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The Harkov Lewis Team

Lic. R.E. Salesperson
Office:(212) 381-4246

Specializing in Luxury Residential Sales in Manhattan and Brooklyn


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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Halstead Property agent.

524 Midwood Street

,
Midwood,  Brooklyn, NY

Townhouse

Last Ask:  $830,000

Townhouse/Development Opportunity

The subject property is a two-story 20'x41' townhouse on a 100' deep lot with custom brick work and a huge backyard. It offers great potential for an investor looking to develop a high yield rental property or boutique condo or an end-user looking to purchase their own dream home in this exciting neighborhood. The zoning is R6, allowing 2.43 Residential FAR or 4,860sq.ft. of allowed usable floor area. For the end-user, the boiler is five years old and a new hot water heater was installed two years ago. The property is currently being used as a single family with three bedrooms, a living room and full bath over a kitchen, full bath, entertainment room, and mechanical room.

Prospect Lefferts Gardens is experiencing a renaissance with numerous new condo and rental projects, record-setting prices for single family townhouses, and a rapidly changing retail landscape. With proximity to Prospect Park and easy access to the 2 and 5 express trains to Manhattan, the location offers incredibly upside.

Recent Sales in Area*

06/22/2017 285 Empire Blvd $975,000

04/26/2017 199 Sullivan Pl $905,000

04/21/2016 2801 Bedford Ave $990,000

04/11/2016 21 Stoddard Pl $970,000

11/17/2015 214 Sullivan Pl $905,000

09/24/2015 273 Empire Blvd $850,000

* Recent sales in area is compiled by properties having the same bedroom count or same bathroom count, property type, location, and a similar price range. Sales history may include properties with varied amenities and conditions (views, layout, market timing and other significant variables). Contact agent for more details regarding this information.

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Property Details

Web #:16517341
Last Ask: $830,000
Real Estate Tax: $200.58
Property Type: Townhouse
Rooms: 6.0
Bedrooms: 3
Bathrooms: 2.0