442 Cleveland Street
442 Cleveland Street
$999,000
8
4
3,108
3,108
$321
Sold 7/31/23
Description
Delivered vacant Welcome to 442 Cleveland, a great investment property new to the East New York market. Located between Glenmore and Pitkin Avenues, this legal three-family home offers 8 bedrooms, 4 bathrooms with marble floors, a spacious basement with a prebuilt office and a private backyard. Each floor-through apartment is complete with oversized bedrooms that bring in an abundance of natural light and a plethora of storage space. These units feature a South-facing eat-in kitchen with extra-large...Delivered vacant Welcome to 442 Cleveland, a great investment property new to the East New York market. Located between Glenmore and Pitkin Avenues, this legal three-family home offers 8 bedrooms, 4 bathrooms with marble floors, a spacious basement with a prebuilt office and a private backyard. Each floor-through apartment is complete with oversized bedrooms that bring in an abundance of natural light and a plethora of storage space. These units feature a South-facing eat-in kitchen with extra-large windows, wooden cabinetry and classic tile floors. 442 Cleveland is a true dream multifamily investment. It is surrounded by a plethora of trains including the C, J and Z lines which offer a 40-50 minute commute into Manhattan, some of Brooklyn's hotspots including Rico Chimi, La Gran Nagua Bakery and El Ambiente to name a few. Over the last few years, there have been a number of changes in the neighborhood including the expansion of Gateway Center Mall which has become a shopping staple for local residents, the Amazon warehouse boom in which the tech giant is serving as storage facility for consumer goods and offering jobs to the thriving East New York community. Additionally over the next few years there are several reconstruction and development plans in place for 58 new rental buildings in East New York specifically. According to the Mayor's plan, East New York will turn into a Brooklyn metropolis filled with mixed-use buildings and an abundance of finer retail properties. With this in mind, investors have already solidified purchasing property in East New York as a great investment for 2023. This property was built in 1901, purchased by the current owners in 1995 and since then has seen a number of changes, but at this time this gem wishes to be paired with a new investor that enjoys East New York, loves renovating and wishes to turn this neighborhood gem into the Brooklyn beauty it should be. According to Property Shark, there is 3,083 unused FAR available, contact your architect as to what may be added. This property is located in an Opportunity Zone which offers you huge tax benefits in the long run. Schedule an in-person tour today!
Property Details for 442 Cleveland Street
Township
Brooklyn
Architectural StyleContemporary
Garage Spaces0.0
Location
LISTING UPDATED: 07/31/2023 07:27 PM
Property Details for 442 Cleveland Street
Status | Sold |
---|---|
MLS ID | H6226569 |
Days on Market | 84 |
Taxes | $2,357 / year |
Maintenance | - |
Min. Down Pymt | - |
Total Rooms | - |
Compass Type | Townhouse |
MLS Type | House/Building |
Year Built | 1901 |
Lot Size | 1,550 SF / 20' x 78' |
County | Kings County |
Building
Location
Building Information for 442 Cleveland Street
Stories3Residences3Year Built1901Building Size20' x 55'Building Sq. Ft3,300 SFLot Size1,550 SF / 20' x 78'Building Age-Building Type-
Payment Calculator
$5,648 per month
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Property Information for 442 Cleveland Street
Property History for 442 Cleveland Street
Date | Event & Source | Price | Appreciation | Link |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 442 Cleveland Street
Taxable ValueLand$7,740Additions$50,520Total$58,260
Home Facts
Total Finished SqFt3,108 SqFtLot Size1,550 SqFtYear Built1901ZoningR7AAPN3040000128
Schools near 442 Cleveland Street
This home is within Nyc Geog District #19 - Brooklyn.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
P.S. 158 Warwick PublicPK to 5 | ||
Vista Academy Public6 to 8 | ||
Liberty Avenue Middle School Public6 to 8 |
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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