739 Pennsylvania Avenue

$1,150,000
Price
11
Beds
7
Baths
4,725 Sq. Ft.
$243 / Sq. Ft.
4,725
Sq. Ft.
$243
per Sq. Ft.

Description

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...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.

Property Details for 739 Pennsylvania Avenue

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LISTING UPDATED: 11/08/2024 11:19 AM

Property Details for 739 Pennsylvania Avenue

StatusActive
MLS IDRPLU-33423076904
Days on Market143
Taxes$1,263 / month
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeMulti Family
MLS TypeHouse/Building
Year Built1930
Lot Size2,850 SF / 95' x 30'
CountyKings County

Building

739 Pennsylvania Ave

6 Units3 StoriesBuilt in 1930

Building Information for 739 Pennsylvania Avenue

Stories3Residences6Year Built1930Building Size22.5' x 70'Building Sq. Ft4,725 SFLot Size2,850 SF / 95' x 30'Building Age-Building Type-

Property Information for 739 Pennsylvania Avenue

Summary
Location and General Information
  • Subdivision Name: East New York
  • Stories Total: 3
  • Garage Spaces: 0.0
  • View: No
Taxes and HOA
  • Tax Lot: 0053
  • Tax Block: 04323
  • Flip Tax: $0
  • Building Tax Lot: 0053
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
Property
Lot Information
  • Living Area: 4725.0
  • Building Area Total: 4725.0
  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 95.00x30.00
  • Living Area Units: SquareFeet
Building Information
  • Landmark Status YN: false
  • Building Smoke Free YN: true
  • Building Laundry Features: Other
  • Building Pets Allowed: BuildingYes
  • Capital Reserves YN: false
  • Green Building YN: true
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: Yes
  • Percent Of Common Elements: .00%
  • Common Interest: None
  • New Construction: No
  • Structure Type: Townhouse
  • Property Condition: Fair
Interior and Exterior Features
Exterior Features
  • Basement: Other
  • Patio And Porch Features: None
Interior Features
  • Entry Level: 1
  • Fireplace: No
  • Floor Number: 1
  • Basement: No
  • Cooling: No
  • ElevatorsTotal: 0
  • Size Dimensions: 70.00x22.00
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Rental
Rental Information
  • Pets Allowed: UnitNo
  • Delivered Vacant: No
  • Attendance Type: None
  • Land Lease: No

Property History for 739 Pennsylvania Avenue

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

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

Schools near 739 Pennsylvania Avenue

This home is within Nyc Geog District #19 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 12
Public - 6 to 8
Rating
School
Distance
P.S. 213 New Lots
PublicPK to 5

Van Siclen Community Middle School
Public6 to 8

East New York Family Academy
Public6 to 12

Legacy School of the Arts
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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Similar Sold Homes

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739 Pennsylvania Avenue is a multi-family home for sale in East New York. This property was listed for sale on June 28, 2024 by Corcoran Group, it's currently listed at $1,150,000. This listing's school district is Nyc Geog District #19 - Brooklyn. Nearby schools include P.S. 213 New Lots, Van Siclen Community Middle School and East New York Family Academy. 739 Pennsylvania Avenue is a 11-bed, 7-bath, 4,725 sqft multi-family home built in 1930.

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 Corcoran Group

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