Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $980,000

· Sold at asking price · Closed April 10, 2024

SOLD: 521 VAN SICLEN Avenue #NA
SOLD $980,000
Sold Multi Family

$980,000

$251 per sq ft

521 VAN SICLEN Avenue #NA

East New York, Brooklyn

MLS® #RLS10927819

RLS at REBNY

Listing by Douglas Elliman Real Estate

10

Bedrooms

5

Baths

3,900

Sq. Ft.

1930

Year Built

Sale Details

Sale Price $980,000
Original List Price $980,000
First Listed At $1,200,000
Close Date April 10, 2024
vs. Asking Sold at asking price

Property Summary

Bedrooms 10
Bathrooms 5
Living Area 3,900 sq ft
Year Built 1930
Ownership None
Property Taxes $8,052/yr
Neighborhood East New York
Floor 1 of 2

Description

Exceptional solid brick semi-attached legal 4 family home just hitting the market on Van Siclen Avenue! One block from the Van Siclen 2,3 and 4 trains, this extraordinary multi-family investment property in move-in ready condition. This huge legal 4-family is 25 by 78 square feet on a long 25 by 100 square foot lot with R6 zoning, FAR 2.43 and an allowable useable floor area of 6,073 square feet, allowing for an unused FAR of 2.17 giving any new owner the ability to build another entire floor up on top! With over 3,700 square feet of living space on the top 2 floors and another 1,850 square feet in the impressive basement, complete with heat and high 7-foot ceilings, this is an opportunity not to be missed. The basement has both a front entrance leading into a spacious apartment as well as a side entrance leading into another entirely separate space making the hidden value in this gem well worth mentioning. The first and second floors have 2 separate matching apartments on each floor, all with 9-foot ceilings; the front units have a 3-bedroom, 1 bathroom unit and each of the back ones have a 2-bedroom 1-bathroom unit for a total of 10 bedrooms, that's not including the flexible and considerable extra basement space! Each and every unit on the top two floors have loads of windows due to the accompanying courtyard along the side of the property, perfect for all residents to relax in a private outdoor space. The building itself has a new boiler and is very clean and well-kept. Short walk to the Brooklyn Public Library and the Martin Luther King Playground just a couple of blocks away. 4-family homes delivered vacant in this area are very rare, and this one is ready to start generating a lucrative rental income from day one! This great property won't last, call today!

Property Details

Type Multi Family
Ownership None
Total Rooms 15
View Other
Year Built 1930
Living Area 3,900 sq ft

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Listing courtesy of Gavriel Ilyabayev at Douglas Elliman Real Estate. Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.

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