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    119 Underhill Avenue

    BROOKLYN, NY 11238
    • $2,800,000
    • STATUS: Active
    • ON SITE: 438 Days
    • MLS #: 441241
    UPDATED: 45 min ago
    $2,800,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1931

    School Ratings & Info

    Description

    Excellent development site or great rental income opportunity in prime Prospect Heights! This rare offering comes with 2 parcels that are included in the sale, and incredible possibilities for the investor. Parcel 1 is offered for $2,800,000, with Parcel 2 available for only an additional $199,000, greatly expanding the potential. On Parcel #1 (Block 1153/Lot 1) sit 3 structures, on a spacious 5,100+/- square foot lot. The front building is comprised of a ground-floor commercial store with a residential apartment above. The current deli/grocery store has a 3-year lease that expires in 2023. The residential unit is occupied but does not have a lease, and features a living room, kitchen, 2 bedrooms and a full bath. The middle structure is a vacant 3-story single-family house with a rear yard, living room, dining room, kitchen and half bath on the 1st story, 5 bedrooms and a full bath on levels 2 and 3, plus a full unfinished basement. At the rear of the parcel is another vacant house, a 2-story single-family with a front yard, living room, kitchen and half bath on level 1, 2 bedrooms on the upper floor, and a full basement as well. R6B zoning and 2.0 FAR allow for 12,000+/- square feet of total buildable square footage which affords so many options! Parcel #2 (Block 1153/Lot 70) is a vacant lot, measuring 25' x 42'17" (1,000 +/- square feet). Another way of capitalizing on the valuable vacant lot would be expansion of the one-family home, or creating an incredible side-yard paradise. However the property is used, the location is outstanding. Minutes to the shops and eateries along Vanderbilt and Washington Avenues, and in close proximity to enchanting Prospect Park.

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    © 2021 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2021-10-17T23:00:18.807.
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    119 Underhill Avenue BROOKLYN, NY 11238

    • Price: $2,800,000
    • Status: Active
    • Updated: 45 min ago
    • MLS #: 441241
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1931
    Built
    Neighborhood:
    Brooklyn
    County:
    Kings (Brooklyn)
    Area:
    Prospect Heights
    Property Description
    Excellent development site or great rental income opportunity in prime Prospect Heights! This rare offering comes with 2 parcels that are included in the sale, and incredible possibilities for the investor. Parcel 1 is offered for $2,800,000, with Parcel 2 available for only an additional $199,000, greatly expanding the potential. On Parcel #1 (Block 1153/Lot 1) sit 3 structures, on a spacious 5,100+/- square foot lot. The front building is comprised of a ground-floor commercial store with a residential apartment above. The current deli/grocery store has a 3-year lease that expires in 2023. The residential unit is occupied but does not have a lease, and features a living room, kitchen, 2 bedrooms and a full bath. The middle structure is a vacant 3-story single-family house with a rear yard, living room, dining room, kitchen and half bath on the 1st story, 5 bedrooms and a full bath on levels 2 and 3, plus a full unfinished basement. At the rear of the parcel is another vacant house, a 2-story single-family with a front yard, living room, kitchen and half bath on level 1, 2 bedrooms on the upper floor, and a full basement as well. R6B zoning and 2.0 FAR allow for 12,000+/- square feet of total buildable square footage which affords so many options! Parcel #2 (Block 1153/Lot 70) is a vacant lot, measuring 25' x 42'17" (1,000 +/- square feet). Another way of capitalizing on the valuable vacant lot would be expansion of the one-family home, or creating an incredible side-yard paradise. However the property is used, the location is outstanding. Minutes to the shops and eateries along Vanderbilt and Washington Avenues, and in close proximity to enchanting Prospect Park.
    Exterior Features

    Commercial Features Exterior Other Construction Materials Other Exterior Siding Loading Docks None Lot Size Length 0 Lot Size Width 0 Parking Attributes None Parking Feature None Roof Flat Yard BackFrontSide

    Interior Features

    Basement Amenities FullUnfinished Commercial Features Interior Other Flooring HardwoodOther Foundation Details Other Heat Delivery Other Lavatories Other

    Property Features

    Block 1153 Commercial Condo 0 Construction Type Semi-Detached Cross Street Name Prospect Place Electric Circuit Breakers Financing 1031 ExchangeBank MortgageCash Heating Fuel Gas Hot Water Gas Lot Number 1 Lot Size Irregular YN 1 Number Of Families 2 Number Of Stores 1 Property Sub Type Mixed Use Property Type Mixed Use Sale Type Arm's Length Tax Amount 8148.00 Transaction Type Sale Zoning R6b

    Listing information © 2021 Brooklyn New York Multiple Listing Service, Inc.
    Listing provided courtesy of Century 21 Block & Lot R.E.


    © 2021 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2021-10-17T23:00:18.807.
     
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