248 New York Avenue, Unit 8

248 New York Avenue, Unit 8

248 New York Ave
Crown Heights

$1,300,000
Price
18
Beds
8
Baths
7,984 Sq. Ft.
$163 / Sq. Ft.
7,984
Sq. Ft.
$163
per Sq. Ft.

Description

Just listed in the heart of CROWN HEIGHTS! Is this eight-unit, rent-stabilized building is a rare find in the highly sought-after Crown Heights neighborhood, making it an excellent investment opportunity for those looking for a solid cash-flowing property. The building features two apartments per floor, each with two bedrooms, high ceilings, and some updated kitchens with stainless-steel appliances and stone countertops, as well as historic charm throughout. At closing, there will be two or possibility...Just listed in the heart of CROWN HEIGHTS! Is this eight-unit, rent-stabilized building is a rare find in the highly sought-after Crown Heights neighborhood, making it an excellent investment opportunity for those looking for a solid cash-flowing property. The building features two apartments per floor, each with two bedrooms, high ceilings, and some updated kitchens with stainless-steel appliances and stone countertops, as well as historic charm throughout. At closing, there will be two or possibility three vacant units, offering immediate rental income potential. The first floor includes an owner's apartment with four bedrooms and a one-bedroom apartment, providing the option to live in one unit and rent out the others to cover the mortgage. The building's new boiler and expansive basement level, which can be converted into a laundry facility, recreational room, or storage space, add further value. While the flat roof will need replacement, the interior damage is minor and cosmetic. Located on a tree-lined block, this property is in a prime location for commuting to local attractions such as the Brooklyn Children's Museum, Brooklyn Botanic Garden, and Prospect Park. The area also boasts countless dining and shopping options along Nostrand Ave, with convenient access to transportation via the B44/45 bus stops across the street and the 2/3/4 subway lines just a few blocks away. Overall, this Brooklyn gem presents an exciting opportunity for investors or owner-occupiers seeking a profitable and convenient investment in one of Brooklyn's most sought-after neighborhoods. The seller is not able to provide the most updated DHCR paper work.
  1. Listed by Adargisa Cruz-Medina • RE/MAX Real Estate Professiona • Other

Amenities

  • High Ceilings
  • Walk Up
  • Basement
  • Private Outdoor Space
  • Parking Included
  • Lowrise
  • Laundry

Location

Listing Courtesy of RE/MAX Real Estate Professiona
Add your commute
LISTING UPDATED: 04/25/2024 02:51 PM

Property Details for 248 New York Avenue, Unit 8

StatusActive
MLS ID473490
Days on Market372
Taxes$15,469 / year
Maintenance-
Min. Down Pymt-
Total Rooms40.0
Compass TypeMulti Family
MLS TypeResidential
Year Built1905
Lot Size3,000 SF / 30' x 100'
CountyKings County

Building

248 New York Ave

8 Units4 StoriesBuilt in 1905

Location

Listing Courtesy of RE/MAX Real Estate Professiona
Add your commute

Building Information for 248 New York Avenue, Unit 8

Stories4Residences8Year Built1905Building Size30' x 80'Building Sq. Ft9,600 SFLot Size3,000 SF / 30' x 100'Building Age-Building Type-

Payment Calculator

$8,384 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,095

Property Taxes

$1,289

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 248 New York Avenue, Unit 8

Summary
Location and General Information
  • Block: 1248
  • Cross Street Name: Sterling Pl
  • Cross Street Name: St Johns Pl
  • Zoning: R6
  • Roof: Flat, Rubber
  • Residential Features: Refrigerator, Stove
Parking
  • Parking Attributes: Other
  • Parking Feature Single: Street
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 15469.0
Property
Lot Information
  • Sq Ft Total: 7984
  • Yard: Back
  • Lot Number: 76
  • Lot Size Irregular YN: No
  • Lot Size Length: 100
  • Lot Size Width: 30
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • AC Units: 0
  • Hot Water: Gas
Interior and Exterior Features
Interior Features
  • Basement Amenities: Full
  • Baths Three Quarter: 0.0
  • Baths Total Level 1: 2
  • Baths Total Level: 2
  • Foundation Details: Poured Concrete
  • Flooring: Hardwood, Tile
  • Unit Count: 8
  • Building Amenities: NONE
  • Unit Number: 8
  • Style: Other
  • Construction Materials: Brick
  • Electric: 220 V
  • Baths Total Level: 2
Exterior Features
  • Exterior: Brick
  • Handicap Access YNU: No
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 2400.0
  • Building Length: 80.0
  • Building Type: Attached
  • Building Width: 30.0
Unit 1
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 4
  • Unit Category: Apt
  • Unit Floor: 2R
  • Unit Rooms Total: 7
  • Unit Status: Owner Occupied
  • Unit Unit Type: 4+ Bedrooms
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Floor: 1L
  • Unit Rooms Total: 3
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: 3L
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 4
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: 4R
  • Unit Rooms Total: true
  • Unit Status: Vacant
  • Unit Unit Type: 2 Bedrooms
Unit 5
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: 5L
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 6
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: 6R
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 7
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: 7L
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 8
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: 8R
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Owner Occupied: No

Property History for 248 New York Avenue, Unit 8

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 248 New York Avenue, Unit 8

Taxable ValueLand$11,250Additions$692,100Total$703,350
Home Facts
Total Finished SqFt7,984 SqFtLot Size3,000 SqFtYear Built1905ZoningR6APN3012480076

Schools near 248 New York Avenue, Unit 8

This home is within Nyc Geog District #17 - Brooklyn.
Rating
School
Type
Grades
Distance
P.S. 138
Public - PK to 8
Medgar Evers College Preparatory School
Public - 6 to 12
The School Of Integrated Learning
Public - 6 to 8
W E B Dubois Academic High School
Public - 9 to 12
Rating
School
Distance
P.S. 138
PublicPK to 8

Medgar Evers College Preparatory School
Public6 to 12

The School Of Integrated Learning
Public6 to 8

W E B Dubois Academic High School
Public9 to 12

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.

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More information about 248 New York Avenue, Unit 8, Crown Heights

248 New York Avenue, Unit 8 is a multi-family home for sale in Crown Heights. This property was listed for sale on April 24, 2023 by RE/MAX Real Estate Professiona, it's currently listed at $1,300,000. This listing's school district is Nyc Geog District #17 - Brooklyn. Nearby schools include P.S. 138, Medgar Evers College Preparatory School and The School Of Integrated Learning. 248 New York Avenue, Unit 8 is a 18-bed, 8-bath, 7,984 sqft multi-family home built in 1905.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Real Estate Professiona

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.