SOLD FOR $2,100,000
· Closed January 6, 2017
$2,100,000
$216 per sq ft
260 Schenectady Avenue
MLS® #RLS10065908
Listing by Sotheby's International Realty
21
Bedrooms
8
Baths
9,744
Sq. Ft.
1908
Year Built
Sale Details
Property Summary
Description
DON'T MISS this unique opportunity to invest in an income producing apartment building in the burgeoning section of Crown Heights, just one block from the Utica 3/4 subway and 1 stop from thriving Franklin Avenue. This pre-war rental building is approximately 9744 sq. ft. and is comprised of eight 3BR apartments, with great ceiling height, views and light. Six of the units are already vacant. Although this is an 'as is' property in need of a gut renovation, the seller has already replaced the boiler, water tanks and kitchen stacks. The basement is spacious with good ceiling height and can be viewed along with the vacant units. The property will be delivered with 6 vacant apartments and two rent stabilized tenants: apt 1 for $933.55 and apt 7 for $979.67. Crown Heights, which is often compared to Bedford Stuyvesant is in full-blown development. This building is a rare find and a phenomenal investment opportunity.
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Listing courtesy of Abigael Maryan at Sotheby's International Realty. 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.