1229 Saint Johns Place 1

Brooklyn

For Sale
  • Bathrooms 1
  • Bedrooms 4
  • Maint/CC $0
  • RET $152
  • Price $1,495,000

1229 Saint Johns Place allows for 7,150 of buildable SF of residential development, as of right. There is the

potential to expand up to 15,000 buildable square feet using the CF FAR bonus.

This is also a great opportunity to buy and hold, as there is an existing, well maintained, renovated one family structure on the property: 1,500 SF, 4BR/2.5BA, 750SF basement & parking for 2 cars a potential gross monthly income of $4,000, a potential of a 2% cap rate as a hold or while plans are being developed.

This property is located less than 4 blocks from both the 3 line at Kingston Avenue and 3/4 at Crown Heights/Utica Avenue. Express train service to Manhattan is approximately 20 minutes. Close proximity to a vibrant and expanding selection of restaurants and cafs, unlimited retail on Utica Avenue, both the Brooklyn & Jewish Childrens Museum, Brower Park & Saint Johns Park.

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Licensed Associate Real Estate Broker
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