649 Pine St - Apartments FOR SALE


Brooklyn, NY 11208- East New York
$750,000 USD
649 Pine St, Brooklyn, NY for Sale
$750,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

649 Pine St
Brooklyn, NY 11208
East New York


HIGHLIGHTS

  • Two-story two-family building in the East New York neighborhood of Brooklyn.
  • Conveniently located near the New Lots Avenue Station (IRT New Lots Line) and Pennsylvania Avenue Station (3 train), providing direct access to Downto
  • Property will be delivered vacant.

OVERVIEW

Asset CRG Advisors, LLC has been exclusively retained to market 649 Pine St., a two-story, two-family building located in the East New York neighborhood of Brooklyn. The property sits on a 2,000 square foot lot with a two-story brick/masonry building that will be delivered vacant and in need of a full gut renovation, offering significant flexibility for repositioning, expansion, or redevelopment. Zoned R5, allowing for approximately 3,000 buildable SF as-of-right and approximately 1,400 SF of unused FAR, offering additional value through potential transfer to neighboring lots. The property features efficient lot dimensions and strong redevelopment potential in a neighborhood experiencing continued public and private investment and growth.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$469 USD /SF

# OF UNITS

2

PRICE/UNIT

$375,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R5

APN/PARCEL ID

04462-0049

ASK ABOUT THIS PROPERTY

Sadya LiberowAsset CRG Advisors LLCMore Info

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