872 Park Pl 10 Unit Apartment Building $2,500,000 ($250,000/Unit) Brooklyn, NY 11216
EXECUTIVE SUMMARY
Landmarked Renaissance Revival Row House in the Crown Heights North Historic District II.
Constructed in 1895 by Dahlander & Hedman, this 4 Story barrel front gem is in need of a complete renovation but there are still some period doors, mantles, woodwork and an original center staircase. Built 19.5 x 47 on a 135.58 lot and there are extensions in the cellar, garden & parlor levels that reach roughly 60 ft deep!
Seller plans to deliver the building with a Certificate of No Harassment which should allow buyer to change/convert use of the building to a Single Family, Two Family, etc... Another option is to keep current usage as 10 units and maximize the rent roll with the changing short term rental laws.
Located Between: Nostrand Ave & New York Ave
Block / Lot: 1241 / 21
Building Class: C3
Zoning: R6
Historic District: Crown Heights North Historic District II
Taxes: $11,148 +/-
Lot: 19.5 x 135.58
Lot SF: 2,491 SF +/-
Unused FAR: 2,400 SF +/-
Built 19.5 x 47 * extensions in cellar, garden & parlor levels
Estimated Interior SF
Cellar 979 SF +/-
Garden 1,081 SF +/-
Parlor 1,131 SF +/-
3rd Floor 910 SF +/-
4th Floor 910 SF +/-
Building SF: 4,034 SF +/- * not including cellar
Total Building SF: 5,013 SF +/-
Certificate of No Harassment (CONH) was granted and issued on August 15, 2005.
CONH expired and building currently has SRO status with 10 Class B Units.
Building has been vacant for 18 years.
CONH was refiled for and reissuance is anticipated soon.
Contact us for more information.
Constructed in 1895 by Dahlander & Hedman, this 4 Story barrel front gem is in need of a complete renovation but there are still some period doors, mantles, woodwork and an original center staircase. Built 19.5 x 47 on a 135.58 lot and there are extensions in the cellar, garden & parlor levels that reach roughly 60 ft deep!
Seller plans to deliver the building with a Certificate of No Harassment which should allow buyer to change/convert use of the building to a Single Family, Two Family, etc... Another option is to keep current usage as 10 units and maximize the rent roll with the changing short term rental laws.
Located Between: Nostrand Ave & New York Ave
Block / Lot: 1241 / 21
Building Class: C3
Zoning: R6
Historic District: Crown Heights North Historic District II
Taxes: $11,148 +/-
Lot: 19.5 x 135.58
Lot SF: 2,491 SF +/-
Unused FAR: 2,400 SF +/-
Built 19.5 x 47 * extensions in cellar, garden & parlor levels
Estimated Interior SF
Cellar 979 SF +/-
Garden 1,081 SF +/-
Parlor 1,131 SF +/-
3rd Floor 910 SF +/-
4th Floor 910 SF +/-
Building SF: 4,034 SF +/- * not including cellar
Total Building SF: 5,013 SF +/-
Certificate of No Harassment (CONH) was granted and issued on August 15, 2005.
CONH expired and building currently has SRO status with 10 Class B Units.
Building has been vacant for 18 years.
CONH was refiled for and reissuance is anticipated soon.
Contact us for more information.
PROPERTY FACTS
| Price | $2,500,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,013 SF |
| No. Stories | 4 |
| Year Built | 1895 |
1 of 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 01241-0021 | Improvements Assessment | $317,250 |
| Land Assessment | $87,300 | Total Assessment | $404,550 |
ZONING
| Zoning Code | R6 (R6 - Medium density residential district) |
