 05:10 PM

Property Details for 361 Chestnut Street

StatusActive
MLS ID487173
Days on Market21
Taxes$4,835 / year
Maintenance-
Min. Down Pymt-
Total Rooms11.0
Compass TypeTownhouse
MLS TypeResidential
Year Built1920
Lot Size1,629 SF / 25' x 65'
CountyKings County

Building

361 Chestnut St

3 Units2 StoriesBuilt in 1920

Building Information for 361 Chestnut Street

Stories2Residences3Year Built1920Building Size20' x 42'Building Sq. Ft1,680 SFLot Size1,629 SF / 25' x 65'Building Age-Building Type-

Property Information for 361 Chestnut Street

Summary
Location and General Information
  • Block: 4157
  • Cross Street Name: Conduit Blvd
  • Cross Street Name: Wells St
  • Zoning: R5B
  • Roof: Shingle
  • Residential Features: Laundry Area
  • Number Of Vacant Units: 2
Parking
  • Parking Attributes: 3 Spaces
  • Parking Feature Single: Community Drive
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 4835.0
  • Gross Expense: 12000.0
  • Gross Income: $84,000.00
Property
Lot Information
  • Lot Dimensions: 60 ft x 95.17 ft
  • Sq Ft Total: 1680
  • Yard: Side, Fenced - Full, Fenced - Partial
  • Lot Number: 52
  • Lot Size Irregular YN: Yes
  • Lot Size Length: 65
  • Lot Size Width: 25
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Oil
  • AC Units: 2
  • Hot Water: Hot Water Coil in Boiler
  • Utility Expense: 1300.0
  • Fuel Expense: 1500.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Finished, Full
  • Baths Three Quarter: 0.0
  • Baths Total Level 1: 1
  • Total Rooms: 11
  • Foundation Details: Block
  • Flooring: Carpeting, Hardwood, Marble
  • Unit Count: 3
  • Building Amenities: NONE
  • Construction Materials: Wood Frame
  • Electric: 220 V
  • Beds Total Level: 1
  • Beds Total Level: 2
  • Beds Total Level: 2
Exterior Features
  • Exterior: Siding
  • Handicap Access YNU: Unknown
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 840.0
  • Building Length: 42.0
  • Building Type: Semi-Detached
  • Building Width: 20.0
  • Rooms Total Level 1: 1
Unit 1
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Floor: 1
  • Unit Rooms Total: 3
  • Unit Status: Vacant
  • Unit Unit Type: 1 Bedroom
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: 2
  • Unit Rooms Total: 4
  • Unit Status: Vacant
  • Unit Unit Type: 2 Bedrooms
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: 3
  • Unit Rooms Total: true
  • Unit Status: Owner Occupied
  • Unit Unit Type: 2 Bedrooms
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 1800.0
  • Owner Occupied: Yes
  • Rent Income: 84000.0

Property History for 361 Chestnut Street

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 361 Chestnut Street

Taxable ValueLand$6,420Additions$41,400Total$47,820
Home Facts
Total Finished SqFt1,680 SqFtLot Size1,275 SqFtYear Built1920ZoningR5BAPN3041570052

Schools near 361 Chestnut Street

This home is within Nyc Geog District #19 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
P.S. 159 Isaac Pitkin
PublicPK to 5

Liberty Avenue Middle School
Public6 to 8

Vista Academy
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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361 Chestnut Street is a townhouse for sale in City Line. This property was listed for sale on November 1, 2024 by Sarrazin Estates LTD, it's currently listed at $1,200,000. This listing's school district is Nyc Geog District #19 - Brooklyn. Nearby schools include P.S. 159 Isaac Pitkin, Liberty Avenue Middle School and Transit Tech Career and Technical Education High School. 361 Chestnut Street is a 5-bed, 3-bath, 1,680 sqft townhouse built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sarrazin Estates LTD

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.