$2,500,000
About This Home
Welcome to 417 Maple Street - a fully gut-renovated, income-producing property on a large 40 x 100 ft lot in Crown Heights. This unique offering includes two spacious rental units, each featuring 3 large bedrooms and 2 full bathrooms, modern finishes, and strong existing rental income. The property is nicely gated and also offers a very large backyard, providing excellent outdoor space for tenants or future enhancements. The property includes rare parking amenities: a 4-car garage in the rear, plus an additional front garage with storage space - all of which can be rented out for excellent supplemental income. Beyond its current cash flow, the property sits in an R6 zoning district and is significantly underbuilt, giving buyers major long-term upside. Developers will appreciate the substantial unused buildable square footage available on this 40 x 100 ft lot. Depending on the development approach, future projects could potentially achieve: o Approx. 8,800 sq ft under the Quality Housing Program o Approx. 9,720 sq ft under standard Height Factor zoning o Up to approx. 12,000 sq ft with Voluntary Inclusionary Housing participation This makes 417 Maple Street a rare opportunity for both investors and developers - a fully renovated, high-income property today with the ability to support a much larger multi-unit development in the future. Ideal for buyers seeking immediate rental income, flexible parking revenue, a nicely gated and very large backyard, and strong long-term development potential in one of Crown Heights' fastest-growing residential corridors.
Location
417 Maple Street, Brooklyn, NY, USA, 11225
Listing Agent
