296 East 92nd Street,
Brooklyn,
NY
11212
Please note that the above-referenced price reflects the Starting Bid Price for the property, which is being marketed for sale by luxury private auction. Online bidding will take place November 19-21. Bids can be submitted prior to the auction event. Seller reserves the right to accept or reject bids. 6% Buyer's Premium. Additional terms apply. Please visit Paramount Realty USA's website for more details.
This two-story, four-unit apartment building presents a prime, value-add investment opportunity. Built in 1931 and renovated in 2014, the property consists of three spacious 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. At 22' wide and 80' long, this approx. 5,610 square foot property offers an additional 1,680 square feet of unused FAR to create additional upside value. All units are currently occupied. This building offers access to a private backyard from the walk-out basement, with tenants responsible for their own heat, gas, and electricity. Located in East Flatbush, a vibrant and diverse neighborhood in Brooklyn, this area is known for its rich cultural history and strong sense of community. It offers a blend of residential charm and urban conveniences, with a variety of local shops, restaurants, and parks. East Flatbush is well-connected by public transportation, including the 3 subway and the B7, B17, and B47 bus lines, providing access to other parts of Brooklyn and Manhattan. Setup available upon request. The property is being sold as-is. Please note that no interior access is available prior to the sale, and the sale is subject to an ongoing auction.
