689 Sackett St
Brooklyn, NY 11217
689 Sackett Street(Multifamily Redevelopment) · Multifamily Property For Sale · 3 Units

The building is completely vacant and primed for a condominium conversion. Average sale prices for Park Slope condos range from $1,300 - $1,500 per square foot. This building is one of the most unique properties in all of Brooklyn. It is a perfect opportunity to create tremendous value in the most attractive neighborhoods in New York. The lack of affordable homes in New York City has pushed the median price of properties on the market to new highs, particularly in Brooklyn. Home prices in the borough are quickly catching up to Manhattan, with the median recorded sale price rising 6.7 percent from the prior year, according to the Q1 2018 StreetEasy Market Reports. However, with large numbers of luxury homes continuing to flood the New York City sales market, overall home price growth as measured by the StreetEasy Price Indices remains modest. The Brooklyn neighborhoods of Carroll Gardens, Dumbo, Park Slope and Greenpoint were among the city’s ten most expensive in the first quarter of 2018, based on median sale price, eclipsing Manhattan neighborhoods such as the Upper East Side and the West Village. Park Slope was among the ten most expensive New York neighborhoods for the first time, with a median recorded sale price of $1,405,000 — higher than 19 of the 25 Manhattan neighborhoods..