950 Bergen ST Active Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11216
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY815381
Year Built 1931
Annual Tax Amount $34,882
Property Sub-Type Multi Family
Property Description
“The Crown” – A Premier Investment Opportunity in Crown Heights
Nestled in the vibrant heart of Crown Heights, “The Crown” is an extraordinary pre-war, 20-unit building that seamlessly blends classic charm with modern updates. Situated on a 52x100 lot with a total interior square footage of 14,457 sq. ft., the property offers ample space and functionality, making it a rare gem in the neighborhood. Zoned R7A with a C2-4 commercial overlay, it presents significant potential for future development or mixed-use possibilities.
This building features a mix of 6 free-market units and rent-stabilized apartments, with each unit offering breathtaking rooftop skyline views of the city. Designed with accessibility and convenience in mind, it boasts handicap accessibility, exceptional cleanliness, and a prime location near public transportation, diverse dining options, and health-focused supermarkets.
Located just 20 minutes from Manhattan, “The Crown” is ideally positioned to attract both residents and investors. The property currently generates a 6% rent cap, providing a stable and attractive rental income stream.
Whether you're seeking an income-producing asset or exploring the potential for further development, “The Crown” is a rare and unparalleled investment opportunity in one of Brooklyn's most dynamic neighborhoods.
Location
State NY
County Kings (brooklyn)
Interior
Heating Other
Cooling None
Flooring Ceramic Tile,Concrete
Exterior
Parking Features On Street
Utilities Available None
View City,Skyline
Building
Lot Description See Remarks
Story 5
Sewer None
Water None
Structure Type Other
Others
Special Listing Condition None