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524 Midwood Street, Midwood, Brooklyn, NY, 11225, $899,000, Sold Property, Halstead Real Estate, Photo 1
524 Midwood Street, Midwood, Brooklyn, NY, 11225, $899,000, Sold Property, Halstead Real Estate, Photo 2
524 Midwood Street, Midwood, Brooklyn, NY, 11225, $899,000, Sold Property, Halstead Real Estate, Photo 3
524 Midwood Street, Midwood, Brooklyn, NY, 11225, $899,000, Sold Property, Halstead Real Estate, Photo 4
524 Midwood Street, Midwood, Brooklyn, NY, 11225, $899,000, Sold Property, Halstead Real Estate, Photo 5
524 Midwood Street, Midwood, Brooklyn, NY, 11225, $899,000, Sold Property, Halstead Real Estate, Photo 6
524 Midwood Street, Midwood, Brooklyn, NY, 11225, $899,000, Sold Property, Halstead Real Estate, Photo 7
524 Midwood Street, Midwood, Brooklyn, NY, 11225, $899,000, Sold Property, Halstead Real Estate, Photo 8
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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.

Property Press Mentions
Marc Schaeffer, Halstead Real Estate

Contact Agent
Marc Schaeffer
Lic. R.E. Salesperson
Tel: (212) 381-4250
Cell: (917) 885-9698
mschaeffer@halstead.com

Ari Harkov, Halstead Real Estate

Contact Agent
Ari Harkov
Lic. Assoc. R.E. Broker
Tel: (212) 381-4246
aharkov@halstead.com

Warner Lewis, Halstead Real Estate

Contact Agent
Warner Lewis
Lic. Assoc. R.E. Broker
Tel: (212) 381-6590
wlewis@halstead.com

The Harkov Lewis Team, Halstead Real Estate

Contact Agent
The Harkov Lewis Team
Lic. Assoc. R.E. Broker
Tel: (212) 381-4246
harkovlewis@halstead.com

Property Details

Web #: 16517341
Last Ask: $899,000
Location: Midwood, Brooklyn, NY
Real Estate Tax: $200.58
Property Type: Townhouse
Rooms: 6.0
Bedrooms: 3
Bathrooms: 2.0

Features