For Sale
$1,350,000

71 George St Brooklyn, NY 11206

Prime location, vacant, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional East Williamsburg investment opportunity presents a charming three-story brick two-family home built in 2003. Boasting 2,502 square feet of living space, this property includes two units: a three-bedroom, two-bathroom triplex with a kitchen island, washer/dryer, and walk-in closet; and a two-bedroom, one-bathroom unit. Both units feature updated bathrooms, recessed lighting, hardwood floors, and stainless steel appliances. Adding to its appeal is a 1,200 square foot backyard, an 800 square foot finished basement with 9-foot ceilings, and significant potential for expansion with 1,972 square feet of available air rights. The property also features gas heating, a new water boiler, and a two-car driveway. Situated on a 20.33 x 100 foot lot (building dimensions: 20.33 x 41 feet), it's zoned R6 with a FAR of 1.23 and a maximum FAR of 2.43. Annual property taxes are $7,486. Conveniently located near the Morgan Avenue L train and Myrtle Avenue M, J, and Z train stations, as well as Maria Hernandez Park and numerous shops, restaurants, and bars, this property is currently delivered vacant and presents a compelling value-add opportunity for the discerning investor. The property is being sold "as is."

Highlights

  • Charming brick two-family home with a two-car driveway in prime East Williamsburg.
  • Move-in ready, three-story brick building (2003 construction) offering 2,502 square feet of living space, a 1,200-square-foot backyard, an 800-square-foot finished basement with 9-foot ceilings, and 1,972 square feet of air rights.
  • Unit 1: Three-bedroom, two-bathroom triplex with kitchen island, washer/dryer, and walk-in closet. Unit 2: Two-bedroom, one-bathroom. Both units feature recessed lighting, hardwood floors, stainless steel appliances, and renovated bathrooms.
  • Features gas heating, a new water boiler, and is being sold as-is. Conveniently located near public transportation and amenities.
  • 20.33 x 100-foot lot; 20.33 x 41-foot building; R6 zoning; FAR 1.23; Max FAR 2.43; Annual taxes: $7,486.

Property Details for 71 George St

Property type
Commercial real estate
Square Feet
2,502 SF
Year Built
2003
Buildings
1
Stories
3
Units
2

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.702151545649
Longitude
-73.930768239514

FAQs

What type of property is this?
Commercial real estate - Prime location, vacant, high potential.
Where is the commercial real estate located?
The property is located at 71 George St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Charming brick two-family home with a two-car driveway in prime East Williamsburg.; Move-in ready, three-story brick building (2003 construction) offering 2,502 square feet of living space, a 1,200-square-foot backyard, an 800-square-foot finished basement with 9-foot ceilings, and 1,972 square feet of air rights.; Unit 1: Three-bedroom, two-bathroom triplex with kitchen island, washer/dryer, and walk-in closet. Unit 2: Two-bedroom, one-bathroom. Both units feature recessed lighting, hardwood floors, stainless steel appliances, and renovated bathrooms.
How can I contact the broker?
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71 George St
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