ML# :815381 “The Crown†– A Premier Investment Opportunity in Crown HeightsNestled in the vibrant heart of Crown Heights, “The Crown†is an extraordinary pre-war, 20-unit building that seamlessly blends classic charm with modern updates. Situated on a 52x100 lot with a total interior square footage of 14, 457 sq. ft., the property offers ample space and functionality, making it a rare gem in the neighborhood. Zoned R7A with a C2-4 commercial overlay, it presents significant potential for future development or mixed-use possibilities.This building features a mix of 6 free-market units and rent-stabilized apartments, with each unit offering breathtaking rooftop skyline views of the city. Designed with accessibility and convenience in mind, it boasts handicap accessibility, exceptional cleanliness, and a prime location near public transportation, diverse dining options, and health-focused supermarkets.Located just 20 minutes from Manhattan, “The Crown†is ideally positioned to attract both residents and investors. The property currently generates a 6% rent cap, providing a stable and attractive rental income stream.Whether you’re seeking an income-producing asset or exploring the potential for further development, “The Crown†is a rare and unparalleled investment opportunity in one of Brooklyn’s most dynamic neighborhoods.
950 Bergen Street, Brooklyn, NY, 11216