Summary: Prime development site consisting of two properties on the corner of Washington Ave & Dean St , The site consists of 8,577 buildable square feet, and has proposed plans for 12 units consisting of 4 studios, 2 one bedroom, 4 two bedroom, 1 commercial unit, and 1 community facility. Asking price is set at $3,100,000. The price per buildable square foot for these properties is $378.92.
Prime Location: These development properties in Prospect Heights, Brooklyn, present a prime investment opportunity. Prospect Heights is well-known for its historic charm, cultural vibrancy, and it's convenient location near downtown Brooklyn and Manhattan, making it an enticing choice for residents and savvy investors alike.
Appreciation Potential: In recent years, property values in Prospect Heights have shown remarkable appreciation. Embarking on this project presents a valuable opportunity to align with the neighborhood's thriving growth and the rising demand for premium housing solutions.
Excellent Connectivity: Situated in Prospect Heights, these properties offer excellent connectivity to subway access, simplifying residents' commutes to Manhattan and various Brooklyn destinations. Convenient transportation options, such as the Sutter Clinton-Washington Avs [A,C] Subway Station (0.27 miles) and the Park Place [S] Subway Station (0.41 miles), are available. If you prefer to take the train, Atlantic Terminal is also accessible within the vicinity. These factors further enhance the properties' appeal, making them an attractive option for potential tenants or buyers. This prime location amplifies the properties' desirability and market potential.
Proximity to Amenities: Residents will enjoy easy access to local amenities, including shops, restaurants, parks, and colleges. These properties are located near St. Joseph's College (0.82 miles), Medgar Evers College (CUNY) (0.93 miles), and Long Island University (1.24 miles) away from the property. Enjoy leisure at Prospect Park and the Lincoln Terrace / Arthur S. Somers Park. When it comes to everyday needs, near these properties, you'll find Leland Eating and Drinking House, Chase Bank, The Pink Salon, and the popular dining option McDonald's nearby. Gyms are also close by, including Blink Fitness and Tabata Ultimate Fitness, both of which support a healthy lifestyle. For entertainment, the Brooklyn Museum is also located near the properties. These properties offer a well-rounded lifestyle, with education, recreation, and everyday conveniences right at your doorstep, making them an attractive choice for buyers.
Sadya Liberow
Asset CRG Advisors LLC
