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196-198 Buffalo Ave
Brooklyn, NY 11213
Multifamily Property For Sale
·
13 Units
PROPERTY FACTS
| No. Units | 13 | Lot Size | 0.11 AC |
| Property Type | Multifamily | Building Size | 8,800 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1910 |
| Building Class | C | ||
| Zoning | R6 - Dense Residential | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 8,800 SF |
| No. Stories | 2 |
| Year Built | 1910 |
| Zoning | R6 - Dense Residential |
AMENITIES
UNIT AMENITIES
- Heating
ABOUT 196-198 BUFFALO AVE , BROOKLYN, NY 11213
Marcus & Millichap is pleased to offer the following opportunity located in the Crown Heights section of Brooklyn, New York. 198 Buffalo Avenue is located between Prospect Place & Park Place and contains a gross square footage of 8,800 SF. The building is built on 50-foot by 100 foot lot (Block: 1368 Lot: 51). The property is zoned R-6.With just over 3,350 SF of air rights still available as of right and 50 feet of frontage with and existing 13 units, the building has incredible upside potential. (There is a possibility of a potential 7,000 + SF of air rights to purchase from adjacent tax lots) that will allow to add another four to six units above, and use the extra space you have in the basement to convert the apartments in the back with a duplex down conversion style. The property will benefit from J-51 after all the renovations are applied.
PROPERTY TAXES
| Parcel Number | 01368-0051 | Improvements Assessment | $331,650 |
| Land Assessment | $56,250 | Total Assessment | $387,900 |
PROPERTY TAXES
