$1,599,000 / 8br - 4800ft2 - Occupied 4 family on 25/150 lot R7A (Midwood)

A Value-Add property: Located on Ocean Avenue in Midwood, close to the Q subway and not too far from a Mt Sinai facility & The Brooklyn College. It is a legal 4 family house, no rent control or rent stabilized. It is a semi-detached Brick building, 2 story high, with an additional finished basement. The lot is 25/150, mostly R7A (the last 25 foot is R2) and the current building size is about 20/82. A similar building on a similar lot was developed in 2014 into a 9,770 sqft 12 unit property. The house is currently fully occupied with paying tenants (free market but low rent) and is selling as-is, fully occupied. Please call Jay for showing -check this link for info & a video about this MANY OTHERS: https://www.brownstoneking.com/ocean-ave-4family-potential-development ***Many more Limestone, Brownstone, Brick, Stucco, and Frame buildings are available in Midwood, Kensington, Madison, Homecrest, Borough Park, Boro Park, Bensonhurst, Sheepshead Bay, Ocean Parkway, Mapleton, Sunset Park, South Park Slope, Sunset Park, Windsor Terrace, Gowanus, Bushwick, East Williamsburg, Greenpoint, Crown Heights, Prospect Lefferts Gardens, Prospect Heights, Clinton Hill, Midwood, Fort Greene, PLG, Windsor Terrace, Park Slope, East Flatbush, Old Mill Basin, Flatlands, E New York, Bedstuy, Cypress Hills, Ocean Hill, East NY, Bedford Stuyvesant, E. Flatbush, Canarsie, Weeksville, Brownsville, 11210, 11204, 11219, 11229, 11235, 11215, 11217, 11232, 11236, 11234, 11218, 11226, 11205, 11221, 11233, 11216, 11238, 11213, 11207, 11206, 11222, 11211, 11225, and other parts of Brooklyn & Queens.