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649 Pine St 2 Unit Apartment Building For Sale Brooklyn, NY 11208
Investment Highlights
- Two-story two-family building in the East New York neighborhood of Brooklyn.
- Property benefits from efficient lot dimensions and strong redevelopment potential.
- Conveniently located near the New Lots Avenue Station (IRT New Lots Line) and Pennsylvania Avenue Station (3 train), providing direct access to Downto
Executive Summary
Asset CRG Advisors, LLC has been exclusively retained to market 649 Pine St., a two-story, two-family building located in the East New York neighborhood of Brooklyn. The property sits on a 2,000 square foot lot with a two-story brick/masonry building that will be delivered vacant and in need of a full gut renovation, offering significant flexibility for repositioning, expansion, or redevelopment.
Zoned R5, allowing for approximately 3,000 buildable SF as-of-right and approximately 1,400 SF of unused FAR, offering additional value through potential transfer to neighboring lots. The property features efficient lot dimensions and strong redevelopment potential in a neighborhood experiencing continued public and private investment and growth.
Zoned R5, allowing for approximately 3,000 buildable SF as-of-right and approximately 1,400 SF of unused FAR, offering additional value through potential transfer to neighboring lots. The property features efficient lot dimensions and strong redevelopment potential in a neighborhood experiencing continued public and private investment and growth.
Property Facts
| Sale Type | Investment | Lot Size | 0.05 AC |
| No. Units | 2 | Building Size | 1,600 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1940 |
| Building Class | C | ||
| Zoning | R5 - Medium density district with a height limit of 40 feet | ||
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 1,600 SF |
| No. Stories | 2 |
| Year Built | 1940 |
| Zoning | R5 - Medium density district with a height limit of 40 feet |
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Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 04462-0049 | Improvements Assessment | $29,100 |
| Land Assessment | $10,080 | Total Assessment | $39,180 |
Property Taxes
Parcel Number
04462-0049
Land Assessment
$10,080
Improvements Assessment
$29,100
Total Assessment
$39,180
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