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Listing Courtesy of POLJAN PROPERTIES INC
$ 3,500,000
Est. payment /mo
Active
1022 CORTELYOU Road #BUILDING Brooklyn, NY 11218
5 Beds
3 Baths
3,600 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $972
Subdivision Ditmas Park
MLS Listing ID RLS11030391
Style Walk-Up
Bedrooms 5
Full Baths 2
Half Baths 1
HOA Y/N Yes
Year Built 1930
Property Sub-Type Triplex
Property Description
Prime Mixed-Use Investment Opportunity in Ditmas Park! 1022 Cortelyou Road, is a meticulously renovated mixed-use building, offering a rare combination of income-producing commercial and residential spaces. This 3,600 square foot property includes additional buildable FAR of 4,214 square feet, making it a perfect opportunity for investors, developers, or end-users seeking flexibility and growth potential. Commercial space could be delivered vacant. Property Highlights: Ground floor: Home to Lea's, a beloved local restaurant. Basement: Rented by a bakery. Shed: Additional storage. 2nd floor: A spacious 2-bedroom apartment with a private terrace. 3rd floor: A large, sun-filled 3-bedroom unit. Recent Renovations: Both residential units and the commercial restaurant space have been recently updated, ensuring modern finishes and functionality throughout. Development Potential: The property's additional FAR provides incredible value for those looking to expand or enhance the existing structure. Development plans are available for review, offering inspiration and insight into the property's future possibilities. Cortelyou Road is a lively corridor known for its local charm and convenience, surrounded by popular restaurants, cafes, and shops, including Lea's, Mimi's Hummus, Madeline's, Sycamore Bar & Flower Shop, George's Diner, and the Flatbush Food Co-op. Kings Theater and Newkirk Avenue are also nearby. Commuting is easy with the Q train at Cortelyou Road offering a 35-minute ride to Union Square, and the B/Q trains at Newkirk Plaza providing access to downtown Manhattan in about 40 minutes. Whether you're an investor seeking steady income, a developer with an eye for potential, or an end-user looking to establish your business in a thriving area, this property delivers unparalleled opportunity. Contact us today for the building setup or to schedule a private viewing and explore the possibilities of this exceptional property.
Location
Rooms
Basement Other
Interior
Fireplace No
Laundry Building None
Exterior
Exterior Feature None
View Y/N No
Porch Terrace
Private Pool No
Building
Story 3
Entry Level Tri-Level
Level or Stories Tri-Level
New Construction No
Others
Pets Allowed Pets Allowed
Ownership Rental Building
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by Renee Lee