897 Park PL Brooklyn, NY 11216
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Subdivision Crown Heights
MLS Listing ID 965803
Rental Info No
Year Built 1915
Annual Tax Amount $6,958
Lot Size 3,763 Sqft
Acres 0.0864
Property Sub-Type Quadruplex
Source onekey2
Property Description
The property offers multiple value-add strategies through renovation, repositioning, rental optimization, or long-term hold. The building spans five levels. There is space to park a vehicle in the front yard (subject to DOB approval), plus an unattached side exposure that allows for additional natural light along one side of the building. A rear extension was previously added, expanding the total square footage and increasing the functional area within the property.
The asset benefits from excellent transit accessibility, located near the 2/3/4/5 subway lines, the A/C trains, and just minutes to Franklin Avenue. It is surrounded by a plethora of restaurants, bars, coffee shops, laundry facilities, and neighborhood amenities, and is a short walk to Prospect Park, Brooklyn Botanic Garden, and the Brooklyn Museum.
With comparable properties demonstrating strong resale and rental performance, this property offers both income potential and long-term growth. Perfect for seasoned investors, 1031 exchange buyers, developers, or owner-occupants looking to add value through thoughtful design and renovation to capitalize on Brooklyn's ongoing market strength.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Full
Interior
Interior Features Other
Heating Natural Gas, Other
Cooling None
Fireplace No
Exterior
Parking Features Carport
Utilities Available Electricity Connected
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Brownstone
Others
Senior Community No
Special Listing Condition None
NEARBY SCHOOL & BUSINESS
Salmon Real Estate has been selling residential homes and commercial property on Staten Island since 1956, making us the oldest independent real estate firm on Staten Island.
Our invaluable experience and resources means your needs are our priority. Salmon’s hands-on, team approach means we treat your real estate transaction as if it were our own: personally, professionally, and with over a half-century of know-how.
If you're interested in this listing and would like to learn more, just drop us your name info here and we'll get straight back with you to discuss it. We look forward to speaking with you.