365 Rutland RdBrooklyn, NY 11225

Property Details for 365 Rutland Rd

Property type

Mixed-use properties

Description

This exceptional mixed-use property at 365 Rutland Road, Brooklyn, NY 11225, presents a compelling investment opportunity. The 40' x 100' lot, zoned R6, is situated on a 60' wide street and houses a well-maintained four-family building. Each of the three-bedroom, one-bathroom units benefits from recent upgrades; two units have undergone recent renovations. Significant building improvements have been completed within the last few years, including a complete rewiring (2018), boiler replacement (2020), and a new roof (2018). The property's strategic location offers substantial development potential. Under the Universal Affordability Preference, the site can accommodate a 15,600 sq ft residential building. Alternatively, developers can construct an 8,800 sq ft market-rate condominium building. Conveniently located between New York Avenue and Nostrand Avenue, the property is approximately 0.4 miles from the Sterling Street and 0.3 miles from the Winthrop Street 2/5 subway stops, providing excellent access to public transportation. Offered at $2,000,000, this property is ideal for both investors seeking strong cash flow and developers envisioning a significant new construction project. The meticulous maintenance and recent upgrades ensure immediate return on investment, while the zoning and location provide a clear path to future growth.

Location Insight

City

Brooklyn

County

36047

State

New York

Latitude

40.6597

Longitude

-73.9487

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