148 29th Street

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148 29th Street
148 29th Street
Sunset Park
- 5 BED
- 3 BATH
$1,650,000

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Details

Rarely available true 3-family in the up-and-coming neighborhood of Greenwood Heights where you can enjoy open space and tranquil living. Perfect for an end-user or investor. Currently used as an income property with 3 separate rental units, but can easily be made into an owner's duplex with an income-producing unit on the ground floor. Lot size is 25x100 and unused FAR of 2,905. All units have been recently renovated. Currently configured as a 2 bedroom/1 bath (top floor), 2 bedroom/1 bath (2nd floor) and a 1 bedroom/1 bath (ground floor). All units have access to a well-manicured backyard through a 5' private alley that runs along the side of the house. Each unit has separate mechanical and grids which can be billed directly to tenants, leaving operating costs low. Ceiling heights in each unit are over 9'. Currently only using .84 of FAR, with a Max FAR of 1.65 (if residential use) or 2 (if commercial use), so plenty of room to expand the property. Possibility to expand each unit to a 3 bed/2 bath. Total lot sq ft 2,504, Minutes away from the R at 25th or the express N, D at 36th, and Industry City, one of the largest manufacturing coworking spaces and retail spaces in Brooklyn. Close to Greenwood Park a 13,000-square-foot, indoor-outdoor beer garden with bocce courts and a seasonal menu. There are also several high-profile condo and commercial projects coming soon along 4th Avenue and 5th Avenue. This is a great investment opportunity, or perfect for someone looking for more space, this can't be missed!

Listing Courtesy of Compass.

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Contact Agent

Adam Heller
President

adam@hellerorg.com
917-439-8300

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Property Information

PRICE
$1,650,000
PRICE PER SF
786
BEDROOMS
5
BATHROOMS
3
ASF | SM
2,100SF | 195SM
FLOORS | APTS
3
PET POLICY
Pets Allowed

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148 29th Street

Contact Agent

As the President & CEO of The Heller Organization founded 25 years ago in New York City, Adam brings a wealth of knowledge from all aspects of the market including residential, commercial, and development. He has developed the expertise to facilitate every type of sale or rental transaction, including cooperatives, condominiums, townhouses, retail, office space, and development sites. His keen understanding of construction, architecture, and real estate development, aids in the process of identifying and negotiating the best possible investments for a client’s particular needs.

With over $1 Billion in closed residential and commercial transactions, Adam is continually growing within all aspects of the industry. In recent years he has had a strong emphasis on new development and has been actively involved with the leasing of both the residential and retail components of several high-profile projects throughout New York City. Adam currently manages the leasing for 20 residential projects comprising nearly 2000 high-end rental and condominium units. Additionally, Adam is currently working on several new development projects throughout Manhattan, Brooklyn and Queens, where his firm is actively involved throughout the pre-development phase through the marketing, sales and leasing.

Adam is also a co-managing partner of RAS Realty Partners which owns and operates approximately 2000 multi-family residential units throughout the southeast. RAS Realty Partners is headquartered in Boca Raton, Florida, and brings many decades of collective experience in commercial and residential real estate to every opportunity, specializing in the acquisition, development and operation of multi-family properties across the United States.

Prior to establishing The Heller Organization, Adam worked for Newmark Knight Frank in Downtown Manhattan. He currently serves as an active member of the Real Estate Board of New York, and holds a Masters Degree from Columbia University's Real Estate Development Program and an undergraduate degree in Information Technology from Syracuse University.

Adam Heller

President

adam@hellerorg.com

p: 917-439-8300