Building & Unit Features
Common Outdoor Space
Brand New Investment Property Historic Redevelopment Great Investment Opportunity in one of the fastest growing rental markets. Dean st is a beautiful tree lined block with tremendous architectural character. 1137 Dean st is filed as a 5 family TH and is 90% complete, being sold "as is". The building is approx 3,700 with a large backyard. The plans are for a garden level duplex with rec room and huge backyard, 2 br/2.5 bths, a Parlor level 2 br/1 bth + terrace, 2nd floor 3 br/1, 3rd fl 1 br/1 bth, and 3/4th floor duplex 2 br/2 bth + 2 terraces, and the building has a common roofdeck. The current architect projects approx 3 months to complete and get C/O. Potential income of $178,000, all Free Market apartments and the whole building has been renovated, including all systems which have been sub-metered, and each unit has it's own hot water heater.
Prime Crown Heights location, just 2 blocks from 1000 Dean and Bergen Beer Hall and all of Franklin & Nostrand Ave retail and restaurants. 2 blocks from A/C subway, and just a few more to the 2/3 & 4/5 trains. The area is only getting better, don't miss out on this great investment opportunity.