Buy with Yoreevo
$1,138,500
List Price: $1,150,000
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739 Pennsylvania Avenue
Townhouse in East New York •  building info
11bd • 7ba • 4,725ft² $243 per ft²
Buy with Yoreevo

$1,138,500

List Price

$1,150,000

Key Details
Days on market
125
Last price change
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Estimated payment
$7,468
Taxes
$1,263
Monthly maintenance
N/A
Description
For sale for the first time in 41 years, seize this rare investment opportunity to invest in East New York, Brooklyn with the purchase of739 Pennsylvania Avenue, a (6) six-unit, rent-stabilized building. This impressive brick property spans 22.5' x 70' on a generous 30' x 95' lot and provides immediate substantial returns and upside potential. For both seasoned investors and those looking to enter the real estate market, this is a standout addition to any real estate portfolio with maximum benefits from the area's ongoing development and revitalization projects.739 Pennsylvania Avenue features a diverse mix of rent-stabilized units:- (1) Studio Apt Occupied- (4) Two-Bedroom Apts (3) Vacant- (1) Three-Bedroom Apt Vacant A finished basement adds valuable space, while the shared driveway and outdoor space enhance convenience and livability for tenants. Neighborhood amenities include Linden Park and Playground, perfect for outdoor activities and relaxation. Nearby essentials include a laundromat, Self Storage facilities, Mobil and BP gas stations, and popular spots like Dunkin' and Bravo Supermarkets. The area also offers a range of beauty and grooming services, as well as automotive care. Excellent connectivity with the 3 Train at Pennsylvania Avenue Station and the B20 Bus, ensuring smooth commutes and accessibility. 739 Pennsylvania Avenue is a remarkable opportunity for investors looking to capitalize on a high-demand area with a blend of occupied and vacant units, ensuring both immediate revenue and growth potential in a strategic location. Don't miss out on owning this versatile and promising property! Contact us today to schedule a viewing and explore the possibilities this property holds for your investment portfolio.

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Building Amenities
Parking Available
Building info

History
What it'll cost
Purchase price
$1,150,000
Asking Price: $1,150,000
Term
30 Years
Down Payment
$115,000 (10%)
Min: 10% (115,000)
Rate
6.0 %
Mortgage Amount
$1,035,000
Mortgage Payment
$6,205
Taxes
$1,263
Estimated Yoreevo rebate
$11,500
Estimated closing cost
$42,000
Total monthly cost $7,468
Buy your dream home with us and get an estimated $11,500 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Corcoran Group

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