Description

Investor Opportunity | Modern Three-Family with Parking | Prospect-Lefferts Gardens Modern three-family townhouse offering strong in-place income with significant upside. The property consists of two 3-bedroom, 2-bath apartments and one 2-bedroom, 2-bath apartment, plus private parking via a rare curb cut. Projected annual income: $156,000 Current annual income: $90,000 Low operating expenses, separate meters, and immediate cash flow make this an ideal long-term hold or 1031 exchange opportunity. Additional FAR provides potential for future expansion, and finishing the basement could further enhance returns. Units #2 and #3 have been upgraded with new kitchens and bathrooms. The basement includes individual storage rooms, washer/dryer, common bike storage, and direct access to the garden. Located just east of Nostrand Avenue, directly adjacent to the Prospect-Lefferts Gardens Historic District—an area experiencing continued demand, rising rents, and strong appreciation. Excellent subway and bus access along Nostrand Avenue, with proximity to Prospect Park, Brooklyn Botanic Garden, and Brooklyn Museum. Full building video and lease details available upon request.